Willowview INC EIN 35-2129471

Willowview INC

EIN  35-2129471 Public charity (501(c)(3)) Columbus, IN
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Provides affordable housing through apartment community ownership and operation.
Leadership
Geoff McKim · Director
Money in and out
$76K revenue, $118K expenses
Bottom line
58% program efficiency

Provides affordable housing through apartment community ownership and operation. For fiscal year 2025 it reported $76K in revenue, $118K in expenses, and $484K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$76K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$484K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$41K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.42
Program efficiency
58%
of spending reaches programs▼ -15% vs prior filing year
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate▼ -29% vs prior filing year
Surplus margin
-54%
revenue over expenses, this year▲ +37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$76K
FY2025▼ -1%
Expenses
$118K
FY2025▼ -18%
Total assets
$534K
FY2025▼ -10%
Total liabilities
$51K
FY2025▼ -25%
Total revenue
$76K
Pt VIII · Ln 12
Total expenses
$118K
Pt IX · Ln 25
Net assets
$484K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$41K
Total assetsPt X · Ln 16$534K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $68K of program spending, described in the organization's own filed words · FY2024.
01

Willowview, inc. Was organized to construct, own and operate a 15 unit apartment community in madison, indiana, known as willowview apartments, pursuant to section 811 of the national affordable housing act, as amended.

$68Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWillowview INC
EINHdr · item D35-2129471
Principal addressHdr · item CColumbus, IN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFJul 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$49K · 65%
Contributions & grants$26K · 34%
Other revenue$727 · 1%
Program service revenue65%$49K
Contributions & grants34%$26K
Other revenue1%$727
Investment income$8
— government grantsLn 1e$26K
Total revenueLn 12$76K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.42
Program services58%$68K
Management & general42%$50K
Total functional expensesLn 25$118K

Balance Sheet

Part X · end of year
CashLn 1$59K
Total assetsLn 16$534K
Total liabilitiesLn 26$51K
Total net assetsLn 32$484K
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $59K · Operating expenses/yr $118K
6.0 months
Where the money goes
Program services
Program services $68K · Total expenses $118K
58%
Management & General
Management & general $50K · Total expenses $118K
42%
Fundraising
Fundraising $0 · Total expenses $118K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $76K
34%
Government reliance
Government grants $26K · Total revenue $76K
34%
Earned-income share
Program service revenue $49K · Total revenue $76K
65%
Investment reliance
Investment income $8 · Total revenue $76K
0%
Program self-sufficiency
Program service revenue $49K · Total expenses $118K
42%
Growth & trend
Revenue growth (YoY)
This year $76K · Prior year $77K
-1%
Revenue CAGR
FY2020 $79K · FY2024 $76K
-1%
Net-asset trend (YoY)
End of year $484K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $76K · Expenses $118K
-54%
Liabilities-to-Assets
Total liabilities — · Total assets $534K
Net-asset ratio
Net assets $484K · Total assets $534K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $534K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Geoff McKim · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $118K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $20K · Total expenses $118K
17%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 42%
Fundraising cost ratio 0%
Revenue growth -1%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$76K revenue · viewing · ⤓ 990 PDF
FY2024$77K revenue · ⤓ 990 PDF
FY2023$79K revenue · ⤓ 990 PDF
FY2022$79K revenue · ⤓ 990 PDF
FY2021$79K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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