EIN 30-0002040

Wisconsin Housing Preservation Corporation (WHPC)

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2001
Most recent tax filings
2023-12-01
Description
WHPC provides affordable housing, including housing with tenant income restrictions, serving very low-, low- and moderate-income persons. Each Wisconsin county has its own eligibility criterion.
Total revenues
$73,393,453
2023
Total expenses
$68,931,038
2023
Total assets
$469,736,666
2023
Num. employees
0
2023

Program areas at WHPC

Whpc acquired 272 additional Housing units in 2023. The total of leasable units in the whpc portfolio is 8,993 at december 31, 2023, and the total number of projects is 153, in which whpc had full ownership or a limited interest in. At december 31, 2023, there are 5,640 units, or 95 projects, that are 100% owned by whpc. This form 990 submission includes the operating activity of 95 projects. Four other projects with 64 units owned by 3 individual entities file separate forms 990. Whpc has an ownership interest and is the managing member of another 3,289 units, or 54 projects, which are reported on separate tax returns. 72% of the properties included in this submission operate with subsidies received from the us department of Housing & urban development (hud) or the usda rural development (rd), and 74% of the properties are income and rent restricted. 16% of the properties also received hud service coordinator grant funds, which enable the elderly and disabled properties to hire specialized staff for case management and referral services, linking them to community agencies, educating them on available services and tenancy issues, and other functions to facilitate independent living. The december 31, 2023 average occupancy rate for the 91 projects reported is 93%.whpc's portfolio of hud section 8 project-based subsidized properties is consistent with hud Wisconsin's characteristics, having average household incomes of about $19,950 and average tenant-paid rents being about $296 per month. Whpc's average age of its elderly population is about 50 for disabled adults.

Who funds Wisconsin Housing Preservation Corporation (WHPC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Home of Our OwnResidential Commun.$300,000
Elevate EnergySub-Grantee for Building Electrification Program$119,000

Personnel at WHPC

NameTitleCompensation
Mike SlavishChief Operating Officer
Joe ReceivedChief Financial Officer
David Ginger, Vice PresidentVice President
Mary WrightPresident$379,069
Lee R. FerdererVice President - General Counsel$239,352
...and 21 more key personnel

Financials for WHPC

RevenuesFYE 12/2023
Total grants, contributions, etc.$8,541,467
Program services$63,787,219
Investment income and dividends$3,087,250
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-2,022,483
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$73,393,453

Form 990s for WHPC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-01990View PDF
2022-122023-07-25990View PDF
2021-122022-07-11990View PDF
2020-122021-09-13990View PDF
2019-122020-09-03990View PDF
...and 10 more Form 990s
Data update history
September 22, 2024
Used new vendors
Identified 1 new vendor, including
September 21, 2024
Updated personnel
Identified 2 new personnel
April 19, 2024
Updated personnel
Identified 3 new personnel
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $119,000 from Elevate Energy
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
150 E Gilman St 1500
Madison, WI 53703
Metro area
Madison, WI
County
Dane County, WI
Website URL
whpc.com/contact/ 
Phone
(608) 663-6390
IRS details
EIN
30-0002040
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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