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Washnew Development Corporation

Columbus, OHUnknown exempt organizationEIN 31-1278456Revenue $607K in FY2020

On file with the IRS3409 E Broad Street · Columbus, OH

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To provide elderly 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.

86¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$607K
Spent
$159K
To programs
86%
Net assets
$0

From the FY2020 Form 990 (year ending April 2020) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $137K Management & general 14% · $22K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Daniel L Hunt
President
$0Pt VII · Sec A
Fred Booker
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Luevoka Powe
Recorder
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Washnew Development Corporation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers 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 · $137K · in their own filed words · FY2019
01

Provides housing for elderly and low-income individuals with mobility disabilities. Operates a 20-UNIT apartment community under section 202 of national housing act of 1959; as amended.

$137Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$607K
Ln 12
Investment incomeLn 3$439K
Gifts and grantsLn 1h$114K
Fees for servicesLn 2g$47K
Money outPt IX
$159K
Ln 25
Programscol B$137K
Managementcol C$22K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$114K
Government grantsLn 1e$114K
Fees for servicesLn 2g$47K
Investment incomeLn 3$439K
Other incomeLn 4–11$6K
Gains on assetsLn 7$438K
Total revenueLn 12$607K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$268K$0
Total assetsLn 16$303K$0
LiabilitiesLn 26$751K$0
Net assetsLn 32−$447K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$2K$2K
OccupancyLn 16$27K$27K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$73K$51K$22K
Total functional expensesLn 25$159K$137K$22K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $607K$159K$447K$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $606,714 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,201$114,485
I-9 Program service revenuePrior year $50,680$47,259
I-10 Investment incomePrior year $141$438,571
I-11 Other revenuePrior year $4,635$6,399
I-12 Total revenuePrior year $188,657$606,714
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 $8,336$0
I-16a Professional fundraising feesPrior year $25,411$0
I-17 Other expensesPrior year $196,185$159,288
I-18 Total expensesPrior year $229,932$159,288
I-19 Revenue less expensesPrior year −$41,275$447,426
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $606,714 across 7 lines filed
VIII-1e Government grants$114,485
VIII-1h Total contributions, gifts and grants$114,485
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,259$47,259
VIII-3 Investment incomeExcluded from tax $72$72
VIII-7 Net gain or loss on sales of assetsRelated to mission $438,499$438,499
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,399$6,399
VIII-12 Total revenueRelated to mission $492,157 · Unrelated business $0 · Excluded from tax $72$606,714
Part IX · Statement of functional expenses $159,288 across 6 lines filed
IX-13 Office expensesPrograms $2,330$2,330
IX-16 OccupancyPrograms $26,599$26,599
IX-20 InterestPrograms $32,778$32,778
IX-22 Depreciation, depletion and amortizationPrograms $17,990$17,990
IX-23 InsurancePrograms $6,186$6,186
IX-24 Other expenses (24a–d)Programs $51,241 · Management $22,164$73,405
IX-25 Total functional expensesPrograms $137,124 · Management $22,164 · Fundraising $0$159,288
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,485$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $123$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,642$0
X-10c Land, buildings and equipment, netStart of year $268,353$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $30,474$0
X-16 Total assetsStart of year $303,077$0
X-25 Other liabilitiesStart of year $87,525$0
X-26 Total liabilitiesStart of year $750,503$0
X-27 Net assets without donor restrictionsStart of year −$447,426$0
X-32 Total net assets or fund balancesStart of year −$447,426$0
X-33 Total liabilities and net assetsStart of year $303,077$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$606,714
XI-2 Total expenses$159,288
XI-3 Revenue less expenses$447,426
XI-4 Net assets at start of year−$447,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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