Willow Glen Elderly Housing Corp

Tax-deductible

Ravenna, OH501(c)(3)HousingEIN 26-3344209Revenue $276K in FY2024

On file with the IRS120 E Main St, 44266-3104 · Ravenna, OHTax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To promote Elderly persons and handicapped persons with Housing facilities and services specifically designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $145K a year · 54% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$362K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 11 voting members
Looks good: 8 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$276K
+3% vs prior year
Spent
$399K
To programs
90%
Net assets
$3.4M
By yearFY2020–FY2024
Revenue
$276K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$265K
FY2021$266K
FY2022$260K
FY2023$267K
FY2024$276K
Expenses
$399K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$402K
FY2021$434K
FY2022$407K
FY2023$416K
FY2024$399K
Net assets
$3.4M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$3.9M
FY2022$3.7M
FY2023$3.6M
FY2024$3.4M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $360K Management & general 10% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Deputy Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Willow Glen Elderly Housing Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing and services for elderly and disabled individuals to enhance their well-being and independence.

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Provided by the organization

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1 program · $360K · in their own filed words · FY2024
01

To promote elderly persons and handicapped persons with housing facilities and services specifically designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.

$360Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$276K
Ln 12
Fees for servicesLn 2g$206K
Gifts and grantsLn 1h$64K
Investment incomeLn 3$3K
Money outPt IX
$399K
Ln 25
Programscol B$360K
Managementcol C$39K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$3.8M
LiabilitiesLn 26$362K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Government grantsLn 1e$64K
Fees for servicesLn 2g$206K
Investment incomeLn 3$3K
Other incomeLn 4–11$2K
Total revenueLn 12$276K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$362K
Total assetsLn 16$3.8M
LiabilitiesLn 26$362K
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$11K$35K
Land, buildings, equipmentLn 10c$3.5M$3.4M
Total assetsLn 16$3.9M$3.8M
LiabilitiesLn 26$362K$362K
Net assetsLn 32$3.6M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$9K
OccupancyLn 16$87K$87K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$152K$152K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$113K$102K$11K
Total functional expensesLn 25$399K$360K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $276K$399K−$123K$3.4M 990 PDF
FY2023 $267K$416K−$149K$3.6M 990 PDF
FY2022 $260K$407K−$147K$3.7M 990 PDF
FY2021 $266K$434K−$168K$3.9M 990 PDF
FY2020 $265K$402K−$136K$4.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $275,541 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,512$64,385
I-9 Program service revenuePrior year $185,619$205,738
I-10 Investment incomePrior year $2,407$2,931
I-11 Other revenuePrior year $1,190$2,487
I-12 Total revenuePrior year $266,728$275,541
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $415,797$398,791
I-18 Total expensesPrior year $415,797$398,791
I-19 Revenue less expensesPrior year −$149,069−$123,250
Part VI · Governance 8 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $275,541 across 6 lines filed
VIII-1e Government grants$64,385
VIII-1h Total contributions, gifts and grants$64,385
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $205,738$205,738
VIII-3 Investment incomeExcluded from tax $2,931$2,931
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,487$2,487
VIII-12 Total revenueRelated to mission $208,225 · Unrelated business $0 · Excluded from tax $2,931$275,541
Part IX · Statement of functional expenses $398,791 across 8 lines filed
IX-11a Management feesManagement $28,062$28,062
IX-12 Advertising and promotionPrograms $1,970$1,970
IX-13 Office expensesPrograms $8,882$8,882
IX-16 OccupancyPrograms $86,703$86,703
IX-20 InterestPrograms $2,500$2,500
IX-22 Depreciation, depletion and amortizationPrograms $152,197$152,197
IX-23 InsurancePrograms $5,322$5,322
IX-24 Other expenses (24a–d)Programs $102,455 · Management $10,700$113,155
IX-25 Total functional expensesPrograms $360,029 · Management $38,762 · Fundraising $0$398,791
Part X · Balance sheet $3,795,002 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $10,547$34,615
X-4 Accounts receivableStart of year $449$4,124
X-9 Prepaid expenses and deferred chargesStart of year $2,464$1,966
X-10c Land, buildings and equipment, netStart of year $3,531,017$3,392,415
X-15 Other assetsStart of year $373,632$361,882
X-16 Total assetsStart of year $3,918,109$3,795,002
X-17 Accounts payable and accrued expensesStart of year $54,435$50,892
X-19 Deferred revenueStart of year $4,055$3,895
X-25 Other liabilitiesStart of year $138,497$139,737
X-26 Total liabilitiesStart of year $361,807$361,950
X-27 Net assets without donor restrictionsStart of year −$1,597,803−$1,721,053
X-28 Net assets with donor restrictionsStart of year $5,154,105$5,154,105
X-32 Total net assets or fund balancesStart of year $3,556,302$3,433,052
X-33 Total liabilities and net assetsStart of year $3,918,109$3,795,002
Part XI · Reconciliation of net assets $3,433,052 net assets at year end
XI-1 Total revenue$275,541
XI-2 Total expenses$398,791
XI-3 Revenue less expenses−$123,250
XI-4 Net assets at start of year$3,556,302
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,433,052

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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