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

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$349K
180% of total assets
Concern: liabilities are 180% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$352K
+6% vs prior year
Spent
$313K
To programs
83%
Net assets
−$155K
By yearFY2020–FY2024
Revenue
$352K
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$320K
FY2021$332K
FY2022$333K
FY2023$352K
FY2024$363K
Expenses
$313K
FY2023▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$291K
FY2021$302K
FY2022$317K
FY2023$313K
FY2024$304K
Net assets
−$155K
FY2023▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020−$240K
FY2021−$209K
FY2022−$194K
FY2023−$155K
FY2024−$96K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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

83 cents of each dollar spent went to programs.

Program services 83% · $259K Management & general 17% · $54K

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

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President (thru 10/23)
$0Pt VII · Sec A
Vice President (thru 9/23)
$0Pt VII · Sec A
Treasurer (thru 10/23)
$0Pt VII · Sec A
Secretary (thru 02/23)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (thru 11/23)
$0Pt VII · Sec A
Director (thru 10/23)
$0Pt VII · Sec A
Vice President (from 9/23)
$0Pt VII · Sec A
See Wmch Development Corporation 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 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.

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Your first name shows with your question. Wmch Development Corporation answers here, for everyone.

Provided by the organization

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1 program · $259K · in their own filed words · FY2023
01

This organization provided affordable housing to elderly and persons with disabilities through the operation of a 32-UNIT multifamily housing complex in springerville, arizona. In 2023, this organization provided decent and safe housing to 36 residents: 6% between the ages 18-61 (non-elderly people with disabilities), 86% between the…

$259Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$352K
Ln 12
Fees for servicesLn 2g$351K
Investment incomeLn 3$761
Money outPt IX
$313K
Ln 25
Programscol B$259K
Managementcol C$54K
Owns and owesPt X
−$155K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$194K
LiabilitiesLn 26$349K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$351K
Investment incomeLn 3$761
Total revenueLn 12$352K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$96K
Other assetsLn 15$87K
Total assetsLn 16$194K
LiabilitiesLn 26$349K
Net assetsLn 32−$155K
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 FY23End FY23
Cash and savingsLn 1–2$4K$7K
Land, buildings, equipmentLn 10c$123K$96K
Total assetsLn 16$219K$194K
LiabilitiesLn 26$412K$349K
Net assetsLn 32−$194K−$155K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$76K$72K$5K
Other employee benefitsLn 9$19K$18K$1K
Payroll taxesLn 10$8K$7K$456
Management feesLn 11a$15K$15K
Legal feesLn 11b$452$452
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$11K$11K
Information technologyLn 14$2K$2K
OccupancyLn 16$55K$55K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$37K$37K
Total functional expensesLn 25$313K$259K$54K$0

Filing history

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

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $351,655 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $333,188$350,894
I-10 Investment incomePrior year −$598$761
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $332,590$351,655
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 $94,624$103,274
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $222,382$209,774
I-18 Total expensesPrior year $317,006$313,048
I-19 Revenue less expensesPrior year $15,584$38,607
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $351,655 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $350,894$350,894
VIII-3 Investment incomeExcluded from tax $761$761
VIII-12 Total revenueRelated to mission $350,894 · Unrelated business $0 · Excluded from tax $761$351,655
Part IX · Statement of functional expenses $313,048 across 16 lines filed
IX-7 Other salaries and wagesPrograms $71,935 · Management $4,537$76,472
IX-9 Other employee benefitsPrograms $17,981 · Management $1,134$19,115
IX-10 Payroll taxesPrograms $7,231 · Management $456$7,687
IX-11a Management feesManagement $15,360$15,360
IX-11b Legal feesManagement $452$452
IX-11c Accounting feesManagement $15,724$15,724
IX-11g Other fees for servicesPrograms $5,237$5,237
IX-13 Office expensesManagement $11,112$11,112
IX-14 Information technologyManagement $1,686$1,686
IX-16 OccupancyPrograms $55,375$55,375
IX-17 TravelManagement $1,567$1,567
IX-19 Conferences, conventions and meetingsManagement $2,055$2,055
IX-20 InterestPrograms $27,524$27,524
IX-22 Depreciation, depletion and amortizationPrograms $27,246$27,246
IX-23 InsurancePrograms $9,262$9,262
IX-24 Other expenses (24a–d)Programs $37,174$37,174
IX-25 Total functional expensesPrograms $258,965 · Management $54,083 · Fundraising $0$313,048
Part X · Balance sheet $194,275 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,445$6,538
X-4 Accounts receivableStart of year $861$0
X-9 Prepaid expenses and deferred chargesStart of year $4,400$4,773
X-10c Land, buildings and equipment, netStart of year $123,427$96,181
X-15 Other assetsStart of year $85,569$86,783
X-16 Total assetsStart of year $218,702$194,275
X-17 Accounts payable and accrued expensesStart of year $23,522$23,815
X-19 Deferred revenueStart of year $248$597
X-25 Other liabilitiesStart of year $46,337$46,337
X-26 Total liabilitiesStart of year $412,321$349,287
X-27 Net assets without donor restrictionsStart of year −$193,619−$155,012
X-32 Total net assets or fund balancesStart of year −$193,619−$155,012
X-33 Total liabilities and net assetsStart of year $218,702$194,275
Part XI · Reconciliation of net assets −$155,012 net assets at year end
XI-1 Total revenue$351,655
XI-2 Total expenses$313,048
XI-3 Revenue less expenses$38,607
XI-4 Net assets at start of year−$193,619
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$155,012

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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