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Will Wood V

Metairie, LA · Public charity (501(c)(3)) · Housing

✓ Tax-deductible
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

Form 990 (PDF) Claim this org

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CWill Wood V
EINHdr · item D72-1306742
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1996
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMetairie, LA
NTEE classificationIRS BMFHousing (L20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$355K
Management & general3%$12K
Total functional expensesLn 25$368K

Financial health

Is it on solid ground?

Program efficiency
97%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
13.5mo
months of highly liquid reserves at operating expense rate▼ -15% vs prior filing year
Surplus margin
-29%
revenue over expenses, this year▼ -312% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$1.4M
FY2025▼ -8%
Total assets by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.8M
FY2023$1.6M
FY2024$1.5M
FY2025$1.4M
Total liabilities
$650K
FY2025▼ -6%
Total liabilities by fiscal year
FY2020$543K
FY2021$512K
FY2022$948K
FY2023$859K
FY2024$694K
FY2025$650K
Revenue less expensesPt I · Ln 19−$83K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 423

Balance Sheet

Part X · end of year
CashLn 1$415K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$650K
Total net assetsLn 32$765K
Months of cash on handcomputed13.5

Statement of Revenue

Part VIII
Program service revenue$257K · 90%
Contributions & grants$25K · 9%
Investment income$2K · 1%
Program service revenue90%$257K
Contributions & grants9%$25K
Investment income1%$2K
— government grantsLn 1e$25K
Total revenueLn 12$285K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $415K · Operating expenses/yr $368K
13.5 months
Where the money goes
Program services
Program services $355K · Total expenses $368K
97%
Management & General
Management & general $12K · Total expenses $368K
3%
Fundraising
Fundraising $0 · Total expenses $368K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $333
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $285K
9%
Government reliance
Government grants $25K · Total revenue $285K
9%
Earned-income share
Program service revenue $257K · Total revenue $285K
90%
Investment reliance
Investment income $2K · Total revenue $285K
+0.9%
Program self-sufficiency
Program service revenue $257K · Total expenses $368K
70%
Growth & trend
Revenue growth (YoY)
This year $285K · Prior year $428K
-33%
Revenue CAGR
FY2019 $254K · FY2024 $285K
+2%
Net-asset trend (YoY)
End of year $765K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $285K · Expenses $368K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $765K · Total assets $1.4M
54%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Wayne Mayeux · Reported title Vice President · Highest reported compensation $0 · Total expenses $368K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $368K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth -33%——
Investment management fee ratio 0%——
Legal fee ratio 0.8%——
Accounting fee ratio 3%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Wayne Mayeux
Vice President
$0Pt VII · Sec A
Ron Yager
President
$0Pt VII · Sec A
Tammy Cardinale
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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Governance & Policies

Part VI
  • 24Voting board membersPt VI · Ln 1a
  • 23Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

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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Mission & Programs · Part III

Where the work happens

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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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $285K$368K-33% 990 PDF
FY2024 $428K$369K+51% 990 PDF
FY2023 $284K$323K-24% 990 PDF
FY2022 $375K$451K+44% 990 PDF
FY2021 $260K$275K+2% 990 PDF
FY2020 $254K$252K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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