Willo Housing Corporation

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The organization provides independent living opportunities for elderly or handicapped individuals through the construction of and management of hud subsidized projects.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $16K a year · 14% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$690K
209% of total assets
Concern: liabilities are 209% of assets; over 80%.
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
$120K
+8% vs prior year
Spent
$147K
To programs
89%
Net assets
−$360K
By yearFY2020–FY2024
Revenue
$120K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$138K
FY2021$98K
FY2022$102K
FY2023$111K
FY2024$120K
Expenses
$147K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$128K
FY2021$127K
FY2022$120K
FY2023$130K
FY2024$147K
Net assets
−$360K
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$267K
FY2021−$296K
FY2022−$314K
FY2023−$333K
FY2024−$360K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1988.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $131K Management & general 11% · $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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Willo Housing 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages housing for elderly or disabled individuals.

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Provided by the organization

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1 program · $131K · in their own filed words · FY2024
01

The operation of a nonprofit 13 unit housing complex for the handicapped or elderly located in oshkosh, wi. The project is operated under a hud agreement.

$131Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$120K
Ln 12
Fees for servicesLn 2g$107K
Other incomeLn 4–11$12K
Investment incomeLn 3$956
Money outPt IX
$147K
Ln 25
Programscol B$131K
Managementcol C$16K
Owns and owesPt X
−$360K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$330K
LiabilitiesLn 26$690K
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$107K
Investment incomeLn 3$956
Other incomeLn 4–11$12K
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$66K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$237K
Total assetsLn 16$330K
LiabilitiesLn 26$690K
Net assetsLn 32−$360K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$64K$69K
Land, buildings, equipmentLn 10c$263K$237K
Total assetsLn 16$361K$330K
LiabilitiesLn 26$693K$690K
Net assetsLn 32−$333K−$360K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$19K$13K$6K
Pension plan contributionsLn 8$379$379
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$8K$8K
Accounting feesLn 11c$2K$963$1K
Office expensesLn 13$6K$6K
OccupancyLn 16$45K$45K
Conferences, conventions and meetingsLn 19$259$259
InterestLn 20$24K$24K
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$5K$4K$639
Total functional expensesLn 25$147K$131K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 14, 2025 $120K$147K−$27K−$360K 990 PDF
FY2023Filed with the IRS Feb 17, 2025 $111K$130K−$18K−$333K 990 PDF
FY2022Filed with the IRS Apr 24, 2023 $102K$120K−$18K−$314K 990 PDF
FY2021Filed with the IRS Jun 29, 2022 $98K$127K−$29K−$296K 990 PDF
FY2020Filed with the IRS May 10, 2021 $138K$128K$10K−$267K 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 FY2024 990 (6 parts)
Part I · Summary $119,696 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $108,464$106,533
I-10 Investment incomePrior year $812$956
I-11 Other revenuePrior year $2,031$12,207
I-12 Total revenuePrior year $111,307$119,696
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 $19,136$22,867
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,597$123,985
I-18 Total expensesPrior year $129,733$146,852
I-19 Revenue less expensesPrior year −$18,426−$27,156
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $119,696 across 3 lines filed
Lines not itemized here account for $12,207 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,533$106,533
VIII-3 Investment incomeExcluded from tax $956$956
VIII-12 Total revenueRelated to mission $118,740 · Unrelated business $0 · Excluded from tax $956$119,696
Part IX · Statement of functional expenses $146,852 across 13 lines filed
IX-7 Other salaries and wagesPrograms $12,601 · Management $6,336$18,937
IX-8 Pension plan contributionsPrograms $379$379
IX-9 Other employee benefitsPrograms $2,256$2,256
IX-10 Payroll taxesPrograms $1,295$1,295
IX-11a Management feesManagement $7,901$7,901
IX-11c Accounting feesPrograms $963 · Management $1,440$2,403
IX-13 Office expensesPrograms $5,998$5,998
IX-16 OccupancyPrograms $44,769$44,769
IX-19 Conferences, conventions and meetingsPrograms $259$259
IX-20 InterestPrograms $23,950$23,950
IX-22 Depreciation, depletion and amortizationPrograms $27,801$27,801
IX-23 InsurancePrograms $6,021$6,021
IX-24 Other expenses (24a–d)Programs $4,244 · Management $639$4,883
IX-25 Total functional expensesPrograms $130,536 · Management $16,316 · Fundraising $0$146,852
Part X · Balance sheet $330,005 assets, 12 lines filed
Asset lines not itemized here account for $19,014; see the IRS return.
X-1 Cash, non-interest-bearingStart of year −$846$2,576
X-2 Savings and temporary cash investmentsStart of year $65,335$66,213
X-4 Accounts receivableStart of year $7,896$3,670
X-9 Prepaid expenses and deferred chargesStart of year $4,943$1,765
X-10c Land, buildings and equipment, netStart of year $262,965$236,767
X-16 Total assetsStart of year $360,910$330,005
X-17 Accounts payable and accrued expensesStart of year $33,204$42,656
X-19 Deferred revenueStart of year $12,228$336
X-26 Total liabilitiesStart of year $693,489$689,740
X-27 Net assets without donor restrictionsStart of year −$332,579−$359,735
X-32 Total net assets or fund balancesStart of year −$332,579−$359,735
X-33 Total liabilities and net assetsStart of year $360,910$330,005
Part XI · Reconciliation of net assets −$359,735 net assets at year end
XI-1 Total revenue$119,696
XI-2 Total expenses$146,852
XI-3 Revenue less expenses−$27,156
XI-4 Net assets at start of year−$332,579
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$359,735

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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