Civic Intelligence

Will Woods VIII DBA Belle Pointe Apts & Belle Terre Apts

990 • Fiscal year 2023 • EIN 72-1327147

Aug 01, 2022 to Jul 31, 2023 • Filed on Apr 24, 2024

Organization ProfileN/A
3900 Howard AveNew Orleans, LA 70125

(504) 830-3700

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.96x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

5.02x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

18th percentile

-17%

Higher net margin than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

89th percentile

$187,883

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

21st percentile

-4.7%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

6.0%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$3,923,614

Down $192,646 (-4.7%) from 2022

Net Assets

Down

$175,640

Down $123,241 (-41%) from 2022

Liabilities

Down

$3,747,974

Down $69,405 (-1.8%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin18th percentile

Revenue

Up

$746,225

Up $42,153 (+6.0%) from 2022

Expenses

Down

$869,466

Down $95,059 (-9.9%) from 2022

Net Income

Up

-$123,241

Up $137,212 (+53%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,674,766Liabilities 2011: $2,170,618Net Assets 2011: $504,1482011Assets 2012: $2,647,512Liabilities 2012: $2,115,750Net Assets 2012: $531,7622012Assets 2013: $2,701,688Liabilities 2013: $2,070,220Net Assets 2013: $631,4682013Assets 2014: $2,662,735Liabilities 2014: $2,015,350Net Assets 2014: $647,3852014Assets 2015: $2,595,547Liabilities 2015: $1,961,118Net Assets 2015: $634,4292015Assets 2016: $2,604,991Liabilities 2016: $1,899,387Net Assets 2016: $705,6042016Assets 2017: $2,415,242Liabilities 2017: $1,858,991Net Assets 2017: $556,2512017Assets 2018: $2,371,966Liabilities 2018: $1,774,210Net Assets 2018: $597,7562018Assets 2019: $2,406,493Liabilities 2019: $1,779,891Net Assets 2019: $626,6022019Assets 2020: $2,349,328Liabilities 2020: $1,751,883Net Assets 2020: $597,4452020Assets 2021: $2,224,667Liabilities 2021: $1,665,333Net Assets 2021: $559,3342021Assets 2022: $4,116,260Liabilities 2022: $3,817,379Net Assets 2022: $298,8812022Assets 2023: $3,923,614Liabilities 2023: $3,747,974Net Assets 2023: $175,6402023Assets 2024: $3,863,189Liabilities 2024: $3,235,041Net Assets 2024: $628,1482024Assets 2025: $3,757,879Liabilities 2025: $3,196,593Net Assets 2025: $561,2862025

Highlighted filing

2023

Assets$3,923,614
Liabilities$3,747,974
Net Assets$175,640
Open 2023 Filing

Operations Trend

Revenue Growth49th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $705,3692011Expenses 2012: $702,0892012Expenses 2013: $695,7912013Revenue 2014: $745,745Expenses 2014: $729,828Net Income 2014: $15,9172014Revenue 2015: $738,395Expenses 2015: $751,351Net Income 2015: -$12,9562015Revenue 2016: $743,021Expenses 2016: $671,846Net Income 2016: $71,1752016Revenue 2017: $723,149Expenses 2017: $872,502Net Income 2017: -$149,3532017Revenue 2018: $726,438Expenses 2018: $684,933Net Income 2018: $41,5052018Revenue 2019: $739,650Expenses 2019: $710,804Net Income 2019: $28,8462019Revenue 2020: $750,947Expenses 2020: $780,104Net Income 2020: -$29,1572020Revenue 2021: $746,788Expenses 2021: $784,899Net Income 2021: -$38,1112021Revenue 2022: $704,072Expenses 2022: $964,525Net Income 2022: -$260,4532022Revenue 2023: $746,225Expenses 2023: $869,466Net Income 2023: -$123,2412023Revenue 2024: $1,336,329Expenses 2024: $883,821Net Income 2024: $452,5082024Revenue 2025: $836,056Expenses 2025: $902,918Net Income 2025: -$66,8622025

Highlighted filing

2023

Revenue$746,225
Expenses$869,466
Net Income-$123,241
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Apr 24, 2024
Return Version
2022v5.0
Gross Receipts
$746,225
Mission and Program Overview

Mission

To acquire and operate two apartment complexes providing low-income housing located in laplace, la

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,094,094$3,053,973▼ $40,121
Accounts Receivable$631,170$585,820▼ $45,350
Savings and Temporary Cash Investments$233,801$102,329▼ $131,472
Cash and Non-Interest-Bearing Accounts$77,020$92,215▲ $15,195
Prepaid Expenses and Deferred Charges$73,084$82,698▲ $9,614
Other Notes and Loans Receivable, Net$512$0▼ $512
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,116,260$3,923,614▼ $192,646
Other Assets Total$6,579$6,579→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,940,238$1,878,460▼ $61,778
Other Liabilities$1,870,902$1,866,088▼ $4,814
Deferred Revenue$6,239$3,426▼ $2,813
Total Liabilities$3,817,379$3,747,974▼ $69,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$298,881$175,640▼ $123,241
Total Net Assets Fund Balance$298,881$175,640▼ $123,241
Total Liabilities and Net Assets / Fund Balance$4,116,260$3,923,614▼ $192,646

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,486,077$70,428$2,556,505
Land$467,450-$467,450
Other Land Buildings$100,446$27,223$127,669
Equipment-$9,326$9,326
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleOtherTotal
Ms Tammy CardinaleSecretary/Treas$141,414$141,414

Board Members and Trustees

NameTitle
Ron YagerPresident
Mr Wayne MayeuxVice President
MRS JOHN D'ARCY BECKERTrustee
Mr Henry Tatje IiiTrustee
Mr John R Smestad JrTrustee
Mr Kenneth MartinezTrustee
Mrs Leah Nalty RallsTrustee
Mrs Paul a NaltyTrustee
Msgr Christopher H NaltyTrustee
Rev Colm CahillTrustee
Shannon Rodi NashTrustee
Sr Myra Banquer MscTrustee
Dr Mrs Frank E SchmidtTrustees
Mr Mrs Frank NaltyTrustees
Mr Mrs Joseph CarusoTrustees
Mr Mrs Michael ValesTrustees
Mr and Mrs Corey DunbarTrustees
Mr and Mrs Philip HodgesTrustees
Mr and Mrs Raymond ArroyoTrustees
Mr Mrs Mark RodiSec/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Titan GroupConstruction16-C VETERANS BLVD, Kenner, LA 70062$338,471
Revenue and Support

Revenue Composition

Contributions and Grants
$1,901
Program Service Revenue
$737,783
Investment Income
$1,081
Other Revenue
$5,460
Change in Net Assets
$-123,241

Audited Revenue Reconciliation

Revenue per Audited Statements
$746,225
Revenue Not Reported on Form 990
$34,524
Total Revenue per Audited Statements
$780,749
Total Revenue per Form 990
$746,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$869,466
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
Occupancy$119,390--$119,390
Insurance$115,645--$115,645
Depreciation Depletion$82,389--$82,389
Interest$81,906--$81,906
All Other Expenses$61,378--$61,378
Other Expenses$55,643--$55,643
Fees for Services Management$46,766--$46,766
Fees for Services Accounting$7,195$8,578-$15,773
Office Expenses$8,700--$8,700
Fees for Services Legal-$3,000-$3,000
Total Functional Expenses$857,888$11,578$0$869,466

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$903,990
Expenses per Audited Statements$869,466
Total Expenses per Form 990$869,466
Expenses Not Reported on Form 990$34,524
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage from Willwoods$1,300,932
Due to Related Parties$507,424
Tenant security deposit liability$57,731
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Spouses are indicated on the same line in part vii-family relationshipsthe following trustees have family relationships:mrs. Paul a. Naltymonsignor chistopher h. Naltymr. And mrs. Frank naltymr. And mrs. Philip hodgesmrs. Leah nalty rallsmr. And mrs. Mark rodishannon rodi nash”

Form 990, Part VI, Section A, Line 3

“Willwoods community management, inc. Performs management services, bookkeeping services and general oversight of the organization.”

Form 990, Part VI, Section B, Line 11B

“Management and the board of directors will review and approve the form 990 return prior to submission.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Will Woods Viii
EIN
72-1327147
Phone
5048303700
Address
3900 HOWARD AVE, NEW ORLEANS, LA 70125

Signing Officer

Name
Ron Yager
Title
President
Signed
2024-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Yager
Formed
1996
Legal Domicile
La
Voting Board Members
26
Independent Board Members
26
Employees
0

Preparer

Firm
Paciera Gautreau & Priest LLC Cpas
Address
3209 RIDGELAKE DR STE 200, METAIRIE, LA 70002
Preparer
Kirth M Paciera
Phone
5044865573
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Interest forgiven on rel. Pty. Note rec. $34524”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Interest forgiven on rel. Pty. Note rec. $34524”

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IRS990/Form990PartVIISectionAGrp/PersonNm17MR MRS MARK RODI
IRS990/Form990PartVIISectionAGrp/PersonNm18MR KENNETH MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm19MR HENRY TATJE III
IRS990/Form990PartVIISectionAGrp/PersonNm20MR MRS MICHAEL VALES
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treas
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustees
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Sec/Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,923,614
Liabilities
$3,747,974
Net assets
$175,640
Revenue
$746,225
Expenses
$869,466
Net income
-$123,241
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.76$3.20$0.56$0.84$0.90$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.86$3.24$0.63$1.34$0.88$0.45
2023Detailed filing. Detailed filing data is available for this year.$3.92$3.75$0.18$0.75$0.87$0.12
2022Detailed filing. Detailed filing data is available for this year.$4.12$3.82$0.30$0.70$0.96$0.26
2021Detailed filing. Detailed filing data is available for this year.$2.22$1.67$0.56$0.75$0.78$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.35$1.75$0.60$0.75$0.78$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.41$1.78$0.63$0.74$0.71$0.03
2018Detailed filing. Detailed filing data is available for this year.$2.37$1.77$0.60$0.73$0.68$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.42$1.86$0.56$0.72$0.87$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.60$1.90$0.71$0.74$0.67$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.60$1.96$0.63$0.74$0.75$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.66$2.02$0.65$0.75$0.73$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$2.07$0.63$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$2.12$0.53$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$2.17$0.50$0.71