Nonprofit · EIN 30-0002040
WISCONSIN HOUSING PRESERVATION CORP
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $85,253,285 | $78,220,988 | $7,032,297 | $516,226,988 | $351,023,858 | $165,203,130 |
| December 31, 2024 | 990 | $79,239,055 | $74,200,192 | $5,038,863 | $521,592,972 | $362,111,447 | $159,481,525 |
| December 31, 2023 | 990 | $73,393,453 | $68,931,038 | $4,462,415 | $469,736,666 | $315,220,093 | $154,516,573 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,146,575
- of which government grants
- $2,146,575
- Program service revenue
- $78,500,663
- Investment income
- $4,606,047
- Net gain from sales of assets
- $347,704
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,351,842
- Other salaries and wages
- $3,770,210
- Salaries, compensation and benefits (total)
- $6,418,624
- Professional fundraising fees
- $0
- Legal fees
- $581,443
- Accounting fees
- $647,271
- Occupancy
- $38,749,848
- Travel
- $84,416
- Depreciation
- $11,088,461
- Program services (functional)
- $69,964,797
- Management and general (functional)
- $8,256,191
Balance sheet and other
- Total assets, start of year
- $521,592,972
- Total assets, end of year
- $516,226,988
- Total liabilities, end of year
- $351,023,858
- Net assets, end of year
- $165,203,130
- Land, buildings and equipment
- $348,719,106
- Net assets without donor restrictions
- $159,265,755
- Net assets with donor restrictions
- $5,937,375
- Gross receipts
- $106,690,633
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL SLAVISH | COO/PRESIDENT (START APR 2025) Officer | 40 | $372,928 | $35,259 |
| JOSEPH CARPENTER | CHIEF FINANCIAL & INFORMATION OFFICER Officer | 40 | $308,083 | $34,290 |
| LEE FERDERER | SENIOR VP & GENERAL COUNSEL Officer | 40 | $308,356 | $18,971 |
| NICOLE PERRY-BESLEY | SENIOR VP OF ASSET MANAGEMENT Highest-paid employee | 40 | $198,162 | $22,007 |
| MATTHEW CHILDRESS | VP OF REAL ESTATE FINANCE Highest-paid employee | 40 | $183,352 | $36,052 |
| MEGAN WALELA | VP OF DEVELOPMENT Highest-paid employee | 40 | $169,356 | $26,620 |
| BRIAN CODA | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $154,241 | $34,354 |
| MARK VAN DEN BROEKE | VP OF CONSTRUCTION Highest-paid employee | 40 | $163,076 | $25,211 |
| MARY WRIGHT | PRESIDENT (THRU MAR 2025)/DIRECTOR Trustee or director, Officer | 40 | $142,264 | $12,206 |
| ERBERT JOHNSON | CHAIRMAN (THRU MAY 2025)/DIRECTOR Trustee or director, Officer | 2 | $26,400 | $0 |
| NATALIE ERDMAN | DIRECTOR/CHAIRPERSON (START MAY 2025) Trustee or director, Officer | 8 | $24,450 | $0 |
| BRETT GERBER | TREASURER Trustee or director, Officer | 2 | $18,337 | $0 |
| REGINA DUNKIN | DIRECTOR Trustee or director | 2 | $17,300 | $0 |
| DAVID STRELITZ | SECRETARY Trustee or director, Officer | 2 | $11,000 | $0 |
| DAN KROETZ | DIRECTOR Trustee or director | 2 | $11,000 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHAN WAUTIER | DIRECTOR Trustee or director | 2 | $3,850 |
| TERESE CARO | DIRECTOR Trustee or director | 2 | $3,850 |
| JAMES P CARTER | DIRECTOR Trustee or director | 2 | $3,300 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY WRIGHT | PRESIDENT Trustee or director, Officer | 40 | $426,258 | $36,618 |
| MICHAEL SLAVISH | CHIEF OPERATING OFFICER Officer | 40 | $299,853 | $30,358 |
| JOSEPH CARPENTER | CHIEF FINANCIAL OFFICER Officer | 40 | $281,414 | $31,406 |
| LEE FERDERER | VICE PRESIDENT & GENERAL COUNSEL Officer | 40 | $271,132 | $16,015 |
| MATTHEW CHILDRESS | DEVELOPMENT & ACQUISITIONS MANAGER Highest-paid employee | 40 | $159,778 | $33,384 |
| MEGAN WALELA | DEVELOPMENT & ACQUISITIONS MANAGER Highest-paid employee | 40 | $151,985 | $24,378 |
| NICOLE PERRY-BESLEY | ASSISTANT VP - ASSET MANAGEMENT Highest-paid employee | 40 | $148,498 | $14,225 |
| MARK VAN DEN BROEKE | CONSTRUCTION MANAGER Highest-paid employee | 40 | $142,421 | $18,239 |
| BRIAN CODA | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $128,982 | $22,110 |
| ERBERT JOHNSON | CHAIRMAN Trustee or director, Officer | 8 | $29,898 | $0 |
| BRETT GERBER | TREASURER Trustee or director, Officer | 2 | $16,272 | $0 |
| DAVID STRELITZ | SECRETARY Trustee or director, Officer | 2 | $12,227 | $0 |
| NATALIE ERDMAN | DIRECTOR Trustee or director | 2 | $9,350 | $0 |
| JAMES P CARTER | DIRECTOR Trustee or director | 2 | $8,800 | $0 |
| DAN KROETZ | DIRECTOR Trustee or director | 2 | $8,250 | $0 |
| REGINA DUNKIN | DIRECTOR Trustee or director | 2 | $6,600 | $0 |
| WENDY BAUMANN | DIRECTOR Trustee or director | 2 | $6,600 | $0 |
| RICHARD A HANSEN | DIRECTOR Trustee or director, Officer | 1 | $2,500 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY WRIGHT | PRESIDENT Trustee or director, Officer | 40 | $379,069 | $32,881 |
| MICHAEL SLAVISH | CHIEF OPERATING OFFICER Officer | 40 | $285,478 | $27,991 |
| JOSEPH CARPENTER | CHIEF FINANCIAL OFFICER Officer | 40 | $258,710 | $34,381 |
| LEE FERDERER | VICE PRESIDENT - GENERAL C Officer | 40 | $239,352 | $12,509 |
| DAVID GINGER | VICE PRESIDENT Officer | 40 | $215,526 | $32,364 |
| ROBERT DICKE | ASSISTANT VICE PRESIDENT O Highest-paid employee | 40 | $148,053 | $30,705 |
| MATTHEW CHILDRESS | DEBT & EQUITY ANALYST Highest-paid employee | 40 | $135,945 | $29,913 |
| MARK VAN DE BROEKE | CONSTRUCTION PROJECT MANAGER Highest-paid employee | 40 | $134,001 | $15,441 |
| ELIZABETH MCKEON | BUSINESS SYSTEMS MANAGER Highest-paid employee | 40 | $114,408 | $30,132 |
| MEGAN WALELA | DEVELOPMENT PROJECT MANAGER Highest-paid employee | 40 | $119,977 | $20,922 |
| ERBERT JOHNSON | CHAIRMAN Trustee or director, Officer | 8 | $27,861 | $0 |
| BRETT GERBER | TREASURER Trustee or director, Officer | 2 | $15,956 | $0 |
| DAVID STRELITZ | SECRETARY Trustee or director, Officer | 2 | $13,000 | $0 |
| RICHARD A HANSEN | VICE CHAIRPERSON Trustee or director, Officer | 1 | $11,000 | $0 |
| JAMES P CARTER | DIRECTOR Trustee or director | 2 | $10,000 | $0 |
| DAN KROETZ | DIRECTOR Trustee or director | 2 | $9,500 | $0 |
| NATALIE ERDMAN | DIRECTOR Trustee or director | 2 | $8,500 | $0 |
| REGINA DUNKIN | DIRECTOR Trustee or director | 2 | $7,500 | $0 |
| WENDY BAUMANN | DIRECTOR Trustee or director | 2 | $3,000 | $0 |
Address and contacts
- Address (IRS master file)
- 150 E GILMAN ST STE 1500, MADISON, WI 53703-1495
- Principal officer (990 for 2025)
- JOSEPH CARPENTER, 150 E GILMAN ST 1500, MADISON, WI 53703
- Signed the 990
- JOSEPH CARPENTER, CFO
- Phone
- (608) 807-1430
- Website
- WWW.WHPC.COM
- Return prepared by
- SVA CERTIFIED PUBLIC ACCTS SC
Mission
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.
Program accomplishments
- WHPC ACQUIRED 98 ADDITIONAL HOUSING UNITS IN 2025. THE TOTAL OF LEASABLE UNITS IN THE WHPC PORTFOLIO IS 9,448 AT DECEMBER 31, 2025, AND THE TOTAL NUMBER OF PROJECTS IS 158, IN WHICH WHPC HAD FULL OWNERSHIP OR A LIMITED INTEREST IN. AT DECEMBER 31, 2025, THERE ARE 5,914 UNITS, OR 98 PROJECTS, THAT ARE 100% OWNED BY WHPC. THIS FORM 990 SUBMISSION INCLUDES THE OPERATING ACTIVITY OF 98 PROJECTS. FOUR OTHER PROJECTS WITH 64 UNITS OWNED BY 3 INDIVIDUAL ENTITIES FILE SEPARATE FORMS 990. WHPC HAS AN OWNERSHIP INTEREST AND IS THE MANAGING MEMBER OF ANOTHER 3,534 UNITS, OR 56 PROJECTS, WHICH ARE REPORTED ON SEPARATE TAX RETURNS. OF THE PROPERTIES INCLUDED IN THIS SUBMISSION, 98 PROJECTS OPERATE WITH SUBSIDIES RECEIVED FROM US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AND 18 PROJECTS WITH SUBSIDIES RECEIVED FROM USDA RURAL DEVELOPMENT (RD), ALL OF WHICH ARE MAJORITY RENT AND INCOME RESTRICTED. IN ADDITION TO RENTAL SUBSIDIES, WHPC RECEIVES FUNDS FROM 28 ANNUAL GRANTS, SUPPORTING 35 HUD PROJECTS (62 LOCATIONS) IN THE MULTIFAMILY SERVICE COORDINATOR (MFSC) PROGRAM. THIS ENABLES PROJECTS TO HIRE SPECIALIZED STAFF FOR CASE MANAGEMENT AND REFERRAL SERVICES, LINKING THEM TO COMMUNITY AGENCIES, EDUCATING THEM ON AVAILABLE SERVICES AND TENANCY ISSUES, AND OTHER FUNCTIONS TO FACILITATE INDEPENDENT LIVING.AS OF DECEMBER 31, 2025, THE AVERAGE OCCUPANCY RATE FOR HUD-BASED PROJECTS WAS 95.0%, FOR RD-BASED PROJECTS WAS 93.2%, AND WHPC'S TOTAL STABILIZED PORTFOLIO OVERALL OCCUPANCY RATE WAS 94.5%.WHPC'S PORTFOLIO OF HUD SECTION 8 PROJECT-BASED SUBSIDIZED PROPERTIES IS CONSISTENT WITH HUD WISCONSIN'S CHARACTERISTICS, HAVING AVERAGE HOUSEHOLD INCOMES OF ABOUT $16,317 AND AVERAGE TENANT-PAID RENTS BEING ABOUT $382 PER MONTH. WHPC'S AVERAGE AGE OF ITS ELDERLY POPULATION IS ABOUT 50 FOR DISABLED ADULTS.Expenses $69,964,797 · revenue $78,500,663
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0002040
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $516,226,988
- Income (IRS master file)
- $106,690,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $85,253,285 | $78,220,988 | $516,226,988 | XML |
| 990 | December 2024 | $79,239,055 | $74,200,192 | $521,592,972 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $73,393,453 | $68,931,038 | $469,736,666 | XML |
| 990 | December 2022 | $56,526,588 | $55,011,838 | $406,689,805 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0002040).
Questions about WISCONSIN HOUSING PRESERVATION CORP
- What is the EIN of WISCONSIN HOUSING PRESERVATION CORP?
- The employer identification number (EIN) of WISCONSIN HOUSING PRESERVATION CORP is 30-0002040.
- Is WISCONSIN HOUSING PRESERVATION CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to WISCONSIN HOUSING PRESERVATION CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WISCONSIN HOUSING PRESERVATION CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WISCONSIN HOUSING PRESERVATION CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WISCONSIN HOUSING PRESERVATION CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WISCONSIN HOUSING PRESERVATION CORP?
- The 990 for the year ended December 31, 2025 names JOSEPH CARPENTER.
- Who are the officers and directors of WISCONSIN HOUSING PRESERVATION CORP?
- The 990 for the year ended December 31, 2025 lists 18 people; 18 received compensation from the organization, the highest $372,928 (MICHAEL SLAVISH, COO/PRESIDENT (START APR 2025)).
- How much revenue does WISCONSIN HOUSING PRESERVATION CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $85,253,285, expenses of $78,220,988 and total assets of $516,226,988 at year end.
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