Wakeland Housing and Development Corp
Wakeland Housing and Development Corp reported $36.6 million in revenue and $29.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $42.67 went to program services, $56.93 to management and general costs and $0.40 to fundraising. Its largest source of revenue was contributions and grants: 63.5% of the total. The highest compensation it reported for one person was $348,159 (PRESIDENT). 29 people received more than $100,000 in reportable compensation. Revenue rose 324% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $29MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $37MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 42.7% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 56.9% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 63.5% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 31.5% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $348,159 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.19% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 29 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 28.6 | 10.0 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseRental expenses: the corporation owns and operates a mobile home park, poinsettia parks, llc and affordable housing projects to provide affordable housing to low and moderate income families including seniors, and also provides resident education programs to the tenants. These expenses are comprised of operational expenses such as utilities, operations and maintenance, and taxes and insurance
Development: the corporation's mission is to develop affordable housing using two methods: (1) acquisition and rehabilitation of existing multifamily residential housing; and (2) acquisition and entitlement of land and construction of new buildings
Resident services: the resident services department is responsible for all onsite day-to-day resident services program implementation. The department provides initial set up, conducts ongoing assessments of community's program needs, and develops community partners while facilitating comprehensive programs for youth, adults and seniors
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $319,960 | $0 | $28,199 | $348,159 |
| CFO Officer, 40.00 hrs/week | $241,413 | $0 | $30,483 | $271,896 |
| VICE PRESIDENT OF REAL ESTATE DEVELOPMENT Officer, 40.00 hrs/week | $240,552 | $0 | $19,583 | $260,135 |
| VICE PRESIDENT OF BUSINESS DEVELOPMENT Officer, 40.00 hrs/week | $226,610 | $0 | $21,414 | $248,024 |
| VICE PRESIDENT OF SUPPORTIVE HOUSING & RESIDENT SE Officer, 40.00 hrs/week | $222,332 | $0 | $11,139 | $233,471 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $213,433 | $0 | $16,976 | $230,409 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $206,327 | $0 | $14,791 | $221,118 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $189,481 | $0 | $25,912 | $215,393 |
29 people received more than $100,000 in reportable compensation from Wakeland Housing and Development Corp (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 560
Correct a figure or respond
Every number above is copied from Wakeland Housing and Development Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Wakeland Housing and Development Corp, you can publish a response that is linked from this page.
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Of every $100 Wakeland Housing and Development Corp spent in FY2025, $42.67 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Affordable Housing PartnersCarmel, IN · revenue $37M · programs 86.5% · 2024
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- Deep Green Housing & Community DevelopmentLos Angeles, CA · revenue $36M · programs 90.3% · 2024
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All housing & shelter charities · Largest charities in California
Questions people ask
How much of Wakeland Housing and Development Corp's spending goes to programs?
In the fiscal year ending June 30, 2025, Wakeland Housing and Development Corp reported that 42.7% of its $29.2 million in expenses went to program services, 56.9% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Wakeland Housing and Development Corp pay its top executive?
The largest total compensation Wakeland Housing and Development Corp reported for one person in the fiscal year ending June 30, 2025 was $348,159, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Wakeland Housing and Development Corp get its money?
Of $36.6 million in revenue in the fiscal year ending June 30, 2025, 63.5% came from contributions and grants and 31.5% from program service revenue (Form 990, Part VIII).
Is Wakeland Housing and Development Corp a registered charity?
The IRS lists EIN 33-0833640 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621189349302027 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531359349309803 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349303941 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341049349302004 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349313062 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131349349302883 · read the filing
All filings for EIN 33-0833640: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.