Willowview INC EIN 35-2129471

Willowview INC FY2021 filing

EIN  35-2129471 Public charity (501(c)(3)) Columbus, IN
Form 990 (PDF)
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Size
<$100K
What they do
Provides affordable housing through apartment community ownership and operation.
Leadership
David Carrico · Director
Money in and out
$79K revenue, $91K expenses
Bottom line
66% program efficiency

Provides affordable housing through apartment community ownership and operation. For fiscal year 2021 it reported $79K in revenue, $91K in expenses, and $631K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$79K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$631K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.34
Program efficiency
66%
of spending reaches programs
Operating runway
12.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$79K
FY2021
Expenses
$91K
FY2021
Total assets
$649K
FY2021
Total liabilities
$18K
FY2021
Total revenue
$79K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$631K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$649K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $60K of program spending, described in the organization's own filed words · FY2020.
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.

$60Kprogram 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 1a6
Independent voting membersPt VI · Ln 1b6
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 (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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$51K · 64%
Contributions & grants$27K · 34%
Other revenue$1K · 2%
Program service revenue64%$51K
Contributions & grants34%$27K
Other revenue2%$1K
Investment income$7
— government grantsLn 1e$27K
Total revenueLn 12$79K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.34
Program services66%$60K
Management & general34%$31K
Total functional expensesLn 25$91K

Balance Sheet

Part X · end of year
CashLn 1$94K
Total assetsLn 16$649K
Total liabilitiesLn 26$18K
Total net assetsLn 32$631K
Months of cash on handcomputed12.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $94K · Operating expenses/yr $91K
12.3 months
Where the money goes
Program services
Program services $60K · Total expenses $91K
66%
Management & General
Management & general $31K · Total expenses $91K
34%
Fundraising
Fundraising $0 · Total expenses $91K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $79K
34%
Government reliance
Government grants $27K · Total revenue $79K
34%
Earned-income share
Program service revenue $51K · Total revenue $79K
64%
Investment reliance
Investment income $7 · Total revenue $79K
0%
Program self-sufficiency
Program service revenue $51K · Total expenses $91K
55%
Growth & trend
Revenue growth (YoY)
This year $79K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $631K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $79K · Expenses $91K
-16%
Liabilities-to-Assets
Total liabilities — · Total assets $649K
Net-asset ratio
Net assets $631K · Total assets $649K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $649K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Carrico · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $91K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11K · Total expenses $91K
12%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 34%
Fundraising cost ratio 0%
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 · ⤓ 990 PDF
FY2024$77K revenue · ⤓ 990 PDF
FY2023$79K revenue · ⤓ 990 PDF
FY2022$79K revenue · ⤓ 990 PDF
FY2021$79K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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