WISCONSIN HOUSING PRESERVATION CORP Charity Report

Public IRS 990 nonprofit record

WISCONSIN HOUSING PRESERVATION CORP

EIN 30-0002040 · Low-Income & Subsidized Rental Housing (L21)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

83.54%of revenue went to mission work89.2% of expenses · Program services

$87.03spent for every $100 of revenueRevenue covered expenses this year.

10.10%of revenue went to management and office costs10.8% of expenses

$6.96in assets for every $1 spent this yearSome assets cannot be spent right away.

7.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $462,876 for MARY WRIGHT (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$79,239,055

Mission workProgram services$66,197,72683.54% of revenue89.2% of expenses

ManagementOffice and general costs$8,002,46610.10% of revenue10.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$5,038,8636.36% of revenueShown in gray on the chart

Total expenses$74,200,19293.64% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.2% mission · 10.8% management · 0.0% fundraisingTotal expenses: 93.64% of revenue

2023Expense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 93.92% of revenue

2022Expense mix: 87.5% mission · 12.5% management · 0.0% fundraisingTotal expenses: 97.32% of revenue

2021Expense mix: 88.0% mission · 12.0% management · 0.0% fundraisingTotal expenses: 91.55% of revenue

2020Expense mix: 89.7% mission · 10.3% management · 0.0% fundraisingTotal expenses: 90.86% of revenue

2019Expense mix: 97.4% mission · 2.6% management · 0.0% fundraisingTotal expenses: 80.31% of revenue

2018Expense mix: 98.4% mission · 1.6% management · 0.0% fundraisingTotal expenses: 86.92% of revenue

2017Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 93.99% of revenue

Money in and money out

Revenue$85,253,285

Expenses$74,200,192

Annual surplus $11,053,093 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$66,197,726 · 89.2% of expenses

Management and office costs$8,002,466 · 10.8% of expenses

See all reported dollar amounts

Revenue$85,253,285

Expenses$74,200,192

Assets$516,226,988

Income$106,690,633

Contributions$6,164,080

Mission work (program services)$66,197,726

Management and general$8,002,466

Stocks and bonds$17,462,332

Accounting fees$1,044,151

Investing fees$46,541

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MARY WRIGHTPRESIDENT · 40 hrs/week $462,876Base $426,258 · Other $36,618

MICHAEL SLAVISHCHIEF OPERATING OFFICER · 40 hrs/week $330,211Base $299,853 · Other $30,358

JOSEPH CARPENTERCHIEF FINANCIAL OFFICER · 40 hrs/week $312,820Base $281,414 · Other $31,406

LEE FERDERERVICE PRESIDENT & GENERAL COUNSEL · 40 hrs/week $287,147Base $271,132 · Other $16,015

MATTHEW CHILDRESSDEVELOPMENT & ACQUISITIONS MANAGER · 40 hrs/week $193,162Base $159,778 · Other $33,384

MEGAN WALELADEVELOPMENT & ACQUISITIONS MANAGER · 40 hrs/week $176,363Base $151,985 · Other $24,378

NICOLE PERRY-BESLEYASSISTANT VP - ASSET MANAGEMENT · 40 hrs/week $162,723Base $148,498 · Other $14,225

MARK VAN DEN BROEKECONSTRUCTION MANAGER · 40 hrs/week $160,660Base $142,421 · Other $18,239

BRIAN CODADIRECTOR OF ACCOUNTING · 40 hrs/week $151,092Base $128,982 · Other $22,110

ERBERT JOHNSONCHAIRMAN · 8 hrs/week $29,898

BRETT GERBERTREASURER · 2 hrs/week $16,272

DAVID STRELITZSECRETARY · 2 hrs/week $12,227

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

MARY WRIGHTPRESIDENT

MICHAEL SLAVISHCHIEF OPERATING OFFICER

JOSEPH CARPENTERCHIEF FINANCIAL OFFICER

LEE FERDERERVICE PRESIDENT & GENERAL COUNSEL

MATTHEW CHILDRESSDEVELOPMENT & ACQUISITIONS MANAGER

MEGAN WALELADEVELOPMENT & ACQUISITIONS MANAGER

NICOLE PERRY-BESLEYASSISTANT VP - ASSET MANAGEMENT

MARK VAN DEN BROEKECONSTRUCTION MANAGER

BRIAN CODADIRECTOR OF ACCOUNTING

ERBERT JOHNSONCHAIRMAN

BRETT GERBERTREASURER

DAVID STRELITZSECRETARY

NATALIE ERDMANDIRECTOR

JAMES P CARTERDIRECTOR

DAN KROETZDIRECTOR

REGINA DUNKINDIRECTOR

WENDY BAUMANNDIRECTOR

RICHARD A HANSENDIRECTOR

About this charity

Recognized since: January 2002
Location: 150 E GILMAN ST STE 1500, MADISON, WI 53703-1495
County: Dane
In care of: MIKE SLAVISH
Primary officer: MIKE SLAVISH, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(608) 807-1430 Officer phone(608) 443-2099

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: SVA CERTIFIED PUBLIC ACCTS SC
NTEE classification: Low-Income & Subsidized Rental Housing (L21)
IRS tax category: Low-Income & Subsidized Rental Housing