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Waterford Dublin Development INC FY2020 filing

Tax-deductible

Smyrna, GA501(c)(3)Since 2009Housing EIN 27-1073302Revenue $495K in FY2020

On file with the IRS2730 Cumberland Blvd Se, 30080-3048 · Smyrna, GATax-exempt since Aug 2011Publicly supported — 509(a)(2)

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To acquire, construct, own and operate a 56-unit rental housing facility for low-income residents known as Waterford Estates located in Dublin, Georgia.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $212K a year · 36% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$495K
Spent
$695K
To programs
100%
Net assets
$6.7M
By yearFY2020–FY2025
Revenue
$495K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$495K
FY2021$483K
FY2022$521K
FY2023$602K
FY2024$638K
FY2025$801K
Expenses
$695K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$695K
FY2021$724K
FY2022$804K
FY2023$980K
FY2024$752K
FY2025$858K
Net assets
$6.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.7M
FY2021$6.4M
FY2022$6.2M
FY2023$5.8M
FY2024$5.7M
FY2025$5.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2011.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $695K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Mark Du Mas
Chairman/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Waterford Dublin Development INC 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 affordable rental housing for low-income residents in Dublin, Georgia.

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Provided by the organization

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1 program · $695K · in their own filed words · FY2020
01

The organization owns and operates a 56 unit rental facility for self-sufficient low-income residents.

$695Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$495K
Ln 12
Fees for servicesLn 2g$494K
Investment incomeLn 3$1K
Money outPt IX
$695K
Ln 25
Programscol B$695K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$791K
Total assetsLn 16$7.8M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$494K
Investment incomeLn 3$1K
Total revenueLn 12$495K
Assets in detailPt X, end of year
CashLn 1$194K
SavingsLn 2$597K
Cash and savings togetherLn 1–2$791K
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$5K
Total assetsLn 16$7.8M
LiabilitiesLn 26$1.2M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY20End FY20
Cash and savingsLn 1–2$712K$791K
Land, buildings, equipmentLn 10c$7.2M$6.9M
Total assetsLn 16$8.0M$7.8M
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32$6.9M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K$2K
InterestLn 20$37K$37K
Depreciation, depletion and amortizationLn 22$311K$311K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$270K$270K
All other expensesLn 24e$46K$46K
Total functional expensesLn 25$695K$695K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $801K$858K−$57K$5.6M 990 PDF
FY2024 $638K$752K−$115K$5.7M 990 PDF
FY2023 $602K$980K−$378K$5.8M 990 PDF
FY2022 $521K$804K−$283K$6.2M 990 PDF
FY2021 $483K$724K−$242K$6.4M 990 PDF
FY2020 Viewing $495K$695K−$200K$6.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $495,386 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $415,632$493,894
I-10 Investment incomePrior year $5,082$1,492
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $420,714$495,386
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 $689,489$695,278
I-18 Total expensesPrior year $689,489$695,278
I-19 Revenue less expensesPrior year −$268,775−$199,892
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $495,386 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $493,894$493,894
VIII-3 Investment incomeExcluded from tax $1,492$1,492
VIII-12 Total revenueRelated to mission $493,894 · Unrelated business $0 · Excluded from tax $1,492$495,386
Part IX · Statement of functional expenses $695,278 across 6 lines filed
IX-12 Advertising and promotionPrograms $1,554$1,554
IX-20 InterestPrograms $37,261$37,261
IX-22 Depreciation, depletion and amortizationPrograms $311,249$311,249
IX-23 InsurancePrograms $29,736$29,736
IX-24 Other expenses (24a–d)Programs $269,508$269,508
IX-24e All other expensesPrograms $45,970$45,970
IX-25 Total functional expensesPrograms $695,278 · Management $0 · Fundraising $0$695,278
Part X · Balance sheet $7,825,577 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $136,141$193,917
X-2 Savings and temporary cash investmentsStart of year $576,238$596,590
X-4 Accounts receivableStart of year $939$21,556
X-10c Land, buildings and equipment, netStart of year $7,158,421$6,874,087
X-14 Intangible assetsStart of year $161,480$134,565
X-15 Other assetsStart of year $0$4,862
X-16 Total assetsStart of year $8,033,219$7,825,577
X-17 Accounts payable and accrued expensesStart of year $4,877$615
X-19 Deferred revenueStart of year $520$102
X-25 Other liabilitiesStart of year $511,895$508,825
X-26 Total liabilitiesStart of year $1,157,934$1,150,184
X-27 Net assets without donor restrictionsStart of year $6,875,285$6,675,393
X-32 Total net assets or fund balancesStart of year $6,875,285$6,675,393
X-33 Total liabilities and net assetsStart of year $8,033,219$7,825,577
Part XI · Reconciliation of net assets $6,675,393 net assets at year end
XI-1 Total revenue$495,386
XI-2 Total expenses$695,278
XI-3 Revenue less expenses−$199,892
XI-4 Net assets at start of year$6,875,285
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,675,393

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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