Wmch Development Corporation FY2021 filing

Tax-deductible

Phoenix, AZ501(c)(3)EIN 74-2354546Revenue $332K in FY2021

On file with the IRS2330 W Mission Ln Ste 10, 85021-2816 · Phoenix, AZTax-exempt since May 1985Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

To provide housing and support services for elderly and handicapped persons.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $34K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$472K
179% of total assets
Concern: liabilities are 179% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$332K
+4% vs prior year
Spent
$302K
To programs
85%
Net assets
−$209K
By yearFY2020–FY2024
Revenue
$332K
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$320K
FY2021$332K
FY2022$333K
FY2023$352K
FY2024$363K
Expenses
$302K
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$291K
FY2021$302K
FY2022$317K
FY2023$313K
FY2024$304K
Net assets
−$209K
FY2021▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020−$240K
FY2021−$209K
FY2022−$194K
FY2023−$155K
FY2024−$96K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1985.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $258K Management & general 15% · $44K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary(thru August)
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Wmch Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and support services for elderly and handicapped individuals.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $258K · in their own filed words · FY2021
01

This organization provided housing to elderly and persons with disabilities through the operation of a 32-UNIT multifamily housing complex in springerville, arizona. In 2021, this organization provided decent, safe, sanitary and affordable housing to 38 residents: 13% between the ages 18-61 (non-elderly people with disabilities), 71%…

$258Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$332K
Ln 12
Fees for servicesLn 2g$328K
Investment incomeLn 3$5K
Money outPt IX
$302K
Ln 25
Programscol B$258K
Managementcol C$44K
Owns and owesPt X
−$209K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$263K
LiabilitiesLn 26$472K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$328K
Investment incomeLn 3$5K
Gains on assetsLn 7$5K
Total revenueLn 12$332K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Land, buildings, equipmentLn 10c$152K
Other assetsLn 15$93K
Total assetsLn 16$263K
LiabilitiesLn 26$472K
Net assetsLn 32−$209K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$14K$14K
Land, buildings, equipmentLn 10c$160K$152K
Total assetsLn 16$278K$263K
LiabilitiesLn 26$517K$472K
Net assetsLn 32−$240K−$209K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$64K$60K$4K
Other employee benefitsLn 9$15K$14K$977
Payroll taxesLn 10$7K$6K$453
Management feesLn 11a$15K$15K
Legal feesLn 11b$599$599
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$11K$11K
Information technologyLn 14$1K$1K
OccupancyLn 16$40K$40K
Conferences, conventions and meetingsLn 19$420$420
InterestLn 20$38K$38K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$55K$55K$799
Total functional expensesLn 25$302K$258K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $363K$304K$59K−$96K 990 PDF
FY2023 $352K$313K$39K−$155K 990 PDF
FY2022 $333K$317K$16K−$194K 990 PDF
FY2021 Viewing $332K$302K$31K−$209K 990 PDF
FY2020 $320K$291K$29K−$240K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $332,447 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $320,381$327,706
I-10 Investment incomePrior year $14$4,741
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $320,395$332,447
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $73,544$85,433
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $217,753$216,503
I-18 Total expensesPrior year $291,297$301,936
I-19 Revenue less expensesPrior year $29,098$30,511
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $332,447 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $327,706$327,706
VIII-3 Investment incomeExcluded from tax $11$11
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,730$4,730
VIII-12 Total revenueRelated to mission $327,706 · Unrelated business $0 · Excluded from tax $4,741$332,447
Part IX · Statement of functional expenses $301,936 across 15 lines filed
IX-7 Other salaries and wagesPrograms $59,700 · Management $4,257$63,957
IX-9 Other employee benefitsPrograms $13,695 · Management $977$14,672
IX-10 Payroll taxesPrograms $6,351 · Management $453$6,804
IX-11a Management feesManagement $15,360$15,360
IX-11b Legal feesManagement $599$599
IX-11c Accounting feesManagement $8,895$8,895
IX-11g Other fees for servicesPrograms $10,073$10,073
IX-13 Office expensesManagement $10,986$10,986
IX-14 Information technologyManagement $1,105$1,105
IX-16 OccupancyPrograms $39,793$39,793
IX-19 Conferences, conventions and meetingsManagement $420$420
IX-20 InterestPrograms $38,325$38,325
IX-22 Depreciation, depletion and amortizationPrograms $29,301$29,301
IX-23 InsurancePrograms $6,275$6,275
IX-24 Other expenses (24a–d)Programs $54,572 · Management $799$55,371
IX-25 Total functional expensesPrograms $258,085 · Management $43,851 · Fundraising $0$301,936
Part X · Balance sheet $263,264 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $13,991$14,391
X-4 Accounts receivableStart of year $2,940$279
X-9 Prepaid expenses and deferred chargesStart of year $2,641$3,461
X-10c Land, buildings and equipment, netStart of year $159,911$152,401
X-15 Other assetsStart of year $98,128$92,732
X-16 Total assetsStart of year $277,611$263,264
X-17 Accounts payable and accrued expensesStart of year $18,376$26,510
X-19 Deferred revenueStart of year $240$158
X-25 Other liabilitiesStart of year $56,097$56,154
X-26 Total liabilitiesStart of year $517,325$472,467
X-27 Net assets without donor restrictionsStart of year −$239,714−$209,203
X-32 Total net assets or fund balancesStart of year −$239,714−$209,203
X-33 Total liabilities and net assetsStart of year $277,611$263,264
Part XI · Reconciliation of net assets −$209,203 net assets at year end
XI-1 Total revenue$332,447
XI-2 Total expenses$301,936
XI-3 Revenue less expenses$30,511
XI-4 Net assets at start of year−$239,714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$209,203

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.