2024-10-14T13:28:36-05:00 2023-12-31 203557677 KELLER AND ASSOCIATES LLP 18645 SHERMAN WAY SUITE 110 RESEDA CA 91335 990 2023-01-01 954206960 WARD ECONOMIC DEVELOPMENT CORPORATION WARD 2137471188 1177 WEST ADAMS BOULEVARD LOS ANGELES CA 90007 JACQUELYN DUPONT-WALKER PRESIDENT 2137471188 2024-10-14 1 0 DAVID KELLER P00227750 8183833079 X 2023 2024-10-15 13:58:12Z JACQUELYN DUPONT-WALKER 1177 WEST ADAMS BOULEVARD LOS ANGELES CA 90007 2103934 0 X N/A X 1987 CA WARD ECONOMIC DEVELOPMENT CORPORATION (WEDC) WAS INCORPORATED ON NOVEMBER 12, 1987 PURSUANT TO THE GENERAL NONPROFIT CORPORATION LAW OF THE STATE OF CALIFORNIA. WEDC WAS CREATED TO ACHIEVE THE FOLLOWING: (1) TO IDENTIFY AND PURSUE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN THE CITY OF LOS ANGELES (2) PROVIDE 91 UNITS OF LOW-INCOME HOUSING THROUGH THE OPERATIONS OF TUELYN TERRACE AND (3) THE OPERATION AND AVAILABILITY OF ADDITIONAL LOW-INCOME AFFORDABLE HOUSING UNITS AT VARIOUS SCATTERED SITES IN LOS ANGELES. 7 7 0 0 0 0 2806150 1338500 169763 174370 314 1200 540290 589864 3516517 2103934 2677750 1338500 0 0 180111 169738 0 0 0 649409 618649 3507270 2126887 9247 -22953 7530319 7458628 4385237 4336499 3145082 3122129 X WARD ECONOMIC DEVELOPMENT CORPORATION (WEDC) WAS INCORPORATED ON NOVEMBER 12, 1987 PURSUANT TO THE GENERAL NONPROFIT CORPORATION LAW OF THE STATE OF CALIFORNIA. WEDC WAS CREATED TO ACHIEVE THE FOLLOWING: (1) TO IDENTIFY AND PURSUE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN THE CITY OF LOS ANGELES (2) PROVIDE 91 UNITS OF LOW-INCOME HOUSING THROUGH THE OPERATIONS OF TUELYN TERRACE AND (3) THE OPERATION AND AVAILABILITY OF ADDITIONAL LOW-INCOME AFFORDABLE HOUSING UNITS AT VARIOUS SCATTERED SITES IN LOS ANGELES. 0 0 1775953 1338500 2103934 TO IDENTIFY AND PURSUE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN THE CITY OF LOS ANGELES, PROVIDE 91 UNITS OF LOW-INCOME HOUSING THROUGH THE OPERATIONS OF TUELYN TERRACE AND THE OPERATION AND AVAILABILITY OF ADDITIONAL LOW-INCOME AFFORDABLE HOUSING UNITS AT VARIOUS SCATTERED SITES IN LOS ANGELES. 1775953 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 CA X X JACQUELYN DUPONT-WALKER 2137471188 1177 WEST ADAMS BOULEVARD LOS ANGELES CA 90007 ROBERT CAMPBELL CHAIRPERSON 2.00 X X 0 0 0 JACQUELYN DUPONT-WALKER SECRETARY 5.00 X X 65000 0 0 ROLAND A WILEY TREASURER 5.00 X X 0 0 0 JARRELL DAVIS MEMBER 2.00 X 0 0 0 AMY RICHARDSON MEMBER 2.00 X 0 0 0 ROBERT RUSS MEMBER 2.00 X 0 0 0 BARRY SETTLE MEMBER 2.00 X 0 0 0 65000 0 0 0 0 0 0 0 1338500 1338500 FISCAL AGENT FEES 94350 94350 MANAGEMENT FEES 58020 58020 PARTNERSHIP FEES 12000 12000 PROJECT REVENUE 10000 10000 174370 1200 1200 581221 0 581221 581221 581221 OTHER REVENUES 5128 5128 LAUNDRY INCOME 3515 3515 8643 2103934 765434 0 0 1338500 1338500 65000 53047 11953 78620 8919 69701 7909 7436 473 18209 17103 1106 30000 30000 27862 16796 11066 47808 14217 33591 58534 58534 129399 37455 91944 REPAIRS AND MAINTENANCE 102795 73957 28838 UTILITIES 100040 95487 4553 OUTSIDE AND PROFESSIONA 71056 1692 69364 REAL ESTATE TAXES 43153 14808 28345 8002 8002 2126887 1775953 350934 0 195205 181786 89455 89717 2000 2000 1183000 1183000 6006291 2479074 3585751 3527217 2474908 2474908 7530319 7458628 96029 91429 3328026 3283888 961182 961182 4385237 4336499 X 3145082 3122129 3145082 3122129 7530319 7458628 -22953 0 X 0 1 X 1 0 X 31412 222701 87560 2806150 1343500 4491323 1183761 832171 558579 710053 759234 4043798 1215173 1054872 646139 3516203 2102734 8535121 0 0 0 8535121 497 521 74 314 1200 2606 497 521 74 314 1200 2606 1215670 1055393 646213 3516517 2103934 8537727 0.99970 0.99980 0.00030 0.00020 X 2945900 2945900 3017425 2436108 581317 42966 42966 0 3527217 INTEREST RECEIVABLE 2474908 2474908 INTEREST PAYABLE 673130 DUE TO RELATED PARTY 220523 EQUITY INVESTMENT IN AFFILIATES 21296 TENANT SECURITY DEPOSITS PAYABLE 46233 961182 1918484 0 1918484 0 1918484 1941437 0 1941437 0 1941437 1 2ND CALL PO BOX 191476 LOS ANGELES CA 90019 800145566 501(C)(3) 75000 0 GENERAL SUPPORT BACK TO BASICS COMMUNITY EMPOWERMENT 706 E 110TH STREET LOS ANGELES CA 90059 824418309 501(C)(3) 15000 0 GENERAL SUPPORT BLACK HOLLYWOOD EDUCATION AND RESOURCE CENTER 1999 AVE OF THE STARS 1100 LOS ANGELES CA 90067 311595352 501(C)(3) 75000 0 GENERAL SUPPORT BLACK IMAGE CENTER 1163 N KENMORE LOS ANGELES CA 90029 852350324 501(C)(3) 35000 0 GENERAL SUPPORT BLACK STAR LACROSSE 207 W 92ND STREET LOS ANGELES CA 90003 862438696 501(C)(3) 20000 0 GENERAL SUPPORT BLACK WOMEN FOR WELLNESS 4340 11TH AVENUE LOS ANGELES CA 90012 954624707 501(C)(3) 75000 0 GENERAL SUPPORT BLACK WRITERS ON TOUR 1425 W MANCHESTER BLVD B LOS ANGELES CA 90012 300010300 501(C)(3) 15000 0 GENERAL SUPPORT BUTTERFLY'S HAVEN 3766 LASALLE AVE LOS ANGELES CA 90012 861587005 501(C)(3) 75000 0 GENERAL SUPPORT CALIFORNIA BLACK WOMEN'S HEALTH PROJECT 9800 S LA CIENEGA BLVD 905 LOS ANGELES CA 90014 954702923 501(C)(3) 75000 0 GENERAL SUPPORT COMMUNITY ASSET DEVELOPMENT RE-DEFINING EDUCATION 8410 S BROADWAY LOS ANGELES CA 90003 264753821 501(C)(3) 25000 0 GENERAL SUPPORT HURTING AND HUNGRY CHILDREN 915 MANCHESTER BLVD LOS ANGELES CA 90012 834040063 501(C)(3) 15000 0 GENERAL SUPPORT IT'S BIGGER THAN US 2006 W 76TH STREET LOS ANGELES CA 90047 853136505 501(C)(3) 25000 0 GENERAL SUPPORT JEPWA CLT (JEFFERSON EXPOSITION PARK WEST ADAMS COMMUNITY LAND TRUST) 1053 S NEW HAMPSHIRE AVE LOS ANGELES CA 90012 954392004 501(C)(3) 25000 0 GENERAL SUPPORT KARING ADVOCATES UNITED FOR SOCIAL EQUITY 4902 W SLAUSON AVE LOS ANGELES CA 90056 822080683 501(C)(3) 15000 0 GENERAL SUPPORT LOS ANGELES URBAN LEAGUE 4401 CRENSHAW BLVD 201 LOS ANGELES CA 90043 951691288 501(C)(3) 20000 0 GENERAL SUPPORT MOTHER'S IN ACTION 4401 CRENSHAW BLVD 204 LOS ANGELES CA 90043 954688627 501(C)(3) 50000 0 GENERAL SUPPORT NOAH'S FOUNDATION INC 506 S SPRING STREET13308SMB10278 LOS ANGELES CA 90012 851712743 501(C)(3) 45000 0 GENERAL SUPPORT NEW DIRECTION COMMUNITY PROGRAM 8124 S WESTERN AVE LOS ANGELES CA 90012 954443705 501(C)(3) 50000 0 GENERAL SUPPORT OUR AUTHORS STUDY CLUB INC PO BOX 361454 LOS ANGELES CA 90036 237357156 501(C)(3) 12500 0 GENERAL SUPPORT OUR LITTLE HELPERS INC 4840 VALLEY RIDGE AVE LOS ANGELES CA 90043 812953974 501(C)(3) 30000 0 GENERAL SUPPORT PARENTS EDUCATORS TEACHERS AND STUDENTS IN ACTION 18017 CHATSWORTH ST GRANADA HILLS CA 91344 462694430 501(C)(3) 15000 0 GENERAL SUPPORT PETER BROWN JR TENNIS PROGRAM 537 EVERGREEN ST2 INGLEWOOD CA 90302 800800003 501(C)(3) 21000 0 GENERAL SUPPORT SANCTUARY OF HOPE 4003 W ADAMS BLVD LOS ANGELES CA 90012 273273118 501(C)(3) 75000 0 GENERAL SUPPORT STEM TO THE FUTURE 1510 W 36TH STREET SUITE 1 LOS ANGELES CA 90012 821966013 501(C)(3) 75000 0 GENERAL SUPPORT TELEHEALTH VAN 5856 WEST BLVD LOS ANGELES CA 90012 871385170 501(C)(3) 75000 0 GENERAL SUPPORT THE AMAAD INSTITUTE 10221 S COMPTON AVE 105 LOS ANGELES CA 90012 770672440 501(C)(3) 75000 0 GENERAL SUPPORT THE REVERENCE PROJECT 1673 E 108TH STREET LOS ANGELES CA 90012 473427148 501(C)(3) 70000 0 GENERAL SUPPORT THE RIGHTWAY FOUNDATION 3650 W MLK BLVD 195 LOS ANGELES CA 90008 900761009 501(C)(3) 75000 0 GENERAL SUPPORT UNITED VOICES OF LITERACY PO BOX 452375 LOS ANGELES CA 90045 261676469 501(C)(3) 10000 0 GENERAL SUPPORT WESTMOUNT COUNCILING CENTER 1704 W MANCHESTER 202A LOS ANGELES CA 90012 821236510 501(C)(3) 75000 0 GENERAL SUPPORT 30 30 PART I, LINE 2: REQUIRED REPORTS ARE MAINTAINED BY MANAGEMENT, AS REQUIRED IN THE RESPECTIVE AGREEMENTS, AS WELL AS A THIRD PARTY REVIEW FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED WITH THE PRESIDENT OF WARD ECONOMIC DEVELOPMENT CORPORATION PRIOR TO EFILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS A COMPONENT OF THE OVERALL BOARD OF DIRECTORS POLICY. IT IS DISCLOSED AS A PART OF THE ORGANIZATIONAL POLICY MANUAL FOR THE BOARD OF DIRECTORS, AS WELL AS THE OFFICERS OF WARD ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE WARD ECONOMIC DEVELOPMENT CORPORATION GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND NONPROFIT INFORMATIONAL TAX RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.