Civic Intelligence

Washington Area Community Investment Fund Inc.

990 • Fiscal year 2016 • EIN 54-1442466

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileWWW.WACIF.ORG

View Organization Page

2012 Rhode Island Avenue NEWashington, DC 20018

(202) 529-5505

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.10x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

4.67x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

5th percentile

-68%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

77th percentile

$121,997

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-13%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$4,106,767

Down $483,644 (-11%) from 2015

Net Assets

Down

-$406,075

Down $654,313 (-264%) from 2015

Liabilities

Up

$4,512,842

Up $170,669 (+3.9%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin5th percentile

Revenue

Down

$967,314

Down $139,369 (-13%) from 2015

Expenses

Up

$1,621,627

Up $532,261 (+49%) from 2015

Net Income

Down

-$654,313

Down $671,630 (-3878%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $4,183,020Liabilities 2010: $3,965,401Net Assets 2010: $217,6192010Assets 2011: $2,654,975Liabilities 2011: $2,461,018Net Assets 2011: $193,9572011Assets 2012: $4,068,202Liabilities 2012: $3,983,644Net Assets 2012: $84,5582012Assets 2013: $4,270,210Liabilities 2013: $4,073,372Net Assets 2013: $196,8382013Assets 2014: $5,332,810Liabilities 2014: $5,101,889Net Assets 2014: $230,9212014Assets 2015: $4,590,411Liabilities 2015: $4,342,173Net Assets 2015: $248,2382015Assets 2016: $4,106,767Liabilities 2016: $4,512,842Net Assets 2016: -$406,0752016Assets 2017: $4,205,842Liabilities 2017: $4,526,921Net Assets 2017: -$321,0792017Assets 2018: $4,794,433Liabilities 2018: $3,990,258Net Assets 2018: $804,1752018Assets 2019: $6,557,543Liabilities 2019: $4,249,050Net Assets 2019: $2,308,4932019Assets 2020: $11,726,882Liabilities 2020: $5,756,862Net Assets 2020: $5,970,0202020Assets 2021: $14,906,500Liabilities 2021: $5,994,483Net Assets 2021: $8,912,0172021Assets 2022: $16,503,969Liabilities 2022: $5,371,145Net Assets 2022: $11,132,8242022Assets 2023: $14,335,295Liabilities 2023: $6,391,482Net Assets 2023: $7,943,8132023Assets 2024: $12,057,310Liabilities 2024: $6,369,850Net Assets 2024: $5,687,4602024

Highlighted filing

2016

Assets$4,106,767
Liabilities$4,512,842
Net Assets-$406,075
Open 2016 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $911,656Expenses 2010: $568,991Net Income 2010: $342,6652010Revenue 2011: $836,261Expenses 2011: $859,067Net Income 2011: -$22,8062011Revenue 2012: $785,410Expenses 2012: $895,138Net Income 2012: -$109,7282012Revenue 2013: $1,359,614Expenses 2013: $1,240,558Net Income 2013: $119,0562013Revenue 2014: $1,378,846Expenses 2014: $1,344,763Net Income 2014: $34,0832014Revenue 2015: $1,106,683Expenses 2015: $1,089,366Net Income 2015: $17,3172015Revenue 2016: $967,314Expenses 2016: $1,621,627Net Income 2016: -$654,3132016Revenue 2017: $1,328,274Expenses 2017: $1,243,278Net Income 2017: $84,9962017Revenue 2018: $3,170,161Expenses 2018: $2,044,907Net Income 2018: $1,125,2542018Revenue 2019: $3,904,649Expenses 2019: $2,050,331Net Income 2019: $1,854,3182019Revenue 2020: $6,397,191Expenses 2020: $2,735,664Net Income 2020: $3,661,5272020Revenue 2021: $7,620,930Expenses 2021: $4,660,784Net Income 2021: $2,960,1462021Revenue 2022: $9,086,978Expenses 2022: $6,866,291Net Income 2022: $2,220,6872022Revenue 2023: $7,616,507Expenses 2023: $10,848,582Net Income 2023: -$3,232,0752023Revenue 2024: $4,141,530Expenses 2024: $6,386,456Net Income 2024: -$2,244,9262024

Highlighted filing

2016

Revenue$967,314
Expenses$1,621,627
Net Income-$654,313
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$970,105
Mission and Program Overview

Mission

The Washington Area Community Investment Fund (Wacif) is a nonprofit community loan fund focused on increasing equity and economic opportunity in the Washington, DC area's underserved communities. Wacif's mission is driven is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity, and is fulfilled by providing access to capital products and services, and capacity building advisory services to low- and moderate-income entrepreneurs.

TO PROVIDE ACCESS TO CAPITAL and TECHNICAL ASSISTANCE TO HELP LOW-MODERATE INCOME ENTREPRENEURS and COMMUNITY-BASED NONPROFITS IN THE WASHINGTON METROPOLITAN AREA.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,768,493$2,276,007▼ $492,486
Cash and Non-Interest-Bearing Accounts$1,346,166$1,575,024▲ $228,858
Pledges and Grants Receivable$204,652$162,276▼ $42,376
Investments Other Securities$101,207--
Savings and Temporary Cash Investments$75,077$0▼ $75,077
Accounts Receivable$55,245$69,471▲ $14,226
Land, Buildings, and Equipment, Net$17,890$14,265▼ $3,625
Prepaid Expenses and Deferred Charges$15,081$3,124▼ $11,957
Total Assets$4,590,411$4,106,767▼ $483,644
Other Assets Total$6,600$6,600→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,615,236$3,853,336▲ $238,100
Other Liabilities$663,602$568,173▼ $95,429
Accounts Payable and Accrued Expenses$63,335$64,788▲ $1,453
Deferred Revenue-$26,545-
Total Liabilities$4,342,173$4,512,842▲ $170,669
Net Assets / Fund Balance
Temporarily Rstr Net Assets$137,804$218,252▲ $80,448
Unrestricted Net Assets$110,434$-624,327▼ $734,761
Total Net Assets Fund Balance$248,238$-406,075▼ $654,313
Total Liabilities and Net Assets / Fund Balance$4,590,411$4,106,767▼ $483,644

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,265$79,034$93,299
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
harold pettigrewExecutive DirectorFT$112,240$9,757$121,997

Board Members and Trustees

NameTitle
Dawnn LearyChairman
Alejandro GoldingBoard Member
Anne Morrisonboard member
Devin Leary-hanebrinkBoard Member
Dr Richard LoweryBoard Member
Jamila BraithwaiteBoard Member
Kevin BaileyBoard Member
Robb BunnenBoard MEMBER
Ross GeorgeboARD member
Salem TierceBoard Member
Caitlin WelshSecretary
brian nagendratreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$190,081
Program Service Revenue
$770,201
Investment Income
$2,426
Other Revenue
$4,606
All Other Contributions
$190,081
Change in Net Assets
$-654,313

Audited Revenue Reconciliation

Revenue per Audited Statements
$967,314
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$96,858
Total Revenue per Audited Statements
$1,064,172
Total Revenue per Form 990
$967,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$914,479
Salaries, Compensation, and Employee Benefits$707,148
Total Fundraising Expense$105,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$374,792$18,295$51,149$444,236
Current Officers, Directors, Trustees, and Key Employees$94,695$4,622$12,923$112,240
Other Employee Benefits$92,246$3,268$12,580$108,094
Fees for Services Accounting$82,182$10,718$10,269$103,169
Interest$97,451--$97,451
Occupancy$45,957$9,280$5,544$60,781
Payroll Taxes$35,922$1,754$4,902$42,578
Advertising$23,123$12,705-$35,828
Insurance$1,766$12,612$238$14,616
Fees for Services Other$7,037$3,211$2,598$12,846
Travel$7,949$1,292$104$9,345
Fees for Services Legal$7,073--$7,073
Depreciation Depletion$2,840$400$385$3,625
Other Expenses$2,246$316$303$2,865
Total Functional Expenses$1,428,308$87,886$105,433$1,621,627

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,718,485
Expenses per Audited Statements$1,621,627
Total Expenses per Form 990$1,621,627
Expenses Not Reported on Form 990$96,858
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,397
Fundraising Direct Expenses$2,791
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Alejandro GoldingBoard MemberInvestment made into the organizations Access to Capital Loan fundNo$3,000
Ross GeorgeBoard MemberInvestment made into the organizations Access to Capital Loan FundNo$3,000
Arthur FlanaganFather of Former Exec. Dir.Investment made into the organizations Access to Capital Loan FundNo$2,000
Ian JosephBoard MemberInvestment made into the organizations Access to Capital Loan fundNo$2,000
Salem TierceBoard MemberInvestment made into the organizations Access to Capital Loan FundNo$1,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lines of Credit$249,993
Other Liabilities$184,210
Recoverable Grants$133,970
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section B, line 11B

“The organization reviews Form 990 at the staff level first, then at the board level, makes change reccommendations if necessary, and then apporves submission.”

Form 990, Part VI, Section B, line 12C

“The organization has a self-reporting policy for conflict of interests. The organizatoin ensures all board and staff sign the conflict of interest policy upon commencement of their relationship with Wacif.”

Form 990, Part VI, Section B, line 15A

“The Board of Directors determines the compensation for the Executive Director through a thorough review of job performance, goals, and industry standards.”

Form 990, Part VI, Section C, line 19

“Wacif's governing documents, conflict of interest policies, and financial statements are made available to the public by request.”

Filing and Contact Details

Filer

Filer Name
Washington Area Community
EIN
54-1442466
Phone
2025295505
Address
2012 RHODE ISLAND AVENUE NE, WASHINGTON, DC 20018

Signing Officer

Name
harold pettigrew
Title
Executive Director
Phone
2025295505
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold Pettigrew
Formed
1987
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
10
Volunteers
26

Preparer

Firm
Cohnreznick Llp
Address
500 EAST PRATT STREET 4TH FLOOR, BALTIMORE, MD 21202
Preparer
Philip H Cornblatt
Phone
4107834900
Supplemental Narrative

Additional Explanations

Form 990 Part XII, Line 2C

“The organization has not changed it's oversight process or selection process during the tax year.”

Financial Statement Notes

Part X, Line 2:

“WACIF has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2016. Due to its tax exempt status, WACIF is not subject to income taxes. WACIF is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and WACIF has no other tax positions which must be considered for disclosure. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires WACIF to report information regarding its exposure to various tax positions taken by WACIF. WACIF has determined whether any tax positions have met the recognition threshold and has measured WACIF's exposure to those tax positions. Management believes that WACIF has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to WACIF are recorded in expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements. The federal and state income tax returns of the Company since 2013 are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.”

Part XI, Line 2D - Other Adjustments:

“Special event expenses deducted 2,791.”

Part XII, Line 2D - Other Adjustments:

“Special event expenses deducted 2,791.”

Raw XML AppendixShowing 400 of 544 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt063335
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt064788
IRS990/AccountsReceivableGrp/BOYAmt055245
IRS990/AccountsReceivableGrp/EOYAmt069471
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE ACCESS TO CAPITAL and TECHNICAL ASSISTANCE TO HELP LOW-MODERATE INCOME ENTREPRENEURS and COMMUNITY-BASED NONPROFITS IN THE WASHINGTON METROPOLITAN AREA.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt012705
IRS990/AdvertisingGrp/ProgramServicesAmt023123
IRS990/AdvertisingGrp/TotalAmt035828
IRS990/AllOtherContributionsAmt0190081
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WASHINGTON COMMUNITY INV FUND
IRS990/BooksInCareOfDetail/PhoneNum02025295505
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02012 RHODE ISLAND AVENUE NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020018
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt01346166
IRS990/CashNonInterestBearingGrp/EOYAmt01575024
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt012923
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt04622
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt094695
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0112240
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0190081
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02426
IRS990/CYOtherExpensesAmt0914479
IRS990/CYOtherRevenueAmt04606
IRS990/CYProgramServiceRevenueAmt0770201
IRS990/CYRevenuesLessExpensesAmt0-654313
IRS990/CYSalariesCompEmpBnftPaidAmt0707148
IRS990/CYTotalExpensesAmt01621627
IRS990/CYTotalFundraisingExpenseAmt0105433
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0967314
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt026545
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0385
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0400
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02840
IRS990/DepreciationDepletionGrp/TotalAmt03625
IRS990/Desc0Small Business Counseling - Wacif provides a variety of technical assistance programs for very-low- to-moderate income entrepreneurs and small business owners to spur economic growth in underserved communities by helping them start or grow their local business. Wacif's Entrepreneurial Training courses develop a strong foundation to launch a successful small business with topics on business planning, marketing, financial statements, law, real estate and becoming lender ready. Wacif's impact is deepened with one-on-one business counseling which works with clients on specific capacity building issues to identify areas of growth. Continued on Schedule OWacif's small business counseling empowers very-low-to-moderate income entrepreneurs to take control of their business to create strong and sustainable local enterprises that are vital for growing economies and healthy communities. In 2016, Wacif provided assistance to 294 small businesses and nonprofit organizations through Entrepreneurial Training and one-on-one counseling and conducted 24 capacity building business courses.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt010
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0626706
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/FundraisingAmt010269
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010718
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt082182
IRS990/FeesForServicesAccountingGrp/TotalAmt0103169
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt07073
IRS990/FeesForServicesLegalGrp/TotalAmt07073
IRS990/FeesForServicesOtherGrp/FundraisingAmt02598
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03211
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt07037
IRS990/FeesForServicesOtherGrp/TotalAmt012846
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt129757
IRS990/Form990PartVIISectionAGrp/PersonNm0ANNE MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm1DAWNN LEARY
IRS990/Form990PartVIISectionAGrp/PersonNm2DR RICHARD LOWERY
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBB BUNNEN
IRS990/Form990PartVIISectionAGrp/PersonNm4ROSS GEORGE
IRS990/Form990PartVIISectionAGrp/PersonNm5CAITLIN WELSH
IRS990/Form990PartVIISectionAGrp/PersonNm6Alejandro Golding
IRS990/Form990PartVIISectionAGrp/PersonNm7Salem Tierce
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMILA BRAITHWAITE
IRS990/Form990PartVIISectionAGrp/PersonNm9DEVIN LEARY-HANEBRINK
IRS990/Form990PartVIISectionAGrp/PersonNm10KEVIN BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm11brian nagendra
IRS990/Form990PartVIISectionAGrp/PersonNm12harold pettigrew
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12112240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0board member
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4boARD member
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt02791
IRS990/FundraisingGrossIncomeAmt07397
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0970105
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0238
IRS990/InsuranceGrp/ManagementAndGeneralAmt012612
IRS990/InsuranceGrp/ProgramServicesAmt01766
IRS990/InsuranceGrp/TotalAmt014616
IRS990/InterestGrp/ProgramServicesAmt097451
IRS990/InterestGrp/TotalAmt097451
IRS990/InvestmentIncomeGrp/ExclusionAmt02426
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02426
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0101207
IRS990/IRPDocumentCnt034
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt079034
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017890
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014265
IRS990/LandBldgEquipCostOrOtherBssAmt093299
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE WASHINGTON AREA COMMUNITY INVESTMENT FUND (WACIF) IS A NONPROFIT COMMUNITY LOAN FUND FOCUSED ON BUILDING THRIVING COMMUNITIES AND CREATING ECONOMIC OPPORTUNITY FOR UNDERSERVED INDIVIDUALS AND NEIGHBORHOODS IN THE DC METROPOLITAN AREA. Continued on Schedule O WACIF PROVIDES MUCH NEEDED ACCESS TO CAPITAL AND SPECIALIZED TECHNICAL ASSISTANCE FOR SMALL BUSINESSES, CHILD CARE CENTERS, AFFORDABLE HOUSING DEVELOPERS AND COMMUNITY SERVING ORGANIZATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03615236
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03853336
IRS990/NetAssetsOrFundBalancesBOYAmt0248238
IRS990/NetAssetsOrFundBalancesEOYAmt0-406075
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04606
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04606
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05544
IRS990/OccupancyGrp/ManagementAndGeneralAmt09280
IRS990/OccupancyGrp/ProgramServicesAmt045957
IRS990/OccupancyGrp/TotalAmt060781
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06600
IRS990/OtherAssetsTotalGrp/EOYAmt06600
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012580
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03268
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt092246
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0108094
IRS990/OtherExpensesGrp/Desc0LOAN RESERVE
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt12845
IRS990/OtherExpensesGrp/FundraisingAmt21593
IRS990/OtherExpensesGrp/FundraisingAmt3303
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14763
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24650
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3316
IRS990/OtherExpensesGrp/ProgramServicesAmt0511058
IRS990/OtherExpensesGrp/ProgramServicesAmt123591
IRS990/OtherExpensesGrp/ProgramServicesAmt218380
IRS990/OtherExpensesGrp/ProgramServicesAmt32246
IRS990/OtherExpensesGrp/TotalAmt0511058
IRS990/OtherExpensesGrp/TotalAmt131199
IRS990/OtherExpensesGrp/TotalAmt224623
IRS990/OtherExpensesGrp/TotalAmt32865
IRS990/OtherLiabilitiesGrp/BOYAmt0663602
IRS990/OtherLiabilitiesGrp/EOYAmt0568173
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt051149
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018295
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0374792
IRS990/OtherSalariesAndWagesGrp/TotalAmt0444236
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02768493
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02276007
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04902
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01754
IRS990/PayrollTaxesGrp/ProgramServicesAmt035922
IRS990/PayrollTaxesGrp/TotalAmt042578
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0204652
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0162276
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015081
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03124
IRS990/PrincipalOfficerNm0HAROLD PETTIGREW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0564140
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1206061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0564140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1206061
IRS990/ProgSrvcAccomActy2Grp/Desc0Access to Capital - Wacif's Access to Capital and Lending Programs, which total over $7,000,000 under management, provide flexible financing for small businesses, child care, affordable housing developers and community serving organizations that are owned by, operate in or serve very-low-to-moderate income communities. Wacif has several loan funds to support a continuum of financing from start-up entrepreneurs to established business owners that are unable to access traditional financing. From Micro-Loan programs upwards to $300,000, Wacif's various lending programs bridge the financing gap for underserved communities graduating to traditional lenders, while creating economic opportunity. Continued on Schedule O In 2016, Wacif closed 16 loans totaling over $731,000 to local small businesses, community organizations and childcare centers which helped our loan clients create and preserve over 30 jobs for local residents. Wacif manages over $7,000,000 in a number of loan funds to match the right capital source to a small business owner's specific need. Wacif's portfolio in 2016 sustained over 360 jobs and is 75% comprised of businesses that are Women or Minority-Owned.Access to Capital Loan Fund:Wacif's Access to Capital Loan Fund (ACLF) is the organizations historical source for community development financing and it's most flexible. The ACLF remains a community asset which began with and has been sustained for over 30 years by individual and institutional, socially-responsible investors seeking positive financial and social returns from their investment. Currently comprised of over 55 institutional and individual investors holding over 75 investments, the ACLF boasts a 100% investor repayment rate. In 2016, Wacif's ACLF provided access to capital to low-moderate income entrepreneurs totaling $308,000.Micro-Loan Funds:Wacif's micro-loan programs support small businesses along the continuum of financing towards larger and traditional bank lending, offering entrepreneur's capital between $10,000 and $50,000. These micro-loans are paired with on-going post-loan closing business counseling. In 2016, Wacif's Small Business Administration (SBA) Micro Loan Fund closed 10 loans totaling $380,000.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0801602
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0254220
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0230097
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05746
IRS990/PYOtherExpensesAmt0416265
IRS990/PYOtherRevenueAmt011259
IRS990/PYProgramServiceRevenueAmt0859581
IRS990/PYRevenuesLessExpensesAmt017317
IRS990/PYSalariesCompEmpBnftPaidAmt0673101
IRS990/PYTotalExpensesAmt01089366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01106683
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-654313
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0515981
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075077
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2012 Amount: $ 18,004. 2013 Amount: $ 201. 2014 Amount: $ 1,990.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0190081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0230097
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0169793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0143488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0206981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0940440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02426
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05746
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06969
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07168
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06432
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028741
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04544273
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01990
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0201
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt018004
IRS990ScheduleA/OtherIncome170Grp/TotalAmt020195
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.34520
IRS990ScheduleA/PublicSupportPY170Pct00.92780
IRS990ScheduleA/PublicSupportTotal170Amt0341528
IRS990ScheduleA/SubstantialContributorsTotAmt0598912
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0190081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0230097
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0169793
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0143488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0206981
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0940440
IRS990ScheduleA/TotalSupportAmt0989376
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt094067
IRS990ScheduleD/DonatedServicesUseFcltsAmt094067
IRS990ScheduleD/EquipmentGrp/BookValueAmt014265
IRS990ScheduleD/EquipmentGrp/DepreciationAmt079034
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt093299
IRS990ScheduleD/ExpensesNotReportedAmt096858
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01621627
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt02791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0249993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1133970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2184210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINES OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RECOVERABLE GRANTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherRevenueAmt02791
IRS990ScheduleD/RevenueNotReportedAmt096858
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0967314
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WACIF has applied for and received a determination letter from the Internal Revenue Service ("IRS") to be treated as a tax exempt entity pursuant to Section 501(c)(3) of the Internal Revenue Code and did not have any unrelated business income for the year ended December 31, 2016. Due to its tax exempt status, WACIF is not subject to income taxes. WACIF is required to file and does file tax returns with the IRS and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and WACIF has no other tax positions which must be considered for disclosure. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires WACIF to report information regarding its exposure to various tax positions taken by WACIF. WACIF has determined whether any tax positions have met the recognition threshold and has measured WACIF's exposure to those tax positions. Management believes that WACIF has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to WACIF are recorded in expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements. The federal and state income tax returns of the Company since 2013 are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,106,767
Liabilities
$4,512,842
Net assets
-$406,075
Revenue
$967,314
Expenses
$1,621,627
Net income
-$654,313
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.1$6.37$5.69$4.14$6.39$2.24
2023Detailed filing. Detailed filing data is available for this year.$14.3$6.39$7.94$7.62$10.8$3.23
2022Detailed filing. Detailed filing data is available for this year.$16.5$5.37$11.1$9.09$6.87$2.22
2021Detailed filing. Detailed filing data is available for this year.$14.9$5.99$8.91$7.62$4.66$2.96
2020Detailed filing. Detailed filing data is available for this year.$11.7$5.76$5.97$6.40$2.74$3.66
2019Detailed filing. Detailed filing data is available for this year.$6.56$4.25$2.31$3.90$2.05$1.85
2018Detailed filing. Detailed filing data is available for this year.$4.79$3.99$0.80$3.17$2.04$1.13
2017Detailed filing. Detailed filing data is available for this year.$4.21$4.53$0.32$1.33$1.24$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.11$4.51$0.41$0.97$1.62$0.65
2015Detailed filing. Detailed filing data is available for this year.$4.59$4.34$0.25$1.11$1.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$5.33$5.10$0.23$1.38$1.34$0.03
2013Detailed filing. Detailed filing data is available for this year.$4.27$4.07$0.20$1.36$1.24$0.12
2012Summary only. Only limited summary data is available for this year.$4.07$3.98$0.08$0.79$0.90$0.11
2011Summary only. Only limited summary data is available for this year.$2.65$2.46$0.19$0.84$0.86$0.02
2010Summary only. Only limited summary data is available for this year.$4.18$3.97$0.22$0.91$0.57$0.34