Wakeland Housing And Development Corporation

Organization Overview

Wakeland Housing And Development Corporation is located in San Diego, CA. The organization was established in 1999. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Wakeland Housing And Development Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakeland Housing And Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Wakeland Housing And Development Corporation generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $10.4m during the year ending 06/2022. While expenses have increased by 7.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WAKELAND HOUSING AND DEVELOPMENT CORPORATION IS A CALIFORNIA NOT-FOR-PROFIT CORPORATION WHOSE MISSION IS TO DEVELOP AND OPERATE QUALITY AFFORDABLE HOUSING PROJECTS WITH RESIDENT-EDUCATION PROGRAMS FOR LOW-INCOME FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL EXPENSES: THE CORPORATION OWNS AND OPERATES A MOBILE HOME PARK, POINSETTIA PARKS, LLC AND AFFORDABLE HOUSING PROJECTS TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES INCLUDING SENIORS, AND ALSO PROVIDES RESIDENT EDUCATION PROGRAMS TO THE TENANTS. THESE EXPENSES ARE COMPRISED OF OPERATIONAL EXPENSES SUCH AS UTILITIES, OPERATIONS AND MAINTENANCE, AND TAXES AND INSURANCE.


DEVELOPMENT: THE CORPORATION'S MISSION IS TO DEVELOP AFFORDABLE HOUSING USING TWO METHODS: (1) ACQUISITION AND REHABILITATION OF EXISTING MULTIFAMILY RESIDENTIAL HOUSING; AND (2) ACQUISITION AND ENTITLEMENT OF LAND AND CONSTRUCTION OF NEW BUILDINGS.


RESIDENT SERVICES: THE RESIDENT SERVICES DEPARTMENT IS RESPONSIBLE FOR ALL ONSITE DAY-TO-DAY RESIDENT SERVICES PROGRAM IMPLEMENTATION. THE DEPARTMENT PROVIDES INITIAL SET UP, CONDUCTS ONGOING ASSESSMENTS OF COMMUNITY'S PROGRAM NEEDS, AND DEVELOPS COMMUNITY PARTNERS WHILE FACILITATING COMPREHENSIVE PROGRAMS FOR YOUTH, ADULTS AND SENIORS.


ASSET MANAGEMENT: THE ASSET MANAGEMENT DEPARTMENT ADMINISTERS ALL PLACED IN SERVICE REAL ESTATE IN THE CORPORATION'S DIVERSE PORTFOLIO, WHICH CONSISTS OF 5,218 HOUSING UNITS. THE DEPARTMENT OVERSEES ALL PROPERTY TAX ABATEMENT ACTIVITIES, MONITORS REGULATORY MANDATES, HIRES PROPERTY MANAGEMENT COMPANIES, PROVIDES PROPERTY MANAGEMENT OVERSIGHT, AND DEVELOPS OPERATING BUDGETS AND CAPITAL IMPROVEMENT PLANS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,572,032
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,572,032
Total Program Service Revenue$13,748,386
Investment income $435,475
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,988,463

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wakeland Housing And Development Corporation has recieved totaling $20,000.

Awarding OrganizationAmount
Mufg Union Bank Foundation Ag

Phoenix, AZ

PURPOSE: CHARITABLE

$20,000
View Grant Recipient Profile

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