Civic Intelligence

Wheda Foundation Inc

EIN 39-1464540 • 501(c)3 • Madison, WI

Profile

The WHEDA Foundation Inc and WHEDA make grant funds available annually through a Housing Grants competition. The program's mission is to assist in the state's housing for the special needs population. The WHEDA foundation will also pay fees for some single family borrowers.

908 E Main St Suite 501Madison, WI 53703
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.84x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

89th percentile

1.19x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

13th percentile

-24%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-24%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

14th percentile

-20%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,859,262

Down $898,926 (-24%) from 2024

Liabilities

Down

$2,387,552

Down $416,542 (-15%) from 2024

Net Assets

Down

$471,710

Down $482,384 (-51%) from 2024

Revenue

Down

$2,000,000

Down $500,000 (-20%) from 2024

Expenses

Up

$2,482,384

Up $786,478 (+46%) from 2024

Net Income

Down

-$482,384

Down $1,286,478 (-160%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $360,000Liabilities 2014: $355,000Net Assets 2014: $5,0002014Assets 2015: $500,000Liabilities 2015: $500,000Net Assets 2015: $02015Assets 2016: $509,100Liabilities 2016: $509,100Net Assets 2016: $02016Assets 2017: $509,100Liabilities 2017: $509,100Net Assets 2017: $02017Assets 2018: $513,824Liabilities 2018: $513,824Net Assets 2018: $02018Assets 2019: $1,001,900Liabilities 2019: $1,001,900Net Assets 2019: $02019Assets 2020: $1,041,710Liabilities 2020: $0Net Assets 2020: $1,041,7102020Assets 2021: $1,008,183Liabilities 2021: $1,008,183Net Assets 2021: $02021Assets 2022: $1,008,723Liabilities 2022: $1,008,723Net Assets 2022: $02022Assets 2023: $1,165,222Liabilities 2023: $1,015,222Net Assets 2023: $150,0002023Assets 2024: $3,758,188Liabilities 2024: $2,804,094Net Assets 2024: $954,0942024Assets 2025: $2,859,262Liabilities 2025: $2,387,552Net Assets 2025: $471,7102025

Highlighted filing

2025

Assets$2,859,262
Liabilities$2,387,552
Net Assets$471,710

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $500,000Expenses 2011: $500,000Net Income 2011: $02011Revenue 2012: $500,000Expenses 2012: $500,000Net Income 2012: $02012Revenue 2013: $500,000Expenses 2013: $500,000Net Income 2013: $02013Revenue 2014: $408,000Expenses 2014: $403,000Net Income 2014: $5,0002014Revenue 2015: $550,000Expenses 2015: $550,000Net Income 2015: $02015Revenue 2016: $500,000Expenses 2016: $500,000Net Income 2016: $02016Revenue 2017: $500,000Expenses 2017: $500,000Net Income 2017: $02017Revenue 2018: $513,824Expenses 2018: $513,824Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $1,040,000Expenses 2020: $1,040,000Net Income 2020: $02020Revenue 2021: $1,000,000Expenses 2021: $1,000,000Net Income 2021: $02021Revenue 2022: $1,000,000Expenses 2022: $1,000,000Net Income 2022: $02022Revenue 2023: $2,150,000Expenses 2023: $2,000,000Net Income 2023: $150,0002023Revenue 2024: $2,500,000Expenses 2024: $1,695,906Net Income 2024: $804,0942024Revenue 2025: $2,000,000Expenses 2025: $2,482,384Net Income 2025: -$482,3842025

Highlighted filing

2025

Revenue$2,000,000
Expenses$2,482,384
Net Income-$482,384

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$2.39$0.47$2.00$2.48$0.48
2024Detailed filing. Detailed filing data is available for this year.$3.76$2.80$0.95$2.50$1.70$0.80
2023Detailed filing. Detailed filing data is available for this year.$1.17$1.02$0.15$2.15$2.00$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.01$1.01$0.00$1.00$1.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.01$1.01$0.00$1.00$1.00$0.00
2020Summary only. Only limited summary data is available for this year.$1.04$0.00$1.04$1.04$1.04$0.00
2019Summary only. Only limited summary data is available for this year.$1.00$1.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.51$0.51$0.00$0.51$0.51$0.00
2017Summary only. Only limited summary data is available for this year.$0.51$0.51$0.00$0.50$0.50$0.00
2016Summary only. Only limited summary data is available for this year.$0.51$0.51$0.00$0.50$0.50$0.00
2015Summary only. Only limited summary data is available for this year.$0.50$0.50$0.00$0.55$0.55$0.00
2014Summary only. Only limited summary data is available for this year.$0.36$0.36$0.01$0.41$0.40$0.01
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.50$0.50$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.50$0.50$0.00
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.50$0.50$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 23, 2025
Return Version
2024v5.0
Gross Receipts
$2,000,000
Mission and Program Overview

Mission

The WHEDA Foundation Inc and WHEDA make grant funds available annually through the Housing Grants competition. The program's mission is to assist in the state's housing for the special needs population.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,804,094$2,387,552▼ $416,542
Cash and Non-Interest-Bearing Accounts$954,094$471,710▼ $482,384
Rtn Earn Endowment Incm Other Fnds$954,094$471,710▼ $482,384
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,758,188$2,859,262▼ $898,926
Liabilities
Accounts Payable and Accrued Expenses$2,804,094$2,387,552▼ $416,542
Grants Payable$0--
Total Liabilities$2,804,094$2,387,552▼ $416,542
Net Assets / Fund Balance
Total Net Assets Fund Balance$954,094$471,710▼ $482,384
Total Liabilities and Net Assets / Fund Balance$3,758,188$2,859,262▼ $898,926
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elmer MoorePresident/Director
Kathryn DunnDirector
Melissa BaxterDirector
Sherry L GerondaleSecretary/Treasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$2,000,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-482,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,482,384
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,373,928--$2,373,928
Grants to Domestic Individuals$108,456--$108,456
Total Functional Expenses$2,482,384$0$0$2,482,384
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
La Casa de Esperenza IncWaukesha, WI501(c)(3)Education$59,911
Bayfield County Housing AuthorityWashburn, WIHousing AuthorityPermanent$50,000
Burlington Transitional Living Center IncKansasville, WI501(c)(3)Emergency/Transitional$50,000
CAP Services IncStevens Point, WI501(c)(3)Emergency/Transitional$50,000
Center for Veterans Issues IncMilwaukee, WI501(c)(3)Permanent$50,000
Christine Ann DomesticOshkosh, WI501(c)(3)Emergency/Transitional$50,000
Covey IncOshkosh, WI501(c)(3)Permanent$50,000
Embrace Services IncLadysmith, WI501(c)(3)Emergency/Transitional$50,000
Golden House IncGreen Bay, WI501(c)(3)Emergency/Transitional$50,000
Greater Green Bay Habitat for HumanityGreen Bay, WI501(c)(3)Permanent$50,000
Hebron Housing ServicesPewaukee, WI501(c)(3)Emergency/Transitional$50,000
Housing Authority County of WashburnSpooner, WIHousing AuthorityPermanent$50,000
Neighborhood Housing Services of Green Bay IncGreen Bay, WI501(c)(3)Permanent$50,000
Opportunity of North Central Wisconsin IncWausau, WI501(c)(3)Permanent$50,000
Osseo Housing IncOsseo, WI501(c)(3)Permanent$50,000
Personal Development Center IncMarshfield, WI501(c)(3)Emergency/Transitional$50,000
Pillars IncAppleton, WI501(c)(3)Emergency/Transitional$50,000
Porchlight IncMadison, WI501(c)(3)Permanent$50,000
Racine Revitalization PartnershipRacine, WI501(c)(3)Permanent$50,000
Redeemer Lutheran ChurchMilwaukee, WI501(c)(3)Emergency/Transitional$50,000
Revitalize MilwaukeeMilwaukee, WI501(c)(3)Permanent$50,000
Serenity Inns IncMilwaukee, WI501(c)(3)Emergency/Transitional$50,000
Taylor County Housing AuthorityMedford, WIHousing AuthorityPermanent$50,000
The Rodney Scheel House FoundationMadison, WI501(c)(3)Permanent$50,000
The Salvation ArmyWaukesha, WI501(c)(3)Emergency/Transitional$50,000
The Salvation Army of Dane CountyMadison, WI501(c)(3)Emergency/Transitional$50,000
Veterans 1st of NEW IncSuamico, WI501(c)(3)Permanent$50,000
West Central WisconsinGlenwood City, WI501(c)(3)Permanent$50,000
Wisconsin Community Services IncMilwaukee, WI501(c)(3)Emergency/Transitional$50,000
Womens Resource Center of Racine IncRacine, WI501(c)(3)Emergency/Transitional$50,000
Housing Authority of the County of Juneau WisconsinMauston, WIHousing AuthorityPermanent$49,068
Grace Lutheran FoundationAltoona, WI501(c)(3)Permanent$48,500
Hope Street MinistryMilwaukee, WI501(c)(3)Permanent$47,990
Eau Claire County Housing IncAltoona, WI501(c)(3)Permanent$47,056
House of Hope Green Bay IncGreen Bay, WI501(c)(3)Emergency/Transitional$44,755
Ecumenical Partnership for HousingGreen Bay, WI501(c)(3)Emergency/Transitional$44,615
Pathway Home of South Central Wisconsin IncBaraboo, WI501(c)(3)Emergency/Transitional$44,281
Rusk County Housing AuthorityEau Claire, WIHousing AuthorityPermanent$43,254
Baraboo Area Homeless ShelterBaraboo, WI501(c)(3)Emergency/Transitional$41,913
Northwoods Women IncAshland, WI501(c)(3)Emergency/Transitional$34,180
Hope Village Tiny HousingChippewa Falls, WI501(c)(3)Emergency/Transitional$33,900
Stepping Stones of Dunn CountyMenomonie, WI501(c)(3)Emergency/Transitional$32,240
Rock Valley Community Programs IncJanesville, WI501(c)(3)Emergency/Transitional$30,245
Telos IncMIlwaukee, WI501(c)(3)Permanent$29,795
Family Promise of Green County IncMonroe, WI501(c)(3)Emergency/Transitional$25,968
Family Promise of Waukesha County IncWaukesha, WI501(c)(3)Emergency/Transitional$25,000
Craig Kinney Apartments IncMadison, WI501(c)(3)Permanent$23,120
Housing Authority City of MenomonieMenomonie, WIHousing AuthorityPermanent$22,924
Community Action Inc of RockBeloit, WI501(c)(3)Emergency/Transitional$21,679
Dane County Housing AuthorityMonona, WIHousing AuthorityPermanent$20,000
Passages A Program for Survivors of DomesticRichland Center, WI501(c)(3)Emergency/Transitional$20,000
Women In TransitionMadison, WI501(c)(3)Emergency/Transitional$20,000
Western Dairyland EconomicIndependence, WI501(c)(3)Emergency/Transitional$19,060
Advocates of Ozaukee IncSaukville, WI501(c)(3)Emergency/Transitional$17,000
New Hope Center IncChilton, WI501(c)(3)Permanent$16,500
Fall Creek Valley Housing IncEau Claire, WI501(c)(3)Permanent$14,720
Hannah Center IncMarshfield, WI501(c)(3)Emergency/Transitional$14,650
Day By Day ShelterOshkosh, WI501(c)(3)Emergency/Transitional$13,960
Couleecap IncWestby, WI501(c)(3)Permanent$6,826
Hmong Wisconsin Chamber ofMilwaukee, WI501(c)(3)Education$5,931
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 9

Kathryn Dunn 1533 N Rivercenter Drive Milwaukee, WI 53212 Melissa Baxter 2727 N Grandview Blvd #301 Waukesha, WI 53188

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by a WHEDA Financial Officer, reviewed by another WHEDA Financial Officer and WHEDA's Controller. A copy is provided to WHEDA's legal counsel.

Form 990, Part VI, Section B, Line 12C

To ensure compliance with the conflict of interest policy, periodic reviews shall be conducted.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements of the WHEDA Foundation Inc. are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wheda Foundation Inc
EIN
39-1464540
Phone
6082667884
Address
908 E Main St Suite 501, Madison, WI 53703

Signing Officer

Name
Sherry Gerondale
Title
Secretary and Treasurer
Phone
6082761076
Signed
2025-10-23

Organization Details

Principal Officer
Elmer Moore
Formed
1983
Legal Domicile
Wi
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 927 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0The WHEDA Foundation Inc and WHEDA make grant funds available annually through a Housing Grants competition. The program's mission is to assist in the state's housing for the special needs population. The WHEDA foundation will also pay fees for some single family borrowers. The WHEDA foundation will also pay for homebuyer education.
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IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc12501(c)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc33501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc34Housing Authority
IRS990ScheduleI/RecipientTable/IRCSectionDesc35501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc36501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc37501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc38Housing Authority
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IRS990ScheduleI/RecipientTable/IRCSectionDesc41501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc42501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc43Housing Authority
IRS990ScheduleI/RecipientTable/IRCSectionDesc44Housing Authority
IRS990ScheduleI/RecipientTable/IRCSectionDesc45Housing Authority
IRS990ScheduleI/RecipientTable/IRCSectionDesc46501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc47501(c)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc54Housing Authority
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IRS990ScheduleI/RecipientTable/IRCSectionDesc56501(c)(3)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc59501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Permanent
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Permanent
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Permanent
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt18Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt19Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt20Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt21Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt22Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt23Emergency/Transitional
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt24Emergency/Transitional

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