MADISON, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WISCONSIN HOUSING PRESERVATION CORP, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $79.2M in total revenue in fiscal year 2024. Expenses of $74.2M left a modest 6% surplus.
WHPC ACQUIRES, PRESERVES AND DEVELOPS LOW-INCOME AND AFFORDABLE HOUSING IN WISCONSIN. THE MAJORITY OF THE HOUSING IS SUBSIDIZED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, U.S.D.A. RURAL DEVELOPMENT, FEDERAL AND STATE GRANTS, AND OTHER HOUSING PROGRAMS.
WHPC ACQUIRED 174 ADDITIONAL HOUSING UNITS IN 2024. THE TOTAL OF LEASABLE UNITS IN THE WHPC PORTFOLIO IS 9,166 AT DECEMBER 31, 2024, AND THE TOTAL NUMBER OF PROJECTS IS 156, IN WHICH WHPC HAD FULL...
WHPC ACQUIRED 174 ADDITIONAL HOUSING UNITS IN 2024. THE TOTAL OF LEASABLE UNITS IN THE WHPC PORTFOLIO IS 9,166 AT DECEMBER 31, 2024, AND THE TOTAL NUMBER OF PROJECTS IS 156, IN WHICH WHPC HAD FULL OWNERSHIP OR A LIMITED INTEREST IN. AT DECEMBER 31, 2024, THERE ARE 5,813 UNITS, OR 96 PROJECTS, THAT ARE 100% OWNED BY WHPC. THIS FORM 990 SUBMISSION INCLUDES THE OPERATING ACTIVITY OF 96 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 3,534 UNITS, OR 56 PROJECTS, WHICH ARE REPORTED ON SEPARATE TAX RETURNS. 67% 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 85% OF THE PROPERTIES ARE INCOME AND RENT RESTRICTED. 15% 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, 2024 AVERAGE OCCUPANCY RATE FOR THE 98 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 $23,393 AND AVERAGE TENANT-PAID RENTS BEING ABOUT $585 PER MONTH. WHPC'S AVERAGE AGE OF ITS ELDERLY POPULATION IS ABOUT 50 FOR DISABLED ADULTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $79,239,055 | $73,393,453 | +0.1% |
| Expenses | $74,200,192 | $68,931,038 | +0.1% |
| Net Income | $5,038,863 | $4,462,415 | +0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| REGINA DUNKIN | DIRECTOR | 2.00 |
Director
|
$6,600 | $0 | $6,600 |
| NATALIE ERDMAN | DIRECTOR | 2.00 |
Director
|
$9,350 | $0 | $9,350 |
| WENDY BAUMANN | DIRECTOR | 2.00 |
Director
|
$6,600 | $0 | $6,600 |
| JAMES P CARTER | DIRECTOR | 2.00 |
Director
|
$8,800 | $0 | $8,800 |
| MARY WRIGHT | PRESIDENT | 40.00 |
Officer
Director
|
$426,258 | $36,618 | $462,876 |
| RICHARD A HANSEN | DIRECTOR | 1.00 |
Officer
Director
|
$2,500 | $0 | $2,500 |
| DAVID STRELITZ | SECRETARY | 2.00 |
Officer
Director
|
$12,227 | $0 | $12,227 |
| BRETT GERBER | TREASURER | 2.00 |
Officer
Director
|
$16,272 | $0 | $16,272 |
| DAN KROETZ | DIRECTOR | 2.00 |
Director
|
$8,250 | $0 | $8,250 |
| ERBERT JOHNSON | CHAIRMAN | 8.00 |
Officer
Director
|
$29,898 | $0 | $29,898 |
| JOSEPH CARPENTER | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$281,414 | $31,406 | $312,820 |
| LEE FERDERER | VICE PRESIDENT & GENERAL COUNSEL | 40.00 |
Officer
|
$271,132 | $16,015 | $287,147 |
| MICHAEL SLAVISH | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$299,853 | $30,358 | $330,211 |
| MARK VAN DEN BROEKE | CONSTRUCTION MANAGER | 40.00 |
Highest
|
$142,421 | $18,239 | $160,660 |
| MATTHEW CHILDRESS | DEVELOPMENT & ACQUISITIONS MANAGER | 40.00 |
Highest
|
$159,778 | $33,384 | $193,162 |
| MEGAN WALELA | DEVELOPMENT & ACQUISITIONS MANAGER | 40.00 |
Highest
|
$151,985 | $24,378 | $176,363 |
| NICOLE PERRY-BESLEY | ASSISTANT VP - ASSET MANAGEMENT | 40.00 |
Highest
|
$148,498 | $14,225 | $162,723 |
| BRIAN CODA | DIRECTOR OF ACCOUNTING | 40.00 |
Highest
|
$128,982 | $22,110 | $151,092 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $79,239,055 | $74,200,192 | $521,592,972 | $5,038,863 |
| 2023 | $73,393,453 | $68,931,038 | $469,736,666 | $4,462,415 |
| 2022 | $56,526,588 | $55,011,838 | $406,689,805 | $1,514,750 |
| 2021 | $53,775,337 | $49,228,965 | $363,112,557 | $4,546,372 |
| 2020 | $53,105,056 | $48,252,571 | $347,445,559 | $4,852,485 |
| 2019 | $59,807,372 | $48,029,061 | $341,677,447 | $11,778,311 |
| 2018 | $54,363,780 | $47,251,527 | $339,925,609 | $7,112,253 |
Compare WISCONSIN HOUSING PRESERVATION CORP with other nonprofits in Wisconsin and across the country.