Civic Intelligence

Wpha Development Inc.

990 • Fiscal year 2020 • EIN 46-2598158

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 11, 2020

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

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

3rd percentile

-168%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

33rd percentile

-0.2%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

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

Annualized from 2019 to 2020

Assets

Down

$695,147

Down $1,215 (-0.2%) from 2019

Net Assets

Down

$695,147

Down $1,215 (-0.2%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$723

Up $723 from 2019

Expenses

Up

$1,938

Up $467 (+32%) from 2019

Net Income

Up

-$1,215

Up $256 (+17%) from 2019

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

2020

Assets$695,147
Liabilities$0
Net Assets$695,147

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

2020

Revenue$723
Expenses$1,938
Net Income-$1,215
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$723
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$695,924$695,147▼ $777
Prepaid Expenses and Deferred Charges$438--
Total Assets$696,362$695,147▼ $1,215
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$696,362$695,147▼ $1,215
Total Net Assets Fund Balance$696,362$695,147▼ $1,215
Total Liabilities and Net Assets / Fund Balance$696,362$695,147▼ $1,215
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$723
Other Revenue
$0
Change in Net Assets
$-1,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,938
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-$1,188-$1,188
Fees for Services Accounting-$750-$750
Total Functional Expenses$0$1,938$0$1,938
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
Secretary
Phone
6624952004
Signed
2020-11-11

Organization Details

Principal Officer
Mauresha C Harris
Formed
2012
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
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/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MAURESHA C HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06624952004
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WPHA DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0WPHA
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ReturnHeader/Filer/PhoneNum06624952004
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DC58A3C6A6FDEE1F040C36E2D9C2A3AB544E1C56
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02E232EE6DCAB214DC154428D805128420DF8F6E6
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:54:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631169871
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORK HILL & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02100 SOUTHBRIDGE PKWY STE 530
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035209
ReturnHeader/PreparerPersonGrp/PhoneNum02058793292
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0D BEN CORK CPA
ReturnHeader/ReturnTs02020-11-13T13:54:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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