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Wd Communities INC FY2022 filing

Tax-deductible

Decatur, GA501(c)(3)Housing EIN 83-4394327Revenue $247K in FY2022

On file with the IRS235 Ponce De Leon Pl Ste M Pmb 306, 30030-3203 · Decatur, GATax-exempt since Sep 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission our mission is to break the cycle of generational poverty by assisting Communities through a housing-first approach. Our focus is to empower families to create stability, and that starts with families having a place to call home.we build housing for families who are at least 80% below the median household income level.we support families through the journey of home ownership by providing a holistic approach with comprehensive support programs including: educational attainment programs financial literacy programs health and wellness programs workforce development programs

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
2 of 4
filings with a surplus
Average surplus $13K a year · 6% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 30.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$550K
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$247K
-14% vs prior year
Spent
$247K
To programs
72%
Net assets
$72K
By yearFY2021–FY2024
Revenue
$247K
FY2022▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2021$286K
FY2022$247K
FY2023$0
FY2024$320K
Expenses
$247K
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$216K
FY2022$247K
FY2023$32K
FY2024$305K
Net assets
$72K
FY2022-0.5%
Tap a bar for its year
Net assets by fiscal year
FY2021$73K
FY2022$72K
FY2023$40K
FY2024$55K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 Sep 2019.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $178K Management & general 28% · $69K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Warrick Dunn
Founder & PR
$0Pt VII · Sec A
Steve Lamontagne
VP/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wd Communities INC 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

Provides housing and support programs to empower families to break the cycle of poverty.

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Provided by the organization

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1 program · $178K · in their own filed words · FY2022
01

Family support to empower families to create stability through home ownership. Housing provided to families 80% below the median household income level. Currently working with the city of augusta, georgia in carrying on this mission.

$178Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$247K
Ln 12
Fees for servicesLn 2g$237K
Gifts and grantsLn 1h$10K
Money outPt IX
$247K
Ln 25
Programscol B$178K
Managementcol C$69K
Owns and owesPt X
$72K
net assets · Ln 32
Cash and savingsLn 1–2$622K
Total assetsLn 16$622K
LiabilitiesLn 26$550K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$237K
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$622K
Cash and savings togetherLn 1–2$622K
Total assetsLn 16$622K
LiabilitiesLn 26$550K
Net assetsLn 32$72K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$265K$622K
Total assetsLn 16$265K$622K
LiabilitiesLn 26$192K$550K
Net assetsLn 32$73K$72K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$58K$58K
InterestLn 20$243$243
Other expenses (24a–d)Ln 24$177K$177K
Total functional expensesLn 25$247K$178K$69K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $320K$305K$15K$55K 990 PDF
FY2023 $0$32K−$32K$40K 990 PDF
FY2022 Viewing $247K$247K−$360$72K 990 PDF
FY2021 $286K$216K$71K$73K 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 FY2022 990 (6 parts)
Part I · Summary $246,605 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$10,000
I-9 Program service revenuePrior year $285,480$236,605
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $286,480$246,605
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $215,844$246,965
I-18 Total expensesPrior year $215,844$246,965
I-19 Revenue less expensesPrior year $70,636−$360
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $246,605 across 4 lines filed
VIII-1f All other contributions, gifts and grants$10,000
VIII-1h Total contributions, gifts and grants$10,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $236,605$236,605
VIII-12 Total revenueRelated to mission $236,605$246,605
Part IX · Statement of functional expenses $246,965 across 5 lines filed
IX-11c Accounting feesManagement $1,290$1,290
IX-11g Other fees for servicesManagement $10,000$10,000
IX-13 Office expensesManagement $58,027$58,027
IX-20 InterestPrograms $243$243
IX-24 Other expenses (24a–d)Programs $177,405$177,405
IX-25 Total functional expensesPrograms $177,648 · Management $69,317 · Fundraising $0$246,965
Part X · Balance sheet $622,276 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $264,601$622,276
X-16 Total assetsStart of year $264,803$622,276
X-24 Unsecured notes and loans payableStart of year $192,167$550,000
X-26 Total liabilitiesStart of year $192,167$550,000
X-27 Net assets without donor restrictionsStart of year $72,636$72,276
X-32 Total net assets or fund balancesStart of year $72,636$72,276
X-33 Total liabilities and net assetsStart of year $264,803$622,276
Part XI · Reconciliation of net assets $72,276 net assets at year end
XI-1 Total revenue$246,605
XI-2 Total expenses$246,965
XI-3 Revenue less expenses−$360
XI-4 Net assets at start of year$72,636
XI-10 Net assets at end of year$72,276

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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