WARD ECONOMIC DEVELOPMENT CORPORATION

EIN: 954206960 501(c)(3)

LOS ANGELES, CA

Total Revenue
$2,103,934
Total Expenses
$2,126,887
Total Assets
$7,458,628
Net Assets
$3,122,129
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
CA
Principal Officer
JACQUELYN DUPONT-WALKER
Phone
2137471188
Tax Period
2023-01-01 to 2023-12-31

WARD ECONOMIC DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

WARD ECONOMIC DEVELOPMENT CORPORATION (WEDC) WAS INCORPORATED ON NOVEMBER 12, 1987 PURSUANT TO THE GENERAL NONPROFIT CORPORATION LAW OF THE STATE OF CALIFORNIA. WEDC WAS CREATED TO ACHIEVE THE FOLLOWING: (1) TO IDENTIFY AND PURSUE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN THE CITY OF LOS ANGELES (2) PROVIDE 91 UNITS OF LOW-INCOME HOUSING THROUGH THE OPERATIONS OF TUELYN TERRACE AND (3) THE OPERATION AND AVAILABILITY OF ADDITIONAL LOW-INCOME AFFORDABLE HOUSING UNITS AT VARIOUS SCATTERED SITES IN LOS ANGELES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,338,500
Program Service Revenue $174,370
Investment Income $1,200
Other Revenue $589,864
TOTAL REVENUE $2,103,934

Expense Breakdown

Grants Paid $1,338,500
Salaries & Benefits $169,738
Fundraising Expenses $0
Program Expenses $1,775,953
Other Expenses $618,649
TOTAL EXPENSES $2,126,887

Year-over-Year Comparison

2023 2022 Change
Revenue $2,103,934 $3,516,517 -0.4%
Expenses $2,126,887 $3,507,270 -0.4%
Net Income $-22,953 $9,247 -3.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
3
$65,000
Total Directors
7
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT CAMPBELL CHAIRPERSON 2.00
Officer Director
$0 $0 $0
JACQUELYN DUPONT-WALKER SECRETARY 5.00
Officer Director
$65,000 $0 $65,000
ROLAND A WILEY TREASURER 5.00
Officer Director
$0 $0 $0
JARRELL DAVIS MEMBER 2.00
Director
$0 $0 $0
AMY RICHARDSON MEMBER 2.00
Director
$0 $0 $0
ROBERT RUSS MEMBER 2.00
Director
$0 $0 $0
BARRY SETTLE MEMBER 2.00
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 No data No data No data No data
2023 $2,103,934 $2,126,887 $7,458,628 $-22,953
2022 $3,516,517 $3,507,270 $7,530,319 $9,247
2021 $646,213 $613,991 $7,561,759 $32,222
2020 $1,055,393 $664,526 $7,929,055 $390,867
2019 $1,215,670 $860,700 $7,796,169 $354,970
2018 $571,894 $658,026 $7,554,339 $-86,132
Explore More Nonprofits
→Top 100 Nonprofits in California →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WARD ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in California and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.