Nonprofit · EIN 95-4206960
THE WARD ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LOS ANGELES, CA 90007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $761,996 | $821,031 | -$59,035 | $7,400,052 | $4,336,958 | $3,063,094 |
| December 31, 2023 | 990 | $2,103,934 | $2,126,887 | -$22,953 | $7,458,628 | $4,336,499 | $3,122,129 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,000
- Program service revenue
- $188,520
- Investment income
- $513
- Net rental income
- $562,904
- Other revenue
- $567,963
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $65,000
- Other salaries and wages
- $81,158
- Salaries, compensation and benefits (total)
- $172,630
- Professional fundraising fees
- $0
- Depreciation
- $59,977
- Program services (functional)
- $503,846
- Management and general (functional)
- $317,185
Balance sheet and other
- Total assets, start of year
- $7,458,628
- Total assets, end of year
- $7,400,052
- Total liabilities, end of year
- $4,336,958
- Net assets, end of year
- $3,063,094
- Land, buildings and equipment
- $3,483,620
- Net assets without donor restrictions
- $3,063,094
- Gross receipts
- $761,996
- Employees
- 11
- Volunteers
- 105
- Year formed
- 1987
- State of legal domicile
- CA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT CAMPBELL | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| JACQUELYN DUPONT-WALKER | SECRETARY Trustee or director, Officer | 5 | $0 |
| ROLAND A WILEY | TREASURER Trustee or director, Officer | 5 | $0 |
| JARRELL DAVIS | MEMBER Trustee or director | 2 | $0 |
| AMY RICHARDSON | MEMBER Trustee or director | 2 | $0 |
| ROBERT RUSS | MEMBER Trustee or director | 2 | $0 |
| BARRY SETTLE | MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACQUELYN DUPONT-WALKER | SECRETARY Trustee or director, Officer | 5 | $65,000 |
| ROBERT CAMPBELL | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| ROLAND A WILEY | TREASURER Trustee or director, Officer | 5 | $0 |
| JARRELL DAVIS | MEMBER Trustee or director | 2 | $0 |
| AMY RICHARDSON | MEMBER Trustee or director | 2 | $0 |
| ROBERT RUSS | MEMBER Trustee or director | 2 | $0 |
| BARRY SETTLE | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7231, LOS ANGELES, CA 90007-0231
- Principal officer (990 for 2024)
- JACQUELYN DUPONT-WALKER, 1177 WEST ADAMS BOULEVARD, LOS ANGELES, CA 90007
- Signed the 990
- JACQUELYN DUPONT-WALKER, PRESIDENT
- Phone
- (213) 747-1188
- Return prepared by
- KELLER AND ASSOCIATES LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4206960 or by the name THE WARD ECONOMIC DEVELOPMENT CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- 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.Expenses $503,846 · revenue $761,996
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 | Not 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
- 95-4206960
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,400,052
- Income (IRS master file)
- $761,996
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $761,996 | $821,031 | $7,400,052 | XML |
| 990 | December 2023 | $2,103,934 | $2,126,887 | $7,458,628 | XML |
| 990 | December 2022 | $3,516,517 | $3,507,270 | $7,530,319 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 95-4206960).
Questions about THE WARD ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of THE WARD ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of THE WARD ECONOMIC DEVELOPMENT CORPORATION is 95-4206960.
- Is THE WARD ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to THE WARD ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE WARD ECONOMIC DEVELOPMENT 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 THE WARD ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE WARD ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE WARD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JACQUELYN DUPONT-WALKER.
- Who are the officers and directors of THE WARD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE WARD ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $761,996, expenses of $821,031 and total assets of $7,400,052 at year end.
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