Nonprofit · EIN 87-4624665
WORKFORCE HOUSING LENDING CORPORATION
Tax-exempt · STURGEON BAY, WI 54235
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $302,250 | $71,558 | $230,692 | $762,340 | $509,148 | $253,192 |
| December 31, 2024 | 990 | $80,000 | $57,687 | $22,313 | $580,139 | $557,639 | $22,500 |
| December 31, 2023 | 990 | $250 | $63 | $187 | $500,187 | $500,000 | $187 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $296,000
- of which government grants
- $125,000
- Program service revenue
- $6,250
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,018
- Travel
- $1,305
- Program services (functional)
- $62,074
- Management and general (functional)
- $9,484
Balance sheet and other
- Total assets, start of year
- $580,139
- Total assets, end of year
- $762,340
- Total liabilities, end of year
- $509,148
- Net assets, end of year
- $253,192
- Net assets without donor restrictions
- $253,192
- Gross receipts
- $302,250
- Employees
- 0
- Volunteers
- 13
- Year formed
- 2022
- 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 | From related orgs |
|---|---|---|---|---|
| Noel Halvorsen | President & CEO Officer | 2 | $0 | $190,773 |
| Bret Bicoy | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Roger Johnson | Board Secretary Trustee or director, Officer | 1 | $0 | $0 |
| John Herlache | Board Member Trustee or director | 1 | $0 | $0 |
| Denis Hogan | Board Member Trustee or director | 1 | $0 | $0 |
| Jeff Lutsey | Board Member Trustee or director | 1 | $0 | $0 |
| Steve O'Hearn | Board Member Trustee or director | 1 | $0 | $0 |
| Steve Kase | Board Member Trustee or director | 1 | $0 | $0 |
| Kaaren Northrop | Board Member Trustee or director | 1 | $0 | $0 |
| Gail Enke | Board Member Trustee or director | 1 | $0 | $0 |
| Tim Treml | Board Member Trustee or director | 1 | $0 | $0 |
| Chris Boland | Board Member Trustee or director | 1 | $0 | $0 |
| Deby Dehn | Board Member Trustee or director | 1 | $0 | $0 |
| Kathryn Sieman | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Noel Halvorsen | President & CEO and Vice Chair Trustee or director, Officer | 4 | $0 | $157,537 |
| Chris Boland | Board Member Trustee or director | 1 | $0 | $0 |
| Deby Dehn | Board Member Trustee or director | 1 | $0 | $0 |
| John Herlache | Board Member Trustee or director | 1 | $0 | $0 |
| Denis Hogan | Board Member Trustee or director | 1 | $0 | $0 |
| Jeff Lutsey | Board Member Trustee or director | 1 | $0 | $0 |
| Steve O'Hearn | Board Member Trustee or director | 1 | $0 | $0 |
| Steve Kase | Board Member Trustee or director | 1 | $0 | $0 |
| Kaaren Northrop | Board Member Trustee or director | 1 | $0 | $0 |
| Gail Enke | Board Member Trustee or director | 1 | $0 | $0 |
| Tim Treml | Board Member Trustee or director | 1 | $0 | $0 |
| Bret Bicoy | Chair Trustee or director | 2 | $0 | $0 |
| Roger Johnson | Secretary Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Noel Halvorsen | President & CEO and Vice Chair Trustee or director, Officer | 4 | $0 | $146,368 |
| Chris Boland | Board Member Trustee or director | 1 | $0 | $0 |
| Deby Dehn | Board Member Trustee or director | 1 | $0 | $0 |
| John Herlache | Board Member Trustee or director | 1 | $0 | $0 |
| Denis Hogan | Board Member Trustee or director | 1 | $0 | $0 |
| Jeff Lutsey | Board Member Trustee or director | 1 | $0 | $0 |
| Steve O'Hearn | Board Member Trustee or director | 1 | $0 | $0 |
| Vicki Wilson | Board Member Trustee or director | 1 | $0 | $0 |
| Steve Kase | Board Member Trustee or director | 1 | $0 | $0 |
| Kaaren Northrop | Board Member Trustee or director | 1 | $0 | $0 |
| Gail Enke | Board Member Trustee or director | 1 | $0 | $0 |
| Tim Treml | Board Member Trustee or director | 1 | $0 | $0 |
| Bret Bicoy | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Roger Johnson | Secretary Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 222 N 3RD AVE, STURGEON BAY, WI 54235-2418
- In care of
- % ALEX J MULLER
- Principal officer (990 for 2025)
- Noel Halvorsen, 437 S Jackson Street, Green Bay, WI 54303
- Signed the 990
- Alex Mueller, Chief Financial Officer
- Phone
- (920) 448-3075
- Website
- builddoorcounty.org
Mission
To offer financing and other tools to increase the construction, availability, and accessibility of affordable workforce housing specifically in Door County, Wisconsin and generally throughout all of Northeast Wisconsin.
Program accomplishments
- The organization was newly established in 2022 and since inception has focused on building its board of directors and technical committees, securing funding, and staffing lending operations. Workforce Housing Lending Corporation's (WHLC) primary funding agreement has been executed with the Wisconsin Housing and Economic Development Authority (WHEDA) to fund $1.5 million in loans from WHLC programs. WHEDA's participation loan requires a dollar-for-dollar match for each loan funded by WHLC, so the board is working with the local foundation to raise matching dollars. In 2025, WHLC closed on a their first loan with a developer that developed eight (8) new housing units in Sturgeon Bay. The developer purchased a mixed use building with an established business at street level and a vacant upstairs, which was completely remodeled to add eight (8) housing units. The $250,000 loan from WHLC helped make this nearly $1.2 million project a reality. We are consistently working with developers to deploy our unique financing tools to bring more housing projects to Door County and advance workforce housing development in the region and have two promising projects in the pipeline currently.Expenses $62,074 · revenue $302,250
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
- 87-4624665
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L82)
- Assets (IRS master file)
- $762,340
- Income (IRS master file)
- $302,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $302,250 | $71,558 | $762,340 | IRS |
| 990 | December 2024 | $80,000 | $57,687 | $580,139 | IRS |
| 990 | December 2023 | $250 | $63 | $500,187 | XML |
| 990-EZ | December 2022 | – | – | – | 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 87-4624665).
Questions about WORKFORCE HOUSING LENDING CORPORATION
- What is the EIN of WORKFORCE HOUSING LENDING CORPORATION?
- The employer identification number (EIN) of WORKFORCE HOUSING LENDING CORPORATION is 87-4624665.
- Is WORKFORCE HOUSING LENDING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WORKFORCE HOUSING LENDING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does WORKFORCE HOUSING LENDING CORPORATION 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 WORKFORCE HOUSING LENDING CORPORATION 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 WORKFORCE HOUSING LENDING CORPORATION 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 WORKFORCE HOUSING LENDING CORPORATION?
- The 990 for the year ended December 31, 2025 names Noel Halvorsen.
- Who are the officers and directors of WORKFORCE HOUSING LENDING CORPORATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does WORKFORCE HOUSING LENDING CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $302,250, expenses of $71,558 and total assets of $762,340 at year end.
Other nonprofits in STURGEON BAY
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- DOOR COUNTY COMMUNITY FOUNDATION INC EIN 39-1980685 · last filed 990 for 2025
- WHITETAILS UNLIMITED INC EIN 39-1415070 · last filed 990 for 2025
- DOOR COUNTY VISITOR BUREAU INC EIN 39-0247160 · last filed 990 for 2025
- DOOR COUNTY YMCA INC EIN 39-1738982 · last filed 990 for 2025
- DOOR COUNTY LAND TRUST INC EIN 39-1561423 · last filed 990 for 2024
- DOOR COUNTY MARITIME MUSEUM & LIGHTHOUSE PRESERVATION SOCIETY IN EIN 23-7054730 · last filed 990 for 2025
- STURGEON BAY HISTORICAL SOCIETY FOUNDATION INC EIN 81-4362375 · last filed 990 for 2024
All nonprofits in STURGEON BAY · Wisconsin · Housing and shelter