Civic Intelligence

Washington Area Community Investment Fund Inc.

990 • Fiscal year 2017 • EIN 54-1442466

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 09, 2018

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

1.08x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

3.41x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

59th percentile

6.4%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$138,170

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

48th percentile

2.4%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

37%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$4,205,842

Up $99,075 (+2.4%) from 2016

Net Assets

Up

-$321,079

Up $84,996 (+21%) from 2016

Liabilities

Up

$4,526,921

Up $14,079 (+0.3%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin59th percentile

Revenue

Up

$1,328,274

Up $360,960 (+37%) from 2016

Expenses

Down

$1,243,278

Down $378,349 (-23%) from 2016

Net Income

Up

$84,996

Up $739,309 (+113%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2017

Assets$4,205,842
Liabilities$4,526,921
Net Assets-$321,079
Open 2017 Filing

Operations Trend

Revenue Growth83rd 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

2017

Revenue$1,328,274
Expenses$1,243,278
Net Income$84,996
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 9, 2018
Return Version
2017v2.3
Gross Receipts
$1,333,534
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
Cash and Non-Interest-Bearing Accounts$1,575,024$2,189,101▲ $614,077
Other Notes and Loans Receivable, Net$2,276,007$1,705,651▼ $570,356
Pledges and Grants Receivable$162,276$208,750▲ $46,474
Accounts Receivable$69,471$49,209▼ $20,262
Land, Buildings, and Equipment, Net$14,265$35,375▲ $21,110
Prepaid Expenses and Deferred Charges$3,124$11,156▲ $8,032
Total Assets$4,106,767$4,205,842▲ $99,075
Other Assets Total$6,600$6,600→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,853,336$4,254,798▲ $401,462
Other Liabilities$568,173$195,155▼ $373,018
Accounts Payable and Accrued Expenses$64,788$51,327▼ $13,461
Deferred Revenue$26,545$25,641▼ $904
Total Liabilities$4,512,842$4,526,921▲ $14,079
Net Assets / Fund Balance
Temporarily Rstr Net Assets$218,252$367,578▲ $149,326
Unrestricted Net Assets$-624,327$-688,657▼ $64,330
Total Net Assets Fund Balance$-406,075$-321,079▲ $84,996
Total Liabilities and Net Assets / Fund Balance$4,106,767$4,205,842▲ $99,075

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,375$84,424$119,799
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Harold PettigrewExecutive DirectorFT$131,253$6,917$138,170

Board Members and Trustees

NameTitle
Dawnn LearyChairman
Alejandro GoldingBoard Member
Anne MorrisonBoard Member
Brian LewaldBoard Member
Devin Leary-hanebrinkBoard Member
Erin CrossettBoard Member
Jamila BraithwaiteBoard Member
Kevin BaileyBoard Member
Richard BottomleyBoard Member
Rob RiordanBoard Member
Ross GeorgeBoard Member
Nora Diamond-jonesSecretary
Brian NagendraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$435,297
Program Service Revenue
$894,057
Investment Income
$2,760
Other Revenue
$-3,840
All Other Contributions
$412,167
Change in Net Assets
$84,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,328,274
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$57,460
Total Revenue per Audited Statements
$1,385,734
Total Revenue per Form 990
$1,328,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$700,515
Other Expenses$542,763
Total Fundraising Expense$74,605
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$379,854$27,589$37,552$444,995
Current Officers, Directors, Trustees, and Key Employees$112,041$8,137$11,076$131,254
Interest$94,008--$94,008
Other Employee Benefits$72,543$5,847$7,149$85,539
Fees for Services Other$81,562$719$339$82,620
Occupancy$37,906$13,851$2,550$54,307
Fees for Services Accounting$17,846$16,151$6,807$40,804
Payroll Taxes$33,058$2,401$3,268$38,727
Depreciation Depletion$18,224$13,485$1,569$33,278
Other Expenses$7,453$1,114$395$8,962
Total Functional Expenses$1,058,199$110,474$74,605$1,243,278

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,300,738
Expenses per Audited Statements$1,243,278
Total Expenses per Form 990$1,243,278
Expenses Not Reported on Form 990$57,460
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,260
Fundraising Gross Income$1,420
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
30th Anniversary Event$24,550$1,420$1,374$46
Total Events$24,550$1,420$5,260$-3,840
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
Recoverable Grants$133,970
Other Liabilities$61,185
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 recommendations if necessary, and then approves submission.”

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

“The organization has a self-reporting policy for conflict of interests. The organization 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 and other key employees 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
2018-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold Pettigrew
Formed
1987
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
12
Volunteers
20

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, 2017. 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 organization since 2014 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 5,260.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses deducted 5,260.”

Raw XML AppendixShowing 400 of 543 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/BOYAmt064788
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt051327
IRS990/AccountsReceivableGrp/BOYAmt069471
IRS990/AccountsReceivableGrp/EOYAmt049209
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/AllOtherContributionsAmt0412167
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/BOYAmt01575024
IRS990/CashNonInterestBearingGrp/EOYAmt02189101
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt011076
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt08137
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0112041
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0131254
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt023130
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0435297
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02760
IRS990/CYOtherExpensesAmt0542763
IRS990/CYOtherRevenueAmt0-3840
IRS990/CYProgramServiceRevenueAmt0894057
IRS990/CYRevenuesLessExpensesAmt084996
IRS990/CYSalariesCompEmpBnftPaidAmt0700515
IRS990/CYTotalExpensesAmt01243278
IRS990/CYTotalFundraisingExpenseAmt074605
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01328274
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt026545
IRS990/DeferredRevenueGrp/EOYAmt025641
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt01569
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt013485
IRS990/DepreciationDepletionGrp/ProgramServicesAmt018224
IRS990/DepreciationDepletionGrp/TotalAmt033278
IRS990/Desc0SMALL BUSINESS CAPACITY BUILDING PROGRAMS AND SERVICES WACIF PROVIDES CAPACITY BUILDING PROGRAMS AND TECHNICAL ASSISTANCE SERVICES ("TA") FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS EITHER RESIDING AND/OR OPERATING IN ECONOMICALLY DISADVANTAGED OR HISTORICALLY UNDERSERVED COMMUNITIES IN THE DISTRICT OF COLUMBIA, MARYLAND AND VIRGINIA. WACIF'S TA PROGRAMS SUPPORT THE ENTREPRENEURS AND SMALL BUSINESS THROUGH DIRECT ONE-ON-ONE COUNSELING, GROUP AND COHORT-BASED TRAINING PROGRAMS, ADVISORY AND REFERRAL SERVICES, AND LOAN PACKAGING ASSISTANCE. CONTINUED ON SCHEDULE OWACIF'S WORKSHOPS AND TRAININGS BUILD A STRONG FOUNDATION IN TOPICS INCLUDING BUSINESS PLANNING, MARKETING, FINANCIAL STATEMENTS, BUSINESS LAW TOPICS, 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. THE SERVICES ARE PROVIDED AT NO COST TO THE BUSINESS. IN 2017, WACIF PROVIDED SERVICES TO 209 CLIENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0654033
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/FundraisingAmt06807
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016151
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt017846
IRS990/FeesForServicesAccountingGrp/TotalAmt040804
IRS990/FeesForServicesOtherGrp/FundraisingAmt0339
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0719
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt081562
IRS990/FeesForServicesOtherGrp/TotalAmt082620
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/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
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/IndividualTrusteeOrDirectorInd12X
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/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt136917
IRS990/Form990PartVIISectionAGrp/PersonNm0ANNE MORRISON
IRS990/Form990PartVIISectionAGrp/PersonNm1DAWNN LEARY
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN LEWALD
IRS990/Form990PartVIISectionAGrp/PersonNm3ROB RIORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm4ROSS GEORGE
IRS990/Form990PartVIISectionAGrp/PersonNm5NORA DIAMOND-JONES
IRS990/Form990PartVIISectionAGrp/PersonNm6ALEJANDRO GOLDING
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD BOTTOMLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8JAMILA BRAITHWAITE
IRS990/Form990PartVIISectionAGrp/PersonNm9DEVIN LEARY-HANEBRINK
IRS990/Form990PartVIISectionAGrp/PersonNm10KEVIN BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm11BRIAN NAGENDRA
IRS990/Form990PartVIISectionAGrp/PersonNm12ERIN CROSSETT
IRS990/Form990PartVIISectionAGrp/PersonNm13HAROLD 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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13131253
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/ReportableCompFromRltdOrgAmt130
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/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01987
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt023130
IRS990/FundraisingDirectExpensesAmt05260
IRS990/FundraisingGrossIncomeAmt01420
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01333534
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt094008
IRS990/InterestGrp/TotalAmt094008
IRS990/InvestmentIncomeGrp/ExclusionAmt02760
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02760
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt051
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt084424
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014265
IRS990/LandBldgEquipBasisNetGrp/EOYAmt035375
IRS990/LandBldgEquipCostOrOtherBssAmt0119799
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/BOYAmt03853336
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04254798
IRS990/NetAssetsOrFundBalancesBOYAmt0-406075
IRS990/NetAssetsOrFundBalancesEOYAmt0-321079
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3840
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3840
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02550
IRS990/OccupancyGrp/ManagementAndGeneralAmt013851
IRS990/OccupancyGrp/ProgramServicesAmt037906
IRS990/OccupancyGrp/TotalAmt054307
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06600
IRS990/OtherAssetsTotalGrp/EOYAmt06600
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07149
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05847
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt072543
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085539
IRS990/OtherExpensesGrp/Desc0LOAN RESERVE
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt03900
IRS990/OtherExpensesGrp/FundraisingAmt1395
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021180
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11114
IRS990/OtherExpensesGrp/ProgramServicesAmt0145988
IRS990/OtherExpensesGrp/ProgramServicesAmt157716
IRS990/OtherExpensesGrp/ProgramServicesAmt27453
IRS990/OtherExpensesGrp/TotalAmt0145988
IRS990/OtherExpensesGrp/TotalAmt182796
IRS990/OtherExpensesGrp/TotalAmt28962
IRS990/OtherLiabilitiesGrp/BOYAmt0568173
IRS990/OtherLiabilitiesGrp/EOYAmt0195155
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037552
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027589
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0379854
IRS990/OtherSalariesAndWagesGrp/TotalAmt0444995
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02276007
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01705651
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03268
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02401
IRS990/PayrollTaxesGrp/ProgramServicesAmt033058
IRS990/PayrollTaxesGrp/TotalAmt038727
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0162276
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0208750
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03124
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011156
IRS990/PrincipalOfficerNm0HAROLD PETTIGREW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc2INDIRECT COST RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc3OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0676709
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1178275
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231902
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37171
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0676709
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1178275
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231902
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37171
IRS990/ProgSrvcAccomActy2Grp/Desc0ACCESS TO CAPITAL - WACIF'S ACCESS TO CAPITAL AND LENDING PROGRAMS, WHICH TOTAL OVER $7.7M CAPITAL UNDER MANAGEMENT, PROVIDE FLEXIBLE FINANCING FOR SMALL BUSINESSES 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 BUSINESSES STARTUPS TO ESTABLISHED BUSINESS OWNERS THAT ARE UNABLE TO ACCESS TRADITIONAL FINANCING. FROM MICROLOANS TO FINANCING UPWARDS TO $250K, WACIF'S VARIOUS LENDING PROGRAMS BRIDGE THE FINANCING GAP FOR UNDERSERVED COMMUNITIES GRADUATING TO TRADITIONAL LENDERS, WHILE CREATING ECONOMIC OPPORTUNITY. CONTINUED ON SCHEDULE OIN 2017, WACIF CLOSED 11 LOANS TOTALING OVER $677K TO LOCAL SMALL BUSINESSES, COMMUNITY ORGANIZATIONS AND CHILDCARE CENTERS WHICH HELPED OUR LOAN CLIENTS CREATE AND RETAIN OVER 105 JOBS FOR LOCAL RESIDENTS. WACIF MANAGES OVER $7.7M OF CAPITAL UNDER MANAGEMENT IN A NUMBER OF LOAN FUNDS TO MATCH THE RIGHT CAPITAL SOURCE TO A SMALL BUSINESS OWNER'S SPECIFIC NEED. WACIF'S PORTFOLIO IN 2017 SUSTAINED OVER 105 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 ORGANIZATION'S HISTORICAL SOURCE FOR COMMUNITY DEVELOPMENT FINANCING AND ITS MOST FLEXIBLE. THE ACLF REMAINS A COMMUNITY ASSET WHICH 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 55 INSTITUTIONAL AND INDIVIDUAL INVESTORS HOLDING OVER 100 INVESTMENTS, THE ACLF BOASTS A 100% INVESTOR REPAYMENT RATE. IN 2017, WACIF'S ACLF PROVIDED ACCESS TO CAPITAL TO LOW-MODERATE INCOME ENTREPRENEURS TOTALING $336K.MICRO LOAN FUNDS:WACIF'S MICRO LOAN FUNDS SUPPORT SMALL BUSINESSES ALONG THE CONTINUUM OF FINANCING TOWARDS LARGER AND TRADITIONAL BANK LENDING, OFFERING ENTREPRENEURS CAPITAL BETWEEN $10K AND $50K. THESE MICRO LOANS ARE PAIRED WITH ON-GOING, POST-LOAN CLOSING BUSINESS COUNSELING. DURING 2017, WACIF MANAGED A SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN FUND AND THE STREETSCAPE RELIEF LOAN FUND ($3M) AND DISTRICT CAPITALIZED LOAN FUND ($500K) WITH THE DC DEPARTMENT OF SMALL AND LOCAL BUSINESS DEVELOPMENT. IN 2017, WACIF'S SBA MICROLOAN FUND CLOSED 8 LOANS TOTALING $341K.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0404166
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0389764
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0190081
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02426
IRS990/PYOtherExpensesAmt0914479
IRS990/PYOtherRevenueAmt04606
IRS990/PYProgramServiceRevenueAmt0770201
IRS990/PYRevenuesLessExpensesAmt0-654313
IRS990/PYSalariesCompEmpBnftPaidAmt0707148
IRS990/PYTotalExpensesAmt01621627
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0967314
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt084996
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0504293
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2013 AMOUNT: $ 201. 2014 AMOUNT: $ 1,990.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0435297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0190081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0230097
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0169793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0143488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01168756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02760
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02426
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05746
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06969
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07168
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt025069
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04903478
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01990
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0201
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02191
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.33660
IRS990ScheduleA/PublicSupportPY170Pct00.34520
IRS990ScheduleA/PublicSupportTotal170Amt0402600
IRS990ScheduleA/SubstantialContributorsTotAmt0766156
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0435297
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0190081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0230097
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0169793
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143488
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01168756
IRS990ScheduleA/TotalSupportAmt01196016
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt052200
IRS990ScheduleD/DonatedServicesUseFcltsAmt052200
IRS990ScheduleD/EquipmentGrp/BookValueAmt035375
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084424
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119799
IRS990ScheduleD/ExpensesNotReportedAmt057460
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01243278
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/OtherExpensesIncludedAmt05260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0133970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt161185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RECOVERABLE GRANTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherRevenueAmt05260
IRS990ScheduleD/RevenueNotReportedAmt057460
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01328274
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, 2017. 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 ORGANIZATION SINCE 2014 ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES DEDUCTED 5,260.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES DEDUCTED 5,260.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035375
IRS990ScheduleD/TotalExpensesPerForm990Amt01243278
IRS990ScheduleD/TotalLiabilityAmt0195155
IRS990ScheduleD/TotalRevenuePerForm990Amt01328274
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01385734

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,205,842
Liabilities
$4,526,921
Net assets
-$321,079
Revenue
$1,328,274
Expenses
$1,243,278
Net income
$84,996
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