Civic Intelligence

Wpha Development Inc

EIN 46-2598158 • 501(c)3 • West Point, MS

Profile

Whpa development, inc. Is organized exclusively for charitable, religions, scientific, medical, literary or educational purposes within the meaning of section 501(c)(3) of the internal revenue code, as amended. The corporation is organized and shall be operated as an instrumentality of and to support the housing authority of the city of west point, mississippi, a public housing authority established under (1) the mississippi housing authorities law, and (2) the mississippi supplemental housing authorities law to provide decent, safe and sanitary urban or rural dwellings, apartments or other living accommodations for persons of low income; including the acquisition, development, construction, and operation of buildings, land, equipment, facilities, and other real property for necessary, convenient or desirable appurtenances, streets, sewers, water service, parks, site preparation, gardening, administrative, community, health, recreational, welfare or other purposes.

PO Box 158West Point, MS 39773

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

2nd percentile

-273%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

40th percentile

-0.1%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$705,242

Up $9,306 (+1.3%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$705,242

Up $9,306 (+1.3%) from 2022

Revenue

Up

$9,676

Up $9,455 (+4278%) from 2022

Expenses

Down

$370

Down $454 (-55%) from 2022

Net Income

Up

$9,306

Up $9,909 (+1643%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $175Liabilities 2014: $0Net Assets 2014: $1752014Assets 2015: $132,399Liabilities 2015: $0Net Assets 2015: $132,3992015Assets 2016: $142,282Liabilities 2016: $0Net Assets 2016: $142,2822016Assets 2017: $149,613Liabilities 2017: $0Net Assets 2017: $149,6132017Assets 2018: $697,833Liabilities 2018: $0Net Assets 2018: $697,8332018Assets 2019: $696,362Liabilities 2019: $0Net Assets 2019: $696,3622019Assets 2020: $695,147Liabilities 2020: $0Net Assets 2020: $695,1472020Assets 2021: $696,539Liabilities 2021: $0Net Assets 2021: $696,5392021Assets 2022: $695,936Liabilities 2022: $0Net Assets 2022: $695,9362022Assets 2023: $705,242Liabilities 2023: $0Net Assets 2023: $705,2422023

Highlighted filing

2023

Assets$705,242
Liabilities$0
Net Assets$705,242

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $3,722Expenses 2014: $3,547Net Income 2014: $1752014Revenue 2015: $133,132Expenses 2015: $908Net Income 2015: $132,2242015Revenue 2016: $12,209Expenses 2016: $2,326Net Income 2016: $9,8832016Revenue 2017: $8,813Expenses 2017: $1,482Net Income 2017: $7,3312017Revenue 2018: $549,586Expenses 2018: $1,366Net Income 2018: $548,2202018Revenue 2019: $0Expenses 2019: $1,471Net Income 2019: -$1,4712019Revenue 2020: $723Expenses 2020: $1,938Net Income 2020: -$1,2152020Revenue 2021: $2,193Expenses 2021: $801Net Income 2021: $1,3922021Revenue 2022: $221Expenses 2022: $824Net Income 2022: -$6032022Revenue 2023: $9,676Expenses 2023: $370Net Income 2023: $9,3062023

Highlighted filing

2023

Revenue$9,676
Expenses$370
Net Income$9,306

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 28, 2024
Return Version
2022v5.0
Gross Receipts
$9,676
Mission and Program Overview

Mission

Whpa development, inc. Is organized exclusively for charitable, religions, scientific, medical, literary or educational purposes within the meaning of section 501(c)(3) of the internal revenue code, as amended. The corporation is organized and shall be operated as an instrumentality of and to support the housing authority of the city of west point, mississippi, a public housing authority established under (1) the mississippi housing authorities law, and (2) the mississippi supplemental housing authorities law to provide decent, safe and sanitary urban or rural dwellings, apartments or other living accommodations for persons of low income; including the acquisition, development, construction, and operation of buildings, land, equipment, facilities, and other real property for necessary, convenient or desirable appurtenances, streets, sewers, water service, parks, site preparation, gardening, administrative, community, health, recreational, welfare or other purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$695,936$704,775▲ $8,839
Prepaid Expenses and Deferred Charges-$467-
Total Assets$695,936$705,242▲ $9,306
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$695,936$705,242▲ $9,306
Total Net Assets Fund Balance$695,936$705,242▲ $9,306
Total Liabilities and Net Assets / Fund Balance$695,936$705,242▲ $9,306
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,500
Investment Income
$176
Other Revenue
$0
Change in Net Assets
$9,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$334-$334
Office Expenses-$36-$36
Total Functional Expenses$0$370$0$370
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Copies of the completed draft form 990 (including required schedules) will be distributed to the signature officer in either electronic or paper form for review and approval. Any questions or concerns will be noted and addressed, and management staff will ensure that changes are incorporated into the form 990 as appropriate. Copies of the draft form 990 will then be distributed to the board of directors in either electronic or paper form for review and approval. Any questions or concerns will be noted and addressed, and management staff will ensure that changes are incorporated into the form 990 as appropriate.

Form 990, Page 6, Part VI, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (1) has received a copy of the conflicts of interest policy, (2) has read and understands the policy, (3) has agreed to comply with the policy, and (4) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. For wpha development, inc., board members and officers are subject to a conflict of interest policy that requires decision-making on any transaction that would affect their "material financial interest- or that would significantly affect their "personal interests." question as to whether an individual has a conflict falling within the policy is decided by the board, not including in its vote, the party whose potential conflict is at issue.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, form 990, form 1023 and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wpha Development Inc
EIN
46-2598158
Phone
6624952004
Address
PO BOX 158, WEST POINT, MS 39773

Signing Officer

Name
Mauresha C Harris
Title
Chairperson
Phone
6624952004
Signed
2024-02-28

Organization Details

Principal Officer
Mauresha C Harris
Formed
2012
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Cork Hill & Company LLC
Address
2100 SOUTHBRIDGE PKWY STE 530, BIRMINGHAM, AL 35209
Preparer
D Ben Cork CPA
Phone
2058793292
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Whpa development, inc. Is organized exclusively for charitable, religions, scientific, medical, literary or educational purposes within the meaning of section 501(c)(3) of the internal revenue code, as amended. The corporation is organized and shall be operated as an instrumentality of and to support the housing authority of the city of west point, mississippi, a public housing authority established under (1) the mississippi housing authorities law, and (2) the mississippi supplemental housing authorities law to provide decent, safe and sanitary urban or rural dwellings, apartments or other living accommodations for persons of low income; including the acquisition, development, construction, and operation of buildings, land, equipment, facilities, and other real property for necessary, convenient or desirable appurtenances, streets, sewers, water service, parks, site preparation, gardening, administrative, community, health, recreational, welfare or other purposes.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WHPA DEVELOPMENT, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIONS, SCIENTIFIC, MEDICAL, LITERARY OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS AN INSTRUMENTALITY OF AND TO SUPPORT THE HOUSING AUTHORITY OF THE CITY OF WEST POINT, MISSISSIPPI, A PUBLIC HOUSING AUTHORITY ESTABLISHED UNDER (1) THE MISSISSIPPI HOUSING AUTHORITIES LAW, AND (2) THE MISSISSIPPI SUPPLEMENTAL HOUSING AUTHORITIES LAW TO PROVIDE DECENT, SAFE AND SANITARY URBAN OR RURAL DWELLINGS, APARTMENTS OR OTHER LIVING ACCOMMODATIONS FOR PERSONS OF LOW INCOME; INCLUDING THE ACQUISITION, DEVELOPMENT, CONSTRUCTION, AND OPERATION OF BUILDINGS, LAND, EQUIPMENT, FACILITIES, AND OTHER REAL PROPERTY FOR NECESSARY, CONVENIENT OR DESIRABLE APPURTENANCES, STREETS, SEWERS, WATER SERVICE, PARKS, SITE PREPARATION, GARDENING, ADMINISTRATIVE, COMMUNITY, HEALTH, RECREATIONAL, WELFARE OR OTHER PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE COMPLETED DRAFT FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO THE SIGNATURE OFFICER IN EITHER ELECTRONIC OR PAPER FORM FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WILL BE NOTED AND ADDRESSED, AND MANAGEMENT STAFF WILL ENSURE THAT CHANGES ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE. COPIES OF THE DRAFT FORM 990 WILL THEN BE DISTRIBUTED TO THE BOARD OF DIRECTORS IN EITHER ELECTRONIC OR PAPER FORM FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WILL BE NOTED AND ADDRESSED, AND MANAGEMENT STAFF WILL ENSURE THAT CHANGES ARE INCORPORATED INTO THE FORM 990 AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (1) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, (2) HAS READ AND UNDERSTANDS THE POLICY, (3) HAS AGREED TO COMPLY WITH THE POLICY, AND (4) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FOR WPHA DEVELOPMENT, INC., BOARD MEMBERS AND OFFICERS ARE SUBJECT TO A CONFLICT OF INTEREST POLICY THAT REQUIRES DECISION-MAKING ON ANY TRANSACTION THAT WOULD AFFECT THEIR "MATERIAL FINANCIAL INTEREST- OR THAT WOULD SIGNIFICANTLY AFFECT THEIR "PERSONAL INTERESTS." QUESTION AS TO WHETHER AN INDIVIDUAL HAS A CONFLICT FALLING WITHIN THE POLICY IS DECIDED BY THE BOARD, NOT INCLUDING IN ITS VOTE, THE PARTY WHOSE POTENTIAL CONFLICT IS AT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MAURESHA C HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum06624952004
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WPHA DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0WPHA
ReturnHeader/Filer/EIN0462598158
ReturnHeader/Filer/PhoneNum06624952004
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631169871
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORK HILL & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02100 SOUTHBRIDGE PKWY STE 530
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035209
ReturnHeader/PreparerPersonGrp/PhoneNum02058793292
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0D BEN CORK CPA
ReturnHeader/ReturnTs02024-03-14T14:47:04-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAURESHA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HARRIS
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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