WHEATLAND DUPLEXES CORPORATION

EIN: 680292259 501(c)(3)

DENVER, CO

Total Revenue
$437,450
Total Expenses
$553,919
Total Assets
$2,491,387
Net Assets
$-2,975,222
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CA
Principal Officer
DOUG SHOEMAKER
Phone
3038303300
Tax Period
2024-01-01 to 2024-12-31

WHEATLAND DUPLEXES CORPORATION, founded in 1992, is a small nonprofit that reported $437K in total revenue in fiscal year 2024. Expenses of $554K exceeded revenue, resulting in a 27% operating deficit.

Mission

WHEATLAND DUPLEXES CORPORATION WAS FORMED IN 1991 FOR THE PURPOSE OF DEVELOPING, ACQUIRING, REHABILITATING, OWNING, AND OPERATING A 40-UNIT APARTMENT COMPLEX FOR OCCUPANCY OF FARM WORKING FAMILIES, OPERATING UNDER THE NAME OF BEVERLY TERRACE APARTMENTS LOCATED IN LINDA, CALIFORNIA.

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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 $167,459
Program Service Revenue $255,847
Investment Income $1,316
Other Revenue $12,828
TOTAL REVENUE $437,450

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $546,419
Other Expenses $553,919
TOTAL EXPENSES $553,919

Year-over-Year Comparison

2024 2023 Change
Revenue $437,450 $415,518 +0.1%
Expenses $553,919 $455,872 +0.2%
Net Income $-116,469 $-40,354 +1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
1
Employees
N/A
Volunteers
1

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
12
$2,674,963
Total Directors
2
$257,735
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG SHOEMAKER PRESIDENT 0.10
Officer
$0 $22,009 $317,896
ED HOLDER VICE PRESIDENT 0.10
Officer
$0 $45,695 $310,484
MELISSA CLAYTON VICE PRESIDENT 0.10
Officer
$0 $35,478 $308,489
RAMIE DARE VICE PRESIDENT 0.10
Officer
$0 $22,164 $258,451
LILLIAN LEW-HAILER DIRECTOR 0.10
Director
$0 $20,643 $257,735
JOSEPH ROSENBLUM SECRETARY 0.10
Officer
$0 $10,382 $242,964
ELIZABETH KUWADA VICE PRESIDENT 0.10
Officer
$0 $23,339 $227,467
ERIKA VILLABLANCA VICE PRESIDENT 0.10
Officer
$0 $28,906 $212,565
CHAD PAYNE TREASURER 0.10
Officer
$0 $9,965 $211,480
TIMOTHY DUNN VICE PRESIDENT 0.10
Officer
$0 $34,000 $208,531
RICK SPRAGUE VICE PRESIDENT 0.10
Officer
$0 $15,510 $190,380
ALVIN TUVILLA VICE PRESIDENT 0.10
Officer
$0 $11,996 $186,256
AMY BAYLEY ASSISTANT SECRETARY 0.10
Officer
$0 $0 $0
JANET RUGGIERO DIRECTOR 0.10
Director
$0 $0 $0
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
2024 $437,450 $553,919 $2,491,387 $-116,469
2023 $415,518 $455,872 $2,582,074 $-40,354
2022 $353,881 $550,937 $2,664,974 $-197,056
2021 $380,566 $450,826 $2,820,950 $-70,260
2020 $361,869 $425,709 $2,912,191 $-63,840
2019 $344,520 $486,686 $2,952,869 $-142,166
2018 $324,463 $418,956 $3,063,277 $-94,493
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