Civic Intelligence

Willows Park Preserve

990 • Fiscal year 2021 • EIN 82-2732470

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 20, 2022

490 Darby Paoli RdVillanova, PA 19085-1006

(215) 839-0985

Siviq Scores

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

Liabilities / Assets

38th percentile

0.03x

Higher debt load relative to assets than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.12x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

65th percentile

22%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

57th percentile

$73,190

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 28.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

42nd percentile

5.7%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,213,527

Up $65,076 (+5.7%) from 2020

Net Assets

Up

$1,182,982

Up $55,958 (+5.0%) from 2020

Liabilities

Up

$30,545

Up $9,118 (+43%) from 2020

Revenue

Down

$256,676

Down $43,263 (-14%) from 2020

Expenses

Down

$200,718

Down $95,475 (-32%) from 2020

Net Income

Up

$55,958

Up $52,212 (+1394%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $7,127Liabilities 2017: $02017Assets 2018: $596,031Liabilities 2018: $0Net Assets 2018: $596,0312018Assets 2019: $996,729Liabilities 2019: $0Net Assets 2019: $996,7292019Assets 2020: $1,148,451Liabilities 2020: $21,427Net Assets 2020: $1,127,0242020Assets 2021: $1,213,527Liabilities 2021: $30,545Net Assets 2021: $1,182,9822021Assets 2022: $1,394,603Liabilities 2022: $70,824Net Assets 2022: $1,323,7792022Assets 2023: $1,428,358Liabilities 2023: $86,136Net Assets 2023: $1,342,2222023Assets 2024: $1,685,412Liabilities 2024: $138,415Net Assets 2024: $1,546,9972024Assets 2025: $1,751,193Liabilities 2025: $148,535Net Assets 2025: $1,602,6582025

Highlighted filing

2021

Assets$1,213,527
Liabilities$30,545
Net Assets$1,182,982

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2017: $12,276Expenses 2017: $5,149Net Income 2017: $7,1272017Revenue 2018: $655,165Expenses 2018: $66,261Net Income 2018: $588,9042018Revenue 2019: $721,636Expenses 2019: $302,827Net Income 2019: $418,8092019Revenue 2020: $299,939Expenses 2020: $296,193Net Income 2020: $3,7462020Revenue 2021: $256,676Expenses 2021: $200,718Net Income 2021: $55,9582021Revenue 2022: $439,311Expenses 2022: $298,514Net Income 2022: $140,7972022Revenue 2023: $316,100Expenses 2023: $297,657Net Income 2023: $18,4432023Revenue 2024: $535,846Expenses 2024: $331,071Net Income 2024: $204,7752024Revenue 2025: $479,713Expenses 2025: $424,052Net Income 2025: $55,6612025

Highlighted filing

2021

Revenue$256,676
Expenses$200,718
Net Income$55,958
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 20, 2022
Return Version
2021v4.2
Gross Receipts
$267,234
Mission and Program Overview

Mission

See schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,047,201$1,042,163▼ $5,038
Savings and Temporary Cash Investments$93,108$168,589▲ $75,481
Pledges and Grants Receivable$7,272--
Accounts Receivable-$2,050-
Prepaid Expenses and Deferred Charges$723$725▲ $2
Cash and Non-Interest-Bearing Accounts$147--
Total Assets$1,148,451$1,213,527▲ $65,076
Liabilities
Deferred Revenue-$27,000-
Accounts Payable and Accrued Expenses$21,427$3,545▼ $17,882
Total Liabilities$21,427$30,545▲ $9,118
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,127,024$1,174,489▲ $47,465
Net Assets With Donor Restrictions-$8,493-
Total Net Assets Fund Balance$1,127,024$1,182,982▲ $55,958
Total Liabilities and Net Assets / Fund Balance$1,148,451$1,213,527▲ $65,076

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,353--
Leasehold Improvements$1,030,810$55,592-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William NordExecutive DirectorFT$73,190$73,190

Board Members and Trustees

NameTitle
Ava AljianBoard Director
Clifford CohnBoard Director
John DeFlaminisBoard Director
Julie OMalleyBoard Director
Howard HoldenBoard Director - Current Pres
Claire StreibeertBoard Director and Secretary
Krista HixonBoard Director and Treasurer
Mary CoeBoard Director and VP
Revenue and Support

Revenue Composition

Contributions and Grants
$236,507
Program Service Revenue
$30,723
Investment Income
$4
Other Revenue
$-10,558
All Other Contributions
$206,887
Change in Net Assets
$55,958

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$16,600fair market value
Other Non Cash Contri Table1$4,330fair market value
Food Inventory3$4,308replacement cost
Other Non Cash Contri Table1$3,961fair market value
Total Noncash Contributions6$29,199-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,403
Salaries, Compensation, and Employee Benefits$79,315
Total Fundraising Expense$25,392
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$40,254$32,936-$73,190
Depreciation Depletion$44,708--$44,708
Fees for Services Accounting-$14,381-$14,381
Fees for Services Legal$4,170$2,146-$6,316
Payroll Taxes$3,369$2,756-$6,125
Advertising$1,323$3,916-$5,239
Insurance$3,541$1,357-$4,898
Occupancy$3,634--$3,634
Office Expenses$335$2,680-$3,015
Fees for Services Other-$1,244-$1,244
Other Expenses$159$393$25,392$552
All Other Expenses-$380-$380
Fees for Services Management-$300-$300
Total Functional Expenses$111,750$63,576$25,392$200,718
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,558
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Event$20,720$20,720$878$19,842
Total Events$20,720$20,720$10,034$10,686
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
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 governing body review Part VI line 11

Treasurer reviewed with Board President prior to filling. Additionally the pdf version of this 990 was posted in draft form to the WPPs SharePoint file cabinet and made available to all Board members prior to filing. All board members were provided with an executive summary and advised that the complete filing was available for their review.

Conflict of interest policy compliance Part VI line 12C

By-laws require approval of at least 2 officers for disbursement of funds. WPP hired a 3rd party accounting firm to maintain our books and produce financial reports which are shared and reviewed monthly at Board meetings.

CEO executive director top management comp Part VI line 15A

Reviewed compensation structure with outside legal counsel. Also did market analysis. This process was last undertaken in 2020. (William Nord)

Governing documents etc available to public Part VI line 19

Documents are available upon request.

Part VII response or note to any other line in Part VII

Employee Compensation ExplanationNew ED (William Nord)was hired on Dec 1st 2020. Compensation is $5,000 per month in salary with opportunity to earn $5,000 bonuses at 6 month interval.

Filing and Contact Details

Filer

Filer Name
Willows Park Preserve
EIN
82-2732470
Address
490 DARBY PAOLI RD, VILLANOVA, PA 19085-1006

Signing Officer

Name
Krista Hixon
Title
Board Director
Signed
2022-09-20
Discuss with paid preparer
No

Organization Details

Formed
2017
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
5

Preparer

Firm
Ludwig Business Consultants
Address
1120 WELSH ROAD SUITE 200, North Wales, PA 19454
Preparer
Phyllis A Ludwig
Phone
2158390985
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Buiding Restoration & Maintenance, Public Programming, Events and Mansion Usage

Part III response or note to any other line in Part III

Part III, Line 2Building Restoration & Maintenance Public Programming, Events and Mansion Usage Part III, Line 1The Corporation is a nonprofit organization organized and operated exclusively for charitable purposes within the meaning of Section 501(c)(3)of the Internal Revenue Code of 1986, as amended (the Code), specifically for the purposes of restoring and maintaining Willows Mansion, a historic property located in Pennsylvania and owned by Radnor Township, thereby alleviating the Townships burden of caring for and preserving this historic property and making it open and available for public use and enjoyment.

General explanation attachment

1: FormAndLineReferenceDesc: Part I line 1The Corporation is a nonprofit organization organized and operated exlusively for charitable purposes within the meaning of Section 501(c)(3)of the Internal Revenue Code of 1986,as amended(the Code),specifically for the purposes for restoring and maintaining Willows Mansion,a historic property located in Pennsylvania and owned by Radnor Township, thereby alleviating the Townships burden of caring and preserving this historic property and making it open and available for public use and enjoyment.

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IRS990/ProgSrvcAccomActy2Grp/Desc0As part of the WPPs mission and stewardship of the Willows Mansion, we are making it available for the community to use and enjoy.Program 2 - Public Programing, Events and Mansion Usage (including private events)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Treasurer reviewed with Board President prior to filling. Additionally the pdf version of this 990 was posted in draft form to the WPPs SharePoint file cabinet and made available to all Board members prior to filing. All board members were provided with an executive summary and advised that the complete filing was available for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1By-laws require approval of at least 2 officers for disbursement of funds. WPP hired a 3rd party accounting firm to maintain our books and produce financial reports which are shared and reviewed monthly at Board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed compensation structure with outside legal counsel. Also did market analysis. This process was last undertaken in 2020. (William Nord)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Buiding Restoration & Maintenance, Public Programming, Events and Mansion Usage
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part III, Line 2Building Restoration & Maintenance Public Programming, Events and Mansion Usage Part III, Line 1The Corporation is a nonprofit organization organized and operated exclusively for charitable purposes within the meaning of Section 501(c)(3)of the Internal Revenue Code of 1986, as amended (the Code), specifically for the purposes of restoring and maintaining Willows Mansion, a historic property located in Pennsylvania and owned by Radnor Township, thereby alleviating the Townships burden of caring for and preserving this historic property and making it open and available for public use and enjoyment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Employee Compensation ExplanationNew ED (William Nord)was hired on Dec 1st 2020. Compensation is $5,000 per month in salary with opportunity to earn $5,000 bonuses at 6 month interval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt71: FormAndLineReferenceDesc: Part I line 1The Corporation is a nonprofit organization organized and operated exlusively for charitable purposes within the meaning of Section 501(c)(3)of the Internal Revenue Code of 1986,as amended(the Code),specifically for the purposes for restoring and maintaining Willows Mansion,a historic property located in Pennsylvania and owned by Radnor Township, thereby alleviating the Townships burden of caring and preserving this historic property and making it open and available for public use and enjoyment.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VII response or note to any other line in Part VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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