Sturgeon Bay, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WORKFORCE HOUSING LENDING CORPORATION, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $302K in total revenue in fiscal year 2025. Revenue surged 278% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 76% operating margin.
To offer financing and other tools to increase the construction, availability, and accessibility of affordable workforce housing specifically in Door County, Wisconsin and generally throughout all of Northeast Wisconsin.
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $302,250 | $80,000 | +2.8% |
| Expenses | $71,558 | $57,687 | +0.2% |
| Net Income | $230,692 | $22,313 | +9.3% |
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 |
|---|---|---|---|---|---|---|
| Noel Halvorsen | President & CEO | 2 |
Officer
|
$0 | $0 | $190,773 |
| Bret Bicoy | Board Chair | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Roger Johnson | Board Secretary | 1 |
Officer
Director
|
$0 | $0 | $0 |
| John Herlache | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Denis Hogan | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Jeff Lutsey | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Steve O'Hearn | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Steve Kase | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Kaaren Northrop | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Gail Enke | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Tim Treml | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Chris Boland | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Deby Dehn | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Kathryn Sieman | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $302,250 | $71,558 | $762,340 | $230,692 |
| 2024 | $80,000 | $57,687 | $580,139 | $22,313 |
| 2023 | $250 | $63 | $500,187 | $187 |
Compare WORKFORCE HOUSING LENDING CORPORATION with other nonprofits in Wisconsin and across the country.