Will Wood V

Tax-deductible

Metairie, LA501(c)(3)HousingEIN 72-1306742

The organization was created to develop and provide housing projects for low income individuals and families.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $25K a year · 8% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$650K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 24 voting members
Looks good: 23 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$285K
-33% vs prior year
Spent
$368K
To programs
97%
Net assets
$765K
By yearFY2020–FY2025
Revenue
$285K
FY2025▼ -33%
Revenue by fiscal year
FY2020$254K
FY2021$260K
FY2022$375K
FY2023$284K
FY2024$428K
FY2025$285K
Expenses
$368K
FY2025▼ -0.5%
Expenses by fiscal year
FY2020$252K
FY2021$275K
FY2022$451K
FY2023$323K
FY2024$369K
FY2025$368K
Net assets
$765K
FY2025▼ -10%
Net assets by fiscal year
FY2020$920K
FY2021$904K
FY2022$828K
FY2023$789K
FY2024$848K
FY2025$765K

From the FY2025 Form 990 (year ending July 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1996.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $355K Management & general 3% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Will Wood V 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and provides housing projects for low-income individuals and families.

Provided by the organization

This section is blank until Will Wood V claims this page.

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1 program service account for $355K of program spending, described in the organization's own filed words · FY2024.
01

Housing for low income,elderly & handicapped persons

$355Kprogram expense

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$285K
Ln 12
Fees for servicesLn 2g$257K
Gifts and grantsLn 1h$25K
Investment incomeLn 3$2K
Money outPt IX
$368K
Ln 25
Programscol B$355K
Managementcol C$12K
Owns and owesPt X
$765K
net assets · Ln 32
Cash and savingsLn 1–2$415K
Total assetsLn 16$1.4M
LiabilitiesLn 26$650K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Government grantsLn 1e$25K
Fees for servicesLn 2g$257K
Investment incomeLn 3$2K
Gains on assetsLn 7$0
Total revenueLn 12$285K
Assets in detailPt X, end of year
CashLn 1$193K
SavingsLn 2$222K
Cash and savings togetherLn 1–2$415K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$514K
Other assetsLn 15$750
Total assetsLn 16$1.4M
LiabilitiesLn 26$650K
Net assetsLn 32$765K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$488K$415K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$573K$514K
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$694K$650K
Net assetsLn 32$848K$765K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$17K$17K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$10K$3K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$4K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$30K$30K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$14K$14K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$90K$90K
InsuranceLn 23$45K$45K
Other expenses (24a–d)Ln 24$142K$142K
All other expensesLn 24e$12K$10K$2K
Total functional expensesLn 25$368K$355K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $285K$368K−$83K$765K 990 PDF
FY2024 $428K$369K$58K$848K 990 PDF
FY2023 $284K$323K−$39K$789K 990 PDF
FY2022 $375K$451K−$76K$828K 990 PDF
FY2021 $260K$275K−$15K$904K 990 PDF
FY2020 $254K$252K$2K$920K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $284,981 across 9 lines filed
VIII-1e Government grants$25,239
VIII-1h Total contributions, gifts and grants$25,239
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $257,255$257,255
VIII-3 Investment incomeExcluded from tax $2,487$2,487
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $257,255 · Excluded from tax $2,487$284,981
Part IX · Statement of functional expenses $367,554 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $16,563$16,563
IX-11b Legal feesManagement $2,996$2,996
IX-11c Accounting feesPrograms $2,548 · Management $7,150$9,698
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $4,336$4,336
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $29,884$29,884
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $14,428$14,428
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $90,225$90,225
IX-23 InsurancePrograms $45,435$45,435
IX-24 Other expenses (24a–d)Programs $141,865$141,865
IX-24e All other expensesPrograms $9,894 · Management $2,230$12,124
IX-25 Total functional expensesPrograms $355,178 · Management $12,376 · Fundraising $0$367,554
Part X · Balance sheet $1,414,726 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $279,144$192,959
X-2 Savings and temporary cash investmentsStart of year $208,622$221,555
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $450,710$450,858
X-8 Inventories for sale or use$3,419
X-9 Prepaid expenses and deferred chargesStart of year $29,867$31,336
X-10c Land, buildings and equipment, netStart of year $572,906$513,849
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $750$750
X-16 Total assetsStart of year $1,541,999$1,414,726
X-17 Accounts payable and accrued expensesStart of year $259,278$240,151
X-19 Deferred revenueStart of year $1,018$1,451
X-25 Other liabilitiesStart of year $434,187$408,181
X-26 Total liabilitiesStart of year $694,483$649,783
X-27 Net assets without donor restrictionsStart of year $847,516$764,943
X-32 Total net assets or fund balancesStart of year $847,516$764,943
X-33 Total liabilities and net assetsStart of year $1,541,999$1,414,726
Part XI · Reconciliation of net assets $764,943 net assets at year end
XI-1 Total revenue$284,981
XI-2 Total expenses$367,554
XI-3 Revenue less expenses−$82,573
XI-4 Net assets at start of year$847,516
XI-10 Net assets at end of year$764,943

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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