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Nwc Corporation

Tax-deductible

Columbus, OH501(c)(3)Since 1988HousingEIN 34-1608198Revenue $276K in FY2025

On file with the IRS3021 E Dublin-Granville Rd, 43231-4031 · Columbus, OHTax-exempt since Jun 1990Publicly supported — 509(a)(2)

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Provide subsidized housing for chronically mentally ill low income persons.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 5
filings with a surplus
Average surplus $30K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$358K
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$276K
+7% vs prior year
Spent
$221K
To programs
93%
Net assets
$61K
By yearFY2021–FY2025
Revenue
$276K
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$237K
FY2022$240K
FY2023$242K
FY2024$259K
FY2025$276K
Expenses
$221K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021$209K
FY2022$226K
FY2023$217K
FY2024$232K
FY2025$221K
Net assets
$61K
FY2025▲ +564%
Tap a bar for its year
Net assets by fiscal year
FY2021−$58K
FY2022−$44K
FY2023−$19K
FY2024$9K
FY2025$61K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1990.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $205K Management & general 7% · $16K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
William a Harvey
V. President
$0Pt VII · Sec A
Peggy Young
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nwc 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 affordable housing to low-income individuals with chronic mental illness.

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Provided by the organization

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1 program · $205K · in their own filed words · FY2024
01

NWC corp. Owns & operates a 20 unit apt. Complex for chronically mentally ill adults under sec. 202 of the nat'l housing act. The project is regulated by hud as to rent charges & operating expenses.

$205Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
The Vogel FoundationFY2024$28K
Total grants receivedfrom 1 funder$28K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$276K
Ln 12
Gifts and grantsLn 1h$174K
Fees for servicesLn 2g$102K
Investment incomeLn 3$1K
Money outPt IX
$221K
Ln 25
Programscol B$205K
Managementcol C$16K
Owns and owesPt X
$61K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$419K
LiabilitiesLn 26$358K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$174K
Government grantsLn 1e$174K
Fees for servicesLn 2g$102K
Investment incomeLn 3$1K
Total revenueLn 12$276K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Land, buildings, equipmentLn 10c$188K
Other assetsLn 15$181K
Total assetsLn 16$419K
LiabilitiesLn 26$358K
Net assetsLn 32$61K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$15K$20K
Land, buildings, equipmentLn 10c$196K$188K
Total assetsLn 16$412K$419K
LiabilitiesLn 26$403K$358K
Net assetsLn 32$9K$61K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$10K$10K
Legal feesLn 11b$288$288
Office expensesLn 13$2K$2K
OccupancyLn 16$40K$40K
InterestLn 20$29K$29K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$101K$94K$6K
Total functional expensesLn 25$221K$205K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $276K$221K$55K$61K 990 PDF
FY2024 $259K$232K$28K$9K 990 PDF
FY2023 $242K$217K$26K−$19K 990 PDF
FY2022 $240K$226K$14K−$44K 990 PDF
FY2021 $237K$209K$28K−$58K 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 FY2025 990 (6 parts)
Part I · Summary $276,230 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $132,785$173,692
I-9 Program service revenuePrior year $87,576$101,515
I-10 Investment incomePrior year $1,152$1,023
I-11 Other revenuePrior year $37,843$0
I-12 Total revenuePrior year $259,356$276,230
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 $231,695$220,870
I-18 Total expensesPrior year $231,695$220,870
I-19 Revenue less expensesPrior year $27,661$55,360
Part VI · Governance 2 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $276,230 across 5 lines filed
VIII-1e Government grants$173,692
VIII-1h Total contributions, gifts and grants$173,692
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,515$101,515
VIII-3 Investment incomeExcluded from tax $1,023$1,023
VIII-12 Total revenueRelated to mission $101,515 · Unrelated business $0 · Excluded from tax $1,023$276,230
Part IX · Statement of functional expenses $220,870 across 8 lines filed
IX-11a Management feesManagement $9,631$9,631
IX-11b Legal feesPrograms $288$288
IX-13 Office expensesPrograms $1,504$1,504
IX-16 OccupancyPrograms $39,595$39,595
IX-20 InterestPrograms $29,404$29,404
IX-22 Depreciation, depletion and amortizationPrograms $24,908$24,908
IX-23 InsurancePrograms $14,659$14,659
IX-24 Other expenses (24a–d)Programs $94,430 · Management $6,451$100,881
IX-25 Total functional expensesPrograms $204,788 · Management $16,082 · Fundraising $0$220,870
Part X · Balance sheet $419,042 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $15,129$20,074
X-4 Accounts receivableStart of year $6,506$19,513
X-9 Prepaid expenses and deferred chargesStart of year $9,990$10,620
X-10c Land, buildings and equipment, netStart of year $196,332$188,212
X-15 Other assetsStart of year $184,093$180,623
X-16 Total assetsStart of year $412,050$419,042
X-17 Accounts payable and accrued expensesStart of year $12,602$12,942
X-19 Deferred revenueStart of year $1,231$619
X-25 Other liabilitiesStart of year $16,388$8,793
X-26 Total liabilitiesStart of year $402,902$358,300
X-27 Net assets without donor restrictionsStart of year $9,148$60,742
X-32 Total net assets or fund balancesStart of year $9,148$60,742
X-33 Total liabilities and net assetsStart of year $412,050$419,042
Part XI · Reconciliation of net assets $60,742 net assets at year end
XI-1 Total revenue$276,230
XI-2 Total expenses$220,870
XI-3 Revenue less expenses$55,360
XI-4 Net assets at start of year$9,148
XI-8 Prior period adjustments−$3,766
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$60,742

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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