Overview
What is Woodbine Community Organization (Wco) Inc?
The Woodbine Community Organization (Wco) Inc is a nonprofit based in Nashville, Tennessee, with a workforce of 22 individuals. Their primary focus is to enhance the lifestyles of community members by providing affordable housing and essential services. They specialize in developing, building, and managing shared living residences, with 509 units in total. Among these, 217 units cater to disabled and senior individuals capable of independent living, while another 292 units serve as Intermediate Care Facilities (ICF/IID), offering food, shelter, and rehabilitative treatment for intellectually disabled clients. Wco's mission extends beyond housing, as they also provide English as a Second Language assistance, Volunteer Income Tax Assistance, tutoring programs, homebuyer education, rental readiness, reverse mortgage counseling, and other community initiatives. Their goal is to preserve neighborhoods, improve living conditions, foster communication, and recruit available funds for maintaining and enhancing residential areas.
Official website here: www.woodbinecommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
Woodbine Community Organization (Wco) Inc has achieved a solid Three-Star rating from Charity Navigator, primarily due to its strong performance in Accountability and Finance. The organization scored particularly well in areas such as having an independent board, comprehensive financial audits, and clear conflict of interest policies, reflecting a commitment to good governance and financial transparency.
The organization demonstrated a high program expense ratio of 96.37%, indicating that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, Wco meets best practices with a majority independent board and complete financial statements, which are key indicators of its operational integrity and efficiency.
However, a noted limitation is the absence of a whistleblower policy, for which it received no points. This could be an area for improvement, as implementing such a policy can enhance organizational accountability and protect staff and stakeholders. Overall, Wco appears to be a trustworthy nonprofit with strong financial practices, though there is room for growth in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Woodbine Community Organization (Wco) Inc legitimate?
Woodbine Community Organization (Wco) Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woodbine Community Organization (Wco) Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $141,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $976,764
For more financial information, click here
Official website here: www.woodbinecommunity.org
What is the mission statement of Woodbine Community Organization (Wco) Inc?
The Woodbine Community Organization (Wco) strives to enhance the lifestyles of the people in its service area by collaborating together to preserve neighborhoods. The organization aims to help residents gain access to decision-making processes at the state, local, and federal levels. Wco is dedicated to providing affordable housing to low and moderate-income families, disabled individuals, and seniors. In addition, it works to improve living conditions for residents by offering various programs, including English as a Second Language assistance, VITA (Volunteer Income Tax Assistance), and homebuyer education. Wco also encourages communication and cooperation among area residents, regardless of racial, ethnic, or religious backgrounds, and all ages. The organization actively seeks federal, state, or local funds to maintain and improve residential neighborhoods.
Official website here: www.woodbinecommunity.org
Who is the CEO of Woodbine Community Organization (Wco) Inc?
Thomas J Derrick Jr is the Chairman of Woodbine Community Organization (Wco) Inc.
Official website here: www.woodbinecommunity.org
What is the revenue of Woodbine Community Organization (Wco) Inc?
Woodbine Community Organization (Wco) Inc's revenue in 2022 was $21,451,257.
Official website here: www.woodbinecommunity.org
Who are the executives of Woodbine Community Organization (Wco) Inc and what are their salaries?
The average compensation at Woodbine Community Organization (Wco) Inc during 2022 was $50,813. There are 22 employees at Woodbine Community Organization (Wco) Inc.
Here are 10 key members and their salaries:
- Compensation: $141,116
- Related: $0
- Other: $13,600
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- Other: $0
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- Other: $0
Official website here: www.woodbinecommunity.org
Where can I find the form 990 for Woodbine Community Organization (Wco) Inc?
Woodbine Community Organization (Wco) Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.woodbinecommunity.org
Learn more at the official website: www.woodbinecommunity.org
Mission Statement of Woodbine Community Organization (Wco) Inc
Woodbine Community Organization (Wco) Inc is a dedicated nonprofit organization with a mission to enhance the lifestyles of people in its service area. By working collaboratively, Wco aims to help residents gain access to decision-making processes of state, local, and federal governments. The organization is committed to improving living conditions for low and moderate-income families by providing them with affordable housing options.
Wco's inclusive approach invites residents from all racial, ethnic, and religious groups, as well as individuals of all ages, to communicate and cooperate. The nonprofit organization goes beyond just offering housing; it also provides essential programs and services to enrich the lives of its community members. Among the initiatives, Wco offers English as a Second Language assistance, Volunteer Income Tax Assistance, and the LEAPS program, which offers tutoring for elementary school students. Additionally, homebuyer education, rental readiness, reverse mortgage counseling, and other programs cater to the varying needs of its residents.
Wco's unwavering commitment to its mission is evident through its determination to improve the residential neighborhoods it serves. The organization's efforts to secure and allocate federal, state, and local funds contribute significantly to the maintenance and enhancement of the neighborhoods. By providing affordable housing, essential programs, and fostering a cooperative community, Woodbine Community Organization (Wco) Inc plays a pivotal role in uplifting the lives of its residents and making a positive impact on the community as a whole.
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Impact
October, 2024
Woodbine Community Organization (WCO) Inc has a significant impact on the Nashville community by addressing the critical need for affordable housing and support services for low and moderate-income families, disabled individuals, and senior citizens. By developing, building, and managing shared living residences, WCO has created 509 housing units, ensuring that residents have access to safe and affordable living environments.
Among these units, 217 cater specifically to seniors and individuals with disabilities, allowing them to live independently, while another 292 serve as intermediate care facilities providing essential services for those with intellectual disabilities. This dedication to housing not only improves living conditions but also fosters a sense of community among residents from diverse backgrounds.
WCO further enhances its impact through various programs aimed at skill development and economic empowerment. These initiatives include English as a Second Language assistance, Volunteer Income Tax Assistance (VITA), tutoring for elementary students through the LEAPS program, and education on homebuying and rental readiness. By equipping residents with valuable knowledge and resources, WCO promotes financial stability and upward mobility.
Moreover, WCO actively engages residents in local decision-making processes, ensuring their voices are heard and represented at the state, local, and federal levels. This advocacy strengthens community ties and enhances cooperation among residents of all racial, ethnic, and religious backgrounds.
Overall, WCO's multifaceted approach not only addresses housing needs but also enriches the lives of individuals and families, contributing to the overall improvement of neighborhoods and the quality of life in the Nashville area.
This information is meant to be a general summary of Woodbine Community Organization (Wco) Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $156,191
- Program Service Revenue: $14,178,045
- Gross Receipts: $21,451,257
Assets and Liabilities:
- Total Assets: $140,952,645
- Total Liabilities: $78,626,358
- Net Assets: $62,326,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING RENTAL
Revenue
$11,930,329
DEVELOPER FEES
Revenue
$2,176,927
TENANT CHARGES
Revenue
$26,315
VITA
Revenue
$23,464
EDUCATION AND COUNSELING
Revenue
$21,010
Organization Details
Founding Year
1983
Phone
(615) 833-9580Principal Officer
Thomas J Derrick Jr
Main Address
643 SPENCE LN, NASHVILLE, TN, 37217
Website
www.woodbinecommunity.orgNTEE Category
Code: S200 - Community improvement
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