Warren County Development Corporation EIN 47-5630568

Warren County Development Corporation

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Develops and finances affordable housing, providing support services for low-income families. For fiscal year 2025 it reported $245K in revenue, $252K in expenses, and $5.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
McMinnville, TN
Filings
6 on file (2020–2025)
Revenue
$245KFY2025
Expenses
$252K
Net assets
$5.4M
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  47-5630568 Public charity (501(c)(3)) McMinnville, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops and finances affordable housing, providing support services for low-income families.
Leadership
Tommy Savage · Chairman
Money in and out
$245K revenue, $252K expenses
Bottom line
80% program efficiency
Where the money goes · FY2025
Total revenue
$245K
Pt VIII · Ln 12
Total expenses
$252K
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs>-0.01% vs prior filing year
Operating runway
126.6mo
months of highly liquid reserves at operating expense rate▼ -38% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -108% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$245K
FY2025▲ +4%
Expenses
$252K
FY2025▲ +67%
Total assets
$5.5M
FY2025▲ +0.6%
Total liabilities
$12K
FY2025▼ -7%
Total revenue
$245K
Pt VIII · Ln 12
Total expenses
$252K
Pt IX · Ln 25
Net assets
$5.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$5.5M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $202K of program spending, described in the organization's own filed words · FY2025.
01

The organization purchased 22 acres of land in 2016 to start our mission of providing affordable housing.

$202Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWarren County Development Corporation
EINHdr · item D47-5630568
Principal addressHdr · item CMcMinnville, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFJul 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Warren County Development Corporation executive salaries →

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Statement of Revenue

Part VIII
Investment income$126K · 51%
Contributions & grants$72K · 29%
Program service revenue$47K · 19%
Investment income51%$126K
Contributions & grants29%$72K
Program service revenue19%$47K
Total revenueLn 12$245K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$202K
Management & general20%$50K
Total functional expensesLn 25$252K

Balance Sheet

Part X · end of year
CashLn 1$247K
Total assetsLn 16$5.5M
Total liabilitiesLn 26$12K
Total net assetsLn 32$5.4M
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses/yr $252K
126.6 months
Where the money goes
Program services
Program services $202K · Total expenses $252K
80%
Management & General
Management & general $50K · Total expenses $252K
20%
Fundraising
Fundraising $0 · Total expenses $252K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $71K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $72K · Total revenue $245K
29%
Government reliance
Government grants — · Total revenue $245K
Earned-income share
Program service revenue $47K · Total revenue $245K
19%
Investment reliance
Investment income $126K · Total revenue $245K
+51%
Program self-sufficiency
Program service revenue $47K · Total expenses $252K
19%
Growth & trend
Revenue growth (YoY)
This year $245K · Prior year $236K
+4%
Revenue CAGR
FY2020 $140K · FY2025 $245K
+12%
Net-asset trend (YoY)
End of year $5.4M · Beginning of year $5.4M
+0.6%
Balance sheet
Surplus Margin
Revenue $245K · Expenses $252K
-3%
Liabilities-to-Assets
Total liabilities $12K · Total assets $5.5M
0.2%
Net-asset ratio
Net assets $5.4M · Total assets $5.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $2.4M · Total assets (Pt X, ln 16) $5.5M
44%
People & payroll
Highest Reported Total Compensation
Individual Tommy Savage · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $252K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $252K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 4%
Accounting fee ratio 2%

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.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$8K

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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)$245K revenue · viewing · ⤓ 990 PDF
FY2024$236K revenue · ⤓ 990 PDF
FY2023$188K revenue · ⤓ 990 PDF
FY2022$220K revenue · ⤓ 990 PDF
FY2021$591K revenue · ⤓ 990 PDF
FY2020$140K 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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