Wheda Foundation INC FY2021 filing

Tax-deductible

Madison, WI501(c)(3)HousingEIN 39-1464540

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The WHEDA Foundation Inc is responsible for receiving and administering housing grant funds on behalf of the Wisconsin Housing and Economic Development Authority.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $94K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$1.0M
To programs
100%
Net assets
$0
By yearFY2021–FY2025
Revenue
$1.0M
FY2021
Revenue by fiscal year
FY2021$1.0M
FY2022$1.0M
FY2023$2.1M
FY2024$2.5M
FY2025$2.0M
Expenses
$1.0M
FY2021
Expenses by fiscal year
FY2021$1.0M
FY2022$1.0M
FY2023$2.0M
FY2024$1.7M
FY2025$2.5M
Net assets
$0
FY2021
Net assets by fiscal year
FY2021$0
FY2022$0
FY2023$150K
FY2024$954K
FY2025$472K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See Wheda Foundation INC executive salaries →

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Programs and updates

Administers housing grant funds and supports homebuyer education programs to help low-income Wisconsin residents secure affordable housing.

Provided by the organization

This section is blank until Wheda Foundation INC claims this page.

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$500K
Grants paid · 192 grants · $7.2M · 2021–2024
Unitemized GrantFY2024$108,456
La Casa De Esperanza INCWI · FY2024$59,911
Taylor County Housing AuthorityFY2024$50,000
Revitalize Milwaukee INCWI · FY2024$50,000
Porchlight INCWI · FY2024$50,000
Osseo Housing INCWI · FY2024$50,000
Housing Authority County of WashburnFY2024$50,000
Covey INCWI · FY2024$50,000
Bayfield County Housing AuthorityFY2024$50,000
See all 192 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.0M
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.0M
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$2.5M−$482K$472K 990 PDF
FY2024 $2.5M$1.7M$804K$954K 990 PDF
FY2023 $2.1M$2.0M$150K$150K 990 PDF
FY2022 $1.0M$1.0M$0$0 990 PDF
FY2021 Viewing $1.0M$1.0M$0$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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