WAKELAND HOUSING AND DEVELOPMENT CORP

EIN: 330833640 501(c)(3) Housing & Shelter

SAN DIEGO, CA

Total Revenue
$36,637,853
Total Expenses
$29,204,816
Total Assets
$113,961,281
Net Assets
$69,569,169
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
REBECCA LOUIE
Phone
6192352296
Tax Period
2024-07-01 to 2025-06-30

WAKELAND HOUSING AND DEVELOPMENT CORP, founded in 1998, is a mid-sized nonprofit in the Housing & Shelter sector that reported $36.6M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 20% operating margin.

Mission

WAKELAND HOUSING AND DEVELOPMENT CORPORATION IS A CALIFORNIA NOT-FOR-PROFIT CORPORATION WHOSE MISSION IS TO TRANSFORM LIVES AND COMMUNITIES THROUGH HIGH QUALITY AFFORDABLE AND SUPPORTIVE HOUSING PAIRED WITH IMPACTFUL RESIDENT SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,258,895
Program Service Revenue $11,547,537
Investment Income $1,051,693
Other Revenue $779,728
TOTAL REVENUE $36,637,853

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,917,902
Fundraising Expenses $116,336
Program Expenses $12,462,107
Other Expenses $21,286,914
TOTAL EXPENSES $29,204,816

Year-over-Year Comparison

2024 2023 Change
Revenue $36,637,853 $22,912,128 +0.6%
Expenses $29,204,816 $12,963,110 +1.3%
Net Income $7,433,037 $9,949,018 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
60
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,361,685
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERICSSON KAROLINA VICE CHAIR 2.00
Director
$0 $0 $0
HARRIS LISA MARIE TREASURER 2.00
Director
$0 $0 $0
LAWSON JAMES SECRETARY 2.00
Director
$0 $0 $0
WILSON LAUNA CHAIR 2.00
Director
$0 $0 $0
QUACH LE BOARD MEMBER 2.00
Director
$0 $0 $0
ANYIWO DIKE BOARD MEMBER 2.00
Director
$0 $0 $0
WINSLETT LEE BOARD MEMBER 2.00
Director
$0 $0 $0
PACHECO ELIZABETH BOARD MEMBER 2.00
Director
$0 $0 $0
PANTOJA BENONI BOARD MEMBER 2.00
Director
$0 $0 $0
HUNTER JONATHAN BOARD MEMBER 2.00
Director
$0 $0 $0
WRAY TIMOTHY BOARD MEMBER 2.00
Director
$0 $0 $0
REBECCA LOUIE PRESIDENT 40.00
Officer
$319,960 $28,199 $348,159
JOAN EDELMAN CFO 40.00
Officer
$241,413 $30,483 $271,896
ARMSTRONG PETER G VICE PRESIDENT OF REAL ESTATE DEVELOPMENT 40.00
Officer
$240,552 $19,583 $260,135
HETHERINGTON DAVID M VICE PRESIDENT OF BUSINESS DEVELOPMENT 40.00
Officer
$226,610 $21,414 $248,024
LEVIEN TRICIA TASTO VICE PRESIDENT OF SUPPORTIVE HOUSING & RESIDENT SE 40.00
Officer
$222,332 $11,139 $233,471
HOLLAND TAYLOR R DIRECTOR OF DEVELOPMENT 40.00
Highest
$206,327 $14,791 $221,118
HUFF LISA C DIRECTOR OF DEVELOPMENT 40.00
Highest
$213,433 $16,976 $230,409
CHAVEZ JUSTIN CONTROLLER 40.00
Highest
$196,126 $15,284 $211,410
HALTON DANIELLE SENIOR PROJECT MANAGER 40.00
Highest
$189,593 $13,016 $202,609
HATTLER JULIE A DIRECTOR OF DEVELOPMENT 40.00
Highest
$189,481 $25,912 $215,393
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $36,637,853 $29,204,816 $113,961,281 $7,433,037
2024 No data No data No data No data
2023 $25,641,126 $12,222,162 $85,068,659 $13,418,964
2022 $24,988,463 $10,430,526 $68,610,015 $14,557,937
2021 $13,809,170 $9,099,935 $55,006,161 $4,709,235
2020 $8,640,274 $9,426,260 $45,048,312 $-785,986
2019 $7,601,708 $9,189,410 $44,343,414 $-1,587,702
2018 $7,074,817 $10,716,013 $46,021,731 $-3,641,196
2018 $7,074,817 $10,716,013 $46,021,731 $-3,641,196
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