Wpha Development INC EIN 46-2598158

Wpha Development INC

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Develops and supports affordable housing for low-income individuals and families. For fiscal year 2023 it reported $10K in revenue, $370 in expenses, and $705K in net assets.Pt I

Type
Supporting organization · Housing
Location
West Point, MS
Filings
3 on file (2021–2023)
Revenue
$10KFY2023
Expenses
$370
Net assets
$705K
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  46-2598158 Supporting organization West Point, MS
Form 990 (PDF)
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Size
<$100K
What they do
Develops and supports affordable housing for low-income individuals and families.
Leadership
Alecia Randle · Member
Money in and out
$10K revenue, $370 expenses
Bottom line
+96% net inflow
Money in and out · FY2023
Total revenue
$10K
Pt VIII · Ln 12
Total expenses
$370
Pt IX · Ln 25
Net assets
$705K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Management & general $1.00
Net inflow
+96%
revenue over expenses, this year▲ +135% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
0%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$10K
FY2023▲ ×44
Expenses
$370
FY2023▼ -55%
Total assets
$705K
FY2023▲ +1%
Total liabilities
$0
FY2023
Total revenue
$10K
Pt VIII · Ln 12
Total expenses
$370
Pt IX · Ln 25
Net assets
$705K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$705K
Program-expense ratioPt IX · col B0%
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, described in the organization's own filed words · FY2022.
01

Assist the public housing authority of west point mississippi in its mission to provide safe and sanitary dwellings, apartments, or other living accomodations for persons of low and very low income.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWpha Development INC
EINHdr · item D46-2598158
Principal addressHdr · item CWest Point, MS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFSep 2014

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 (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chairpe
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$10K · 98%
Investment income$176 · 2%
Program service revenue98%$10K
Investment income2%$176
Total revenueLn 12$10K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$370
Total functional expensesLn 25$370

Balance Sheet

Part X · end of year
CashLn 1$705K
Total assetsLn 16$705K
Total liabilitiesLn 26$0
Total net assetsLn 32$705K
Months of cash on handcomputed22857.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $705K · Operating expenses/yr $370
22857.6 months
Where the money goes
Program services
Program services $0 · Total expenses $370
0%
Management & General
Management & general $370 · Total expenses $370
100%
Fundraising
Fundraising $0 · Total expenses $370
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 $0 · Total revenue $10K
0%
Government reliance
Government grants — · Total revenue $10K
Earned-income share
Program service revenue $10K · Total revenue $10K
98%
Investment reliance
Investment income $176 · Total revenue $10K
+2%
Program self-sufficiency
Program service revenue $10K · Total expenses $370
×27
Growth & trend
Revenue growth (YoY)
This year $10K · Prior year $221
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $705K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10K · Expenses $370
+96%
Liabilities-to-Assets
Total liabilities — · Total assets $705K
Net-asset ratio
Net assets $705K · Total assets $705K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $705K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alecia Randle · Reported title MEMBER · Highest reported compensation $0 · Total expenses $370
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $370
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Revenue growth ×44

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
FY2023 (Latest)$10K revenue · viewing · ⤓ 990 PDF
FY2022$221 revenue · ⤓ 990 PDF
FY2021$2K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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