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Wisconsin Housing Preservation Corp

Wisconsin Housing Preservation Corp

Madison, WI 53703
Tax ID30-0002040

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About this organization

Revenue

$59,807,372

Expenses

$48,029,061

Website

whpccorp.org

Mission

TO PRESERVE, PROVIDE, AND PROTECT AFFORDABLE HOUSING FOR THE LOW AND MODERATE INCOME CITIZENS IN WISCONSIN.

About

WHPC ACQUIRED 28 ADDITIONAL HOUSING UNITS IN 2019, BRINGING THE TOTAL UNITS IN THE WHPC PORTFOLIO TO 8,315 AT DECEMBER 31, 2019, AND THE TOTAL NUMBER OF PROJECTS TO 142, IN WHICH WHPC HAD FULL OWNERSHIP OR A LIMITED INTEREST IN. AT DECEMBER 31, 2019, THERE ARE 5,060 UNITS, OR 87 PROJECTS, THAT ARE 100% OWNED BY WHPC. THIS FORM 990 SUBMISSION INCLUDES THE OPERATING ACTIVITY OF 88 PROJECTS, 5 OF THESE PROJECTS WITH 329 UNITS WERE SOLD TO LOW INCOME HOUSING TAX CREDIT INVESTORS PRIOR TO THE END OF THE YEAR. WHPC CONTINUES TO HAVE A LIMITED INTEREST IN THE SOLD PROJECTS. 4 OTHER PROJECTS WITH 63 UNITS OWNED BY 3 INDIVIDUAL ENTITIES FILE SEPARATE FORMS 990. (CONTINUED ON SCHEDULE O)WHPC HAS AN OWNERSHIP INTEREST AND IS THE MANAGING MEMBER OF ANOTHER 3,255 UNITS (INCLUDING THE 5 SOLD PROJECTS MENTIONED ABOVE), OR 55 PROJECTS, WHICH ARE REPORTED ON SEPARATE TAX RETURNS. 83% 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 95% OF THE PROPERTIES ARE INCOME AND RENT RESTRICTED. 18% 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 2019 OCCUPANCY RATE FOR THE 88 PROJECTS REPORTED IS 96%.WHPC'S PORTFOLIO OF HUD SECTION 8 PROJECT-BASED SUBSIDIZED PROPERTIES IS CONSISTENT WITH HUD WISCONSIN'S CHARACTERISTICS, HAVING AVERAGE HOUSEHOLD INCOMES OF ABOUT $13,400 AND AVERAGE RENTS BEING $306 PER MONTH. WHPC'S AVERAGE AGE OF ITS ELDERLY POPULATION IS ABOUT 80, AND ABOUT 50 FOR DISABLED ADULTS.

Interesting data from their 2020 990 filing

According to the filing documents, the non-profit's mission is defined as “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.”.

When referring to its tasks, they were referred to as: “To preserve, provide, and protect affordable housing for the low and moderate income citizens in wisconsin.”.

  • The non-profit's state of operation has been legally reported as WI.
  • According to the latest filing, the non-profit's address in 2020 is 150 E GILMAN ST NO 1500, MADISON, WI, 53703.
  • The total number of employees reported by the non-profit on their form for 2020 is 0.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $11,778,311.
  • The organization has 8 independent voting members.
  • The organization was formed in 2001.
  • The organization pays $352,844 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

Additional Non-Profits in the area

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