Civic Intelligence

Wpha Development Inc.

990 • Fiscal year 2014 • EIN 46-2598158

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 31, 2014

PO Box 158West Point, MS 39773

(662) 495-2004

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

54th percentile

4.7%

Higher net margin than 54% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$86,695

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 2329.3% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

100th percentile

17400%

Faster asset growth than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Assets

Up

$175

Up $174 (+17400%) from 2013

Net Assets

Up

$175

Up $175 from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$3,722

Up $3,722 from 2013

Expenses

Up

$3,547

Up $3,547 from 2013

Net Income

Up

$175

Up $175 from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2014

Assets$175
Liabilities$0
Net Assets$175

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$3,722
Expenses$3,547
Net Income$175
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 31, 2014
Return Version
2013v3.1
Gross Receipts
$3,722
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
Land, Buildings, and Equipment, Net-$175-
Total Assets$0$175▲ $175
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$175-
Total Net Assets Fund Balance$0$175▲ $175
Total Liabilities and Net Assets / Fund Balance$0$175▲ $175

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$175$5$180
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kaye JudsonPresident$86,695$86,695

Board Members and Trustees

NameTitle
Alecia RandleDirector
Carolyn J PostonDirector
Sherell Griffin-drake EddDirector
Stephen CraftDirector
Kaye JudsonSecretary/tr
W Ralph NicholsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,722
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,547
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
Fees for Services Accounting-$1,900-$1,900
Other Expenses-$850-$850
Fees for Services Legal-$543-$543
Office Expenses-$249-$249
Depreciation Depletion-$5-$5
Total Functional Expenses$0$3,547$0$3,547
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 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 president 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

EIN
46-2598158
Phone
6624952004

Signing Officer

Name
Kaye Judson
Title
President
Phone
6624952004
Signed
2014-10-31

Organization Details

Principal Officer
Kaye Judson
Formed
2012
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10THE HOUSING AUTHORITY OF THE CITY OF WEST POINT MS
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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 PRESIDENT 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/TotalContributionsAmt03722
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IRS990/TotalFunctionalExpensesGrp/TotalAmt03547
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0175
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KAYE JUDSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06624952004
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine10WPHA DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0WPHA
ReturnHeader/Filer/EIN0462598158
ReturnHeader/Filer/PhoneNum06624952004
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631169871
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10CORK HILL & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102100 SOUTHBRIDGE PKWY STE 530
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode035209
ReturnHeader/PreparerPersonGrp/PhoneNum02058793292
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0D BEN CORK CPA
ReturnHeader/ReturnTs02014-11-14T09:21:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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