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Nonprofiteer
← WHEDA FOUNDATION INC

Form 990 for tax year 2023

Filed by WHEDA FOUNDATION INC.

Totals

Total revenue
$2,500,000
Total expenses
$1,695,906
Contributions and grants received
$2,500,000
Grants paid
$1,695,906
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,758,188
Total liabilities, end of year
$2,804,094
Net assets or fund balances, end of year
$954,094
Program services expenses (Part IX)
$1,695,906
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,695,906

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $2,000,000

  • 1f · All other contributions, gifts and grants

    $500,000

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,691,913 · program services $1,691,913

  • 2 · Grants to domestic individuals

    total $3,993 · program services $3,993

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $157,611 · end of year $954,094

  • 4 · Accounts receivable

    beginning of year $1,007,611 · end of year $2,804,094

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,007,611 · end of year $2,804,094

  • 18 · Grants payable

    beginning of year $7,611 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $150,000 · end of year $954,094

Mission and programs · 2023

Mission

The WHEDA Foundation Inc and WHEDA make grant funds available annually through a Housing Grants competition. The program's mission is to assist in the state's housing for the special needs population. The WHEDA foundation will also pay fees for some single family borrowers.

Activities or mission (Part I)

The WHEDA Foundation Inc is responsible for receiving and administering housing grant funds on behalf of the Wisconsin Housing and Economic Development Authority. The WHEDA Foundation received $500,000 in fiscal 2024 to pay single family funding fees.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,691,913 · Revenue $2,000,000

  • $500,000 was received from the Robert Wood Johnson Foundation to be used to pay for single family funding fees, one loan has been underwritten in fiscal 2024

    Expenses $3,993 · Revenue $500,000

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Elmer Moore

    President/Director

    Total calculated
    $0
    Hours/week
    0.25

  • James M Langdon

    Vice President/Director

    Total calculated
    $0
    Hours/week
    0.25

  • Sherry L Gerondale

    Secretary/Treasurer/Director

    Total calculated
    $0
    Hours/week
    0.25

  • Mary Wright

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Melissa Baxter

    Director

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.0
Source object
202423129349304427

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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