Wisconsin Housing Preservation Corp
89% goes to programs $0 to raise $100 Strong reserves Growing revenue
Wisconsin Housing Preservation Corp is a 501(c)(3) organization based in Madison, Wisconsin, registered in 2002, with $79,239,055 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
150 E Gilman St Ste 1500, Madison, WI, 53703 EIN 30-0002040 Since 2002
Revenue (FY2024)
$79.2M
▲ 8.0% vs prior year
Housing median: $408K
Expenses (FY2024)
$74.2M
Net assets
$159.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Wisconsin Housing Preservation Corp: 89% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wisconsin Housing Preservation Corp: 26 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Wisconsin Housing Preservation Corp: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wisconsin Housing Preservation Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To preserve, provide, and protect affordable housing for the low and moderate income individuals and families living in the state of wisconsin.
Contact & location
- Address
- 150 E Gilman St Ste 1500, Madison, WI, 53703
- City
- Madison
- State
- Wisconsin
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $37.6M (FY2013) to $79.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $362.1MNet assets $159.5M
Operating margin
6.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$521.6M
Total liabilities
$362.1M
Net assets
$159.5M
Salaries & benefits
$5.8M
8% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $79,239,055▲8.0% | $74,200,192▲7.6% | $159,481,525▲3.2% | $521,592,972▲11.0% | 990 |
| 2023 | $73,393,453▲29.8% | $68,931,038▲25.3% | $154,516,573▲2.5% | $469,736,666▲15.5% | 990 |
| 2022 | $56,526,588▲5.1% | $55,011,838▲11.7% | $150,746,340▲2.9% | $406,689,805▲12.0% | 990 |
| 2021 | $53,775,337▲1.3% | $49,228,965▲2.0% | $146,482,284▲5.0% | $363,112,557▲4.5% | 990 |
| 2020 | $53,105,056▼11.2% | $48,252,571▲0.5% | $139,446,272▲3.3% | $347,445,559▲1.7% | 990 |
| 2019 | $59,807,372▲10.0% | $48,029,061▲1.6% | $134,937,318▲9.9% | $341,677,447▲0.5% | 990 |
| 2018 | $54,363,780▲22.1% | $47,251,527▲12.9% | $122,791,015▲6.3% | $339,925,609▼0.6% | 990 |
| 2017 | $44,538,662▲12.7% | $41,862,955▲9.8% | $115,461,266▲3.0% | $342,085,223▲20.6% | 990 |
| 2016 | $39,514,450▼0.1% | $38,140,432▲6.7% | $112,088,365▲2.0% | $283,652,110▲3.6% | 990 |
| 2015 | $39,562,110▼13.0% | $35,759,343▼4.1% | $109,913,746▲4.0% | $273,761,071▼0.7% | 990 |
| 2014 | $45,469,854▲21.0% | $37,286,602▲2.3% | $105,647,812▲9.7% | $275,817,634▲2.5% | 990 |
| 2013 | $37,580,162 | $36,436,702▲2.8% | $96,292,776▲3.3% | $269,007,559▲2.3% | 990 |
| 2012 | — | $35,447,108▼10.1% | $93,245,971▲9.9% | $262,871,202▲7.4% | 990 |
| 2011 | — | $39,442,801▲6.4% | $84,810,563▲29.8% | $244,790,263 | 990 |
| 2010 | — | $37,053,901 | $65,343,864 | $244,788,543 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Mary Wright — $426,258 (0.57% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mary Wright | President | 40 | $426,258 |
| Michael Slavish | Chief Operating Officer | 40 | $299,853 |
| Joseph Carpenter | Chief Financial Officer | 40 | $281,414 |
| Lee Ferderer | Vice President & General Counsel | 40 | $271,132 |
| Matthew Childress | Development & Acquisitions Manager | 40 | $159,778 |
| Megan Walela | Development & Acquisitions Manager | 40 | $151,985 |
| Nicole Perry-besley | Assistant Vp - Asset Management | 40 | $148,498 |
| Mark Van Den Broeke | Construction Manager | 40 | $142,421 |
| Brian Coda | Director of Accounting | 40 | $128,982 |
| Erbert Johnson | Chairman | 8 | $29,898 |
| Brett Gerber | Treasurer | 2 | $16,272 |
| David Strelitz | Secretary | 2 | $12,227 |
| Natalie Erdman | Director | 2 | $9,350 |
| James P Carter | Director | 2 | $8,800 |
| Dan Kroetz | Director | 2 | $8,250 |
| Regina Dunkin | Director | 2 | $6,600 |
| Wendy Baumann | Director | 2 | $6,600 |
| Richard A Hansen | Director | 1 | $2,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mcgann Construction | Construction Services | $26,116,068 |
| Acc Management Group Inc | Property Management | $3,027,124 |
| Meridian Group | Property Management | $1,631,563 |
| Iconica Inc | Construction Services | $1,499,853 |
| Giertsen Company of Wisconsin | Building Improvements | $959,888 |
Grants received · $200K total
4 grants to Wisconsin Housing Preservation Corp totaling $200K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Elevate Energy | Building electrification | 2024 | $25,000 |
| Elevate Energy | Building electrification | 2023 | $50,000 |
| Second Harvest Foodbank of Southern Wisconsin | Food | 2023 | $6,310 |
| Elevate Energy | Sub-grantee for building electrification program | 2022 | $119,000 |
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Frequently asked questions
- Is Wisconsin Housing Preservation Corp a legitimate nonprofit?
- Yes. Wisconsin Housing Preservation Corp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 30-0002040, based in Madison, Wisconsin. Donations are tax-deductible.
- What is Wisconsin Housing Preservation Corp's EIN?
- Wisconsin Housing Preservation Corp's Employer Identification Number (EIN) is 30-0002040.
- How much revenue does Wisconsin Housing Preservation Corp report?
- Wisconsin Housing Preservation Corp reported $79,239,055 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Wisconsin Housing Preservation Corp's spending goes to programs?
- Wisconsin Housing Preservation Corp spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wisconsin Housing Preservation Corp have?
- CharityIndex grades Wisconsin Housing Preservation Corp A, based on program efficiency and fundraising cost.
- How much does Wisconsin Housing Preservation Corp's highest-paid employee make?
- The highest reported compensation on Wisconsin Housing Preservation Corp's latest Form 990 is $426,258, paid to Mary Wright (President).
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Data for Wisconsin Housing Preservation Corp (EIN 30-0002040) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.