Webb Park INC EIN 64-0894048 Form 990 (PDF) Claim this org

Webb Park INC FY2023 filing

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Provides housing for disabled individuals through federal programs. For fiscal year 2023 it reported $162K in revenue, $241K in expenses, and $986K in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Biloxi, MS
Filings
4 on file (2021–2023)
Revenue
$162KFY2023
Expenses
$241K
Net assets
$986K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  64-0894048 Public charity (501(c)(3)) Biloxi, MS
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Provides housing for disabled individuals through federal programs.
Leadership
Tony Nettles · President
Money in and out
$162K revenue, $241K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$986K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$78K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-48%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$162K
FY2023-0.10%
Expenses
$241K
FY2023▼ -14%
Total assets
$1.1M
FY2023▲ +5%
Total liabilities
$150K
FY2023▲ +307%
Total revenue
$162K
Pt VIII · Ln 12
Total expenses
$241K
Pt IX · Ln 25
Net assets
$986K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$78K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B100%
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 $241K of program spending, described in the organization's own filed words · FY2022.
01

The organization owns an 18-UNIT apartment building, which serves as a rental housing project for low-income, physically handicapped persons, who qualify under section 811 of the affordable housing act.

$241Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWebb Park INC
EINHdr · item D64-0894048
Principal addressHdr · item CBiloxi, 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 (L20)
Ruling yearIRS BMFMar 1999

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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Vice-Pres & Sec
$0Pt VII · Sec A
Vice-Pres & Treas
$0Pt VII · Sec A
Secretary of Housing
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$158K · 97%
Investment income$5K · 3%
Program service revenue97%$158K
Investment income3%$5K
Total revenueLn 12$162K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$241K
Total functional expensesLn 25$241K

Balance Sheet

Part X · end of year
CashLn 1$733
Total assetsLn 16$1.1M
Total liabilitiesLn 26$150K
Total net assetsLn 32$986K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $733 · Operating expenses/yr $241K
0.0 months
Where the money goes
Program services
Program services $241K · Total expenses $241K
100%
Management & General
Management & general $0 · Total expenses $241K
0%
Fundraising
Fundraising $0 · Total expenses $241K
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 $162K
0%
Government reliance
Government grants — · Total revenue $162K
Earned-income share
Program service revenue $158K · Total revenue $162K
97%
Investment reliance
Investment income $5K · Total revenue $162K
+3%
Program self-sufficiency
Program service revenue $158K · Total expenses $241K
66%
Growth & trend
Revenue growth (YoY)
This year $162K · Prior year $163K
-0.10%
Net-asset trend (YoY)
End of year $986K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $162K · Expenses $241K
-48%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $986K · Total assets $1.1M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tony Nettles · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $241K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $241K
9%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth -0.10%
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.

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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)$238K revenue · ⤓ 990 PDF
FY2024not on file
FY2023$162K revenue · viewing · ⤓ 990 PDF
FY2022$163K revenue · ⤓ 990 PDF
FY2021$167K 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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