Overview
What is Willwoods Community Management Inc?
Willwoods Community Management Inc, based in New Orleans, Louisiana, is a management agency focused on mission-driven oversight of diverse real estate assets, specifically affordable housing properties. Their work is geared towards providing affordable housing solutions, with a mission to manage properties effectively and equitably. The organization is staffed by a team of 24 employees, demonstrating their commitment to their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Willwoods Community Management Inc has achieved a 80% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating indicates that the organization meets key standards of transparency and effectiveness in how it manages its financial resources. The evaluation is solely based on its accountability and finance metrics, showcasing a strong commitment to responsible financial practices.
Strengths highlighted in the evaluation include a fully independent board comprising 26 members, as well as robust financial oversight mechanisms such as an audit and oversight committee. The organization maintains thorough policies on conflict of interest, whistleblower protections, and document retention, which further enhance its accountability. Additionally, Willwoods demonstrates a commendable program expense ratio of 80.97%, indicating that a significant portion of its expenses is directed towards its mission-related programs.
However, there are some limitations in the financial metrics, particularly in the liabilities to assets ratio, which scored lower at 68.72%. This may suggest potential concerns regarding financial stability that the organization may need to address moving forward. Overall, while Willwoods Community Management Inc shows strong accountability practices, it may benefit from improving its financial stability to bolster its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Willwoods Community Management Inc legitimate?
Willwoods Community Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Willwoods Community Management 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: $158,494
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,772
For more financial information, click here
What is the mission statement of Willwoods Community Management Inc?
Willwoods Community Management Inc is a dedicated organization that specializes in managing affordable housing properties. Their mission is to deliver mission-focused management for a variety of real estate assets. By serving as a management agent, they aim to contribute positively to the communities they manage, ensuring that affordable housing remains accessible and well-maintained.
Who is the CEO of Willwoods Community Management Inc?
Mr Ron Yager is the President of Willwoods Community Management Inc.
What is the revenue of Willwoods Community Management Inc?
Willwoods Community Management Inc's revenue in 2022 was $911,812.
Who are the executives of Willwoods Community Management Inc and what are their salaries?
The average compensation at Willwoods Community Management Inc during 2022 was $9,928. There are 24 employees at Willwoods Community Management Inc.
Here are 21 key members and their salaries:
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- Other: $11,665
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- Other: $11,909
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Where can I find the form 990 for Willwoods Community Management Inc?
Willwoods Community Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Willwoods Community Management Inc
Willwoods Community Management Inc, a mission-driven organization, serves as a management agent for affordable housing properties. Its primary role is to provide comprehensive, mission-based management for various real estate assets. This management encompasses the day-to-day operations, financial planning, maintenance, and tenant relations, ensuring that the properties remain affordable and well-maintained for those who call them home. By doing so, Willwoods Community Management Inc aims to make a significant contribution to the community by offering affordable housing solutions and contributing to the overall well-being of its residents.
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Impact
June, 2024
Willwoods Community Management Inc's impact lies in its role as a management agent for affordable housing properties, providing mission-based management of various real estate assets in New Orleans, Louisiana. By ensuring the proper management and maintenance of affordable housing units, Willwoods Community Management Inc contributes to the well-being of individuals and families in need of stable and affordable housing options. This helps to address housing insecurity and promote community stability in the region.
This information is meant to be a general summary of Willwoods Community Management 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: $4,812
- Program Service Revenue: $602,679
- Gross Receipts: $948,937
Assets and Liabilities:
- Total Assets: $1,315,683
- Total Liabilities: $36,428
- Net Assets: $1,279,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCOUNTING MANAGEMENT FEE
Revenue
$68,253
PROPERTY MANAGEMENT FEES
Revenue
$534,426
Organization Details
Founding Year
2000
Phone
(504) 830-3700Principal Officer
Mr Ron Yager
Main Address
3900 HOWARD AVE, NEW ORLEANS, LA, 70125
NTEE Category
Code: C32 - Environment
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