Wisconsin Partnership For Housing Development Inc
- Assets
- $10.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Madison, WI
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 39-1508503
Organization Overview
Wisconsin Partnership For Housing Development Inc is located in Madison, WI. The organization was established in 1985. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Wisconsin Partnership For Housing Development Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Partnership For Housing Development Inc 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 12/2021, Wisconsin Partnership For Housing Development Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $936.4k during the year ending 12/2021. While expenses have increased by 7.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND ACCESS TO AFFORDABLE HOUSING OPPORTUNITIES THROUGH PARTNERSHIPS AMONG THE PUBLIC, NONPROFIT, AND PRIVATE SECTORS TO CREATE AND SUSTAIN STRONG NEIGHBORHOODS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE PARTNERSHIP ADMINISTERED DOWN PAYMENT AND HOUSING REHABILITATION PROGRAMS THAT PROVIDED ASSISTANCE TO LOW-INCOME HOUSEHOLDS. THE PARTNERSHIP MANAGED A 39-UNIT LOW-INCOME TAX CREDIT RENTAL PROJECT,CONSTRUCTED OR REHABBED AND SOLD THREE PROPERTIES TO LOW-INCOME HOUSEHOLDS, AND MANAGED AND LEASED TEN UNITS OF RENTAL PROPERTY. IN ADDITION, ELEVEN OTHER HOUSING UNITS ARE CURRENTLY UNDER DEVELOPMENT. THE PARTNERSHIP ALSO PARTICIPATED IN THE DEVELOPMENT OF 212 UNITS OF AFFORDABLE RENTAL HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Mandel Executive Director (from April) | Officer | 40 | $57,500 |
Nicole Solheim Executive Director (thru February) | Officer | 40 | $16,539 |
Marissa Downs Chair | OfficerTrustee | 1 | $0 |
William Wigchers Vice Chair | OfficerTrustee | 1 | $0 |
Mike Waters Treasurer/secretary | OfficerTrustee | 1 | $0 |
Hal Bergan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Knb Builders Llp New Home Construction | 12/30/20 | $189,504 |
Tilton's Top Notch Construction Llc New Home Construction | 12/30/20 | $181,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $449,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,305 |
| Noncash contributions included in lines 1a–1f | $132,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,202 |
| Total Program Service Revenue | $715,051 |
| Investment income | $203 |
| 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 | -$185,408 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,075,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,624 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,398 |
| Compensation of current officers, directors, key employees. | $10,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,163 |
| Pension plan accruals and contributions | $2,083 |
| Other employee benefits | $19,818 |
| Payroll taxes | $19,344 |
| Fees for services: Management | $34,195 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $53,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,827 |
| Advertising and promotion | $556 |
| Office expenses | $21,728 |
| Information technology | $3,297 |
| Royalties | $0 |
| Occupancy | $237,614 |
| Travel | $3,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,176 |
| Insurance | $15,478 |
| All other expenses | $0 |
| Total functional expenses | $936,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,196 |
| Savings and temporary cash investments | $593,477 |
| Pledges and grants receivable | $2,928 |
| Accounts receivable, net | $16,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $81,299 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,943 |
| Net Land, buildings, and equipment | $4,155,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,866,419 |
| Intangible assets | $0 |
| Other assets | $1,088,869 |
| Total assets | $10,900,771 |
| Accounts payable and accrued expenses | $145,733 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,389,419 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,165,666 |
| Total liabilities | $8,700,818 |
| Net assets without donor restrictions | $1,597,194 |
| Net assets with donor restrictions | $602,759 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,900,771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Partnership For Housing Development Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: PUBLIC BENEFIT & COMMUNITY IMPROVEMENT PROGRAM SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlachen Country Club Edina, MN | $38,666,862 | $19,906,229 |
Olympia Fields Country Club Olympia Fields, IL | $30,077,528 | $14,988,630 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
Woodhill Country Club Wayzata, MN | $12,252,723 | $5,942,697 |
Travis Pointe Country Club Ann Arbor, MI | $3,693,496 | $5,450,943 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |