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Woodbine Community Organization (Wco) Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621280006 ✦ Nashville, TN ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Tony Woodham (Exec Directo)
  • Compensation: $141,116
  • Related: $0
  • Other: $13,600

    • Carla Jarrell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas J Derrick Jr (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Quatrece Mckinney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benjamin Mercer (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna Page (Personnel Ch) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glen Page (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracey Patterson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Floyd Shecter (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Memorie White (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.woodbinecommunity.org

    Where can I find the form 990 for Woodbine Community Organization (Wco) Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Woodbine Community Organization (WCO) Inc's impact is significant in improving the lifestyles of low and moderate-income families, disabled and senior individuals in Nashville, TN. Through their housing program, WCO provides access to affordable housing, manages shared living units, and offers various assistance programs such as tutoring for elementary school students, homebuyer education, rental readiness, and reverse mortgage counseling. WCO's expertise in developing and managing shared living residences has resulted in owning 509 units, benefiting both independent disabled and senior individuals as well as those requiring care in intermediate care facilities. Their mission focuses on preserving neighborhoods, providing access to decision-making processes, improving living conditions, fostering communication and cooperation among residents of all backgrounds, and securing funds for maintaining and improving residential areas. Through their dedication to community improvement, Woodbine Community Organization (WCO) Inc plays a crucial role in enhancing the lives of those they serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Thomas J Derrick Jr

    Main Address

    643 SPENCE LN, NASHVILLE, TN, 37217

    NTEE Category

    Code: S200 - Community improvement

    If you are a representative of Woodbine Community Organization (Wco) Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.