Nonprofit · EIN 45-3779342
WOODLANDS COMMUNITY LENDERS
Tax-exempt · ELKINS, WV 26241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,005,181 | $620,741 | $384,440 | $6,748,217 | $3,726,181 | $3,022,036 |
| December 31, 2023 | 990 | $1,155,937 | $687,958 | $467,979 | $5,360,280 | $2,722,684 | $2,637,596 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $656,658
- of which government grants
- $656,658
- Program service revenue
- $63,817
- Investment income
- $284,706
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $159,691
- Salaries, compensation and benefits (total)
- $208,675
- Professional fundraising fees
- $0
- Occupancy
- $21,600
- Travel
- $19,555
- Depreciation
- $6,604
- Program services (functional)
- $450,405
- Management and general (functional)
- $170,336
Balance sheet and other
- Total assets, start of year
- $5,360,280
- Total assets, end of year
- $6,748,217
- Total liabilities, end of year
- $3,726,181
- Net assets, end of year
- $3,022,036
- Land, buildings and equipment
- $54,250
- Net assets without donor restrictions
- $532,290
- Net assets with donor restrictions
- $2,489,746
- Gross receipts
- $1,005,181
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2011
- State of legal domicile
- WV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sandra Frank | President Trustee or director, Officer | 0.5 | $0 |
| Becky McClung | Vice President Trustee or director, Officer | 0.5 | $0 |
| Mark Doak | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Carol Carter | Secretary Trustee or director, Officer | 0.5 | $0 |
| Dean Ahern | Director Trustee or director | 0.5 | $0 |
| Matt Osborne | Director Trustee or director | 0.5 | $0 |
| Robbie Morris | Director Trustee or director | 0.5 | $0 |
| Dave Clark | Executive Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sandra Frank | President Trustee or director, Officer | 0.5 | $0 |
| Becky McClung | Vice President Trustee or director, Officer | 0.5 | $0 |
| Mark Doak | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Carol Carter | Secretary Trustee or director, Officer | 0.5 | $0 |
| Dean Ahern | Director Trustee or director | 0.5 | $0 |
| Matt Osborne | Director Trustee or director | 0.5 | $0 |
| Robbie Morris | Director Trustee or director | 0.5 | $0 |
| Dave Clark | Executive Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 316 RAILROAD AVE STE 310, ELKINS, WV 26241-4235
- Principal officer (990 for 2024)
- Sandra Frank, 316 Railroad Ave, Elkins, WV 26241
- Signed the 990
- Sandra Frank, President
- Phone
- (304) 404-2300
- Website
- www.woodlandswv.org
- Return prepared by
- DOOLEY & VICARS CERTIFIED PUBLIC
Mission
The mission of WCL is to foster entrepreneurship and community revitalization by providing access to capital and technical assistance to businesses and non-profit organizations located in the See Continuation
Program accomplishments
- In 2024, Woodlands Community Lenders closed 22 loans for a total of $1,570,015 in funds lent. We served 77 businesses with lending and technical assistance, resulting in the creation or retention of 59 jobs.Expenses $450,405 · revenue $720,475
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3779342
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,748,217
- Income (IRS master file)
- $1,005,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,005,181 | $620,741 | $6,748,217 | IRS |
| 990 | December 2023 | $1,155,937 | $687,958 | $5,360,280 | XML |
| 990 | December 2022 | $664,782 | $587,034 | $4,763,274 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3779342).
Questions about WOODLANDS COMMUNITY LENDERS
- What is the EIN of WOODLANDS COMMUNITY LENDERS?
- The employer identification number (EIN) of WOODLANDS COMMUNITY LENDERS is 45-3779342.
- Is WOODLANDS COMMUNITY LENDERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to WOODLANDS COMMUNITY LENDERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WOODLANDS COMMUNITY LENDERS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WOODLANDS COMMUNITY LENDERS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WOODLANDS COMMUNITY LENDERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WOODLANDS COMMUNITY LENDERS?
- The 990 for the year ended December 31, 2024 names Sandra Frank.
- Who are the officers and directors of WOODLANDS COMMUNITY LENDERS?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does WOODLANDS COMMUNITY LENDERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,005,181, expenses of $620,741 and total assets of $6,748,217 at year end.
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All nonprofits in ELKINS · West Virginia · Community improvement and capacity building