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TO PRESERVE, PROVIDE, AND PROTECT AFFORDABLE HOUSING FOR THE LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES LIVING IN THE STATE OF WISCONSIN.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$79.2M
Program Spending
89%
of total expenses go to program services
Total Contributions
$6.2M
Total Expenses
▼$74.2M
Total Assets
$521.6M
Total Liabilities
▼$362.1M
Net Assets
$159.5M
Officer Compensation
→$1.5M
Other Salaries
$3.2M
Investment Income
$2M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$25.5M
Awards Found
7
Department of the Treasury
$6M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$6M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$4.5M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of Housing and Urban Development
$621.5K
MULTIFAMILY HOUSING SERVICE COORDINATORS
Department of Housing and Urban Development
$620.4K
MULTIFAMILY HOUSING SERVICE COORDINATORS
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $89.9M | Yes | 2026-06-03 |
| 2024 | Clean | Unmodified (Clean) | $87.7M | Yes | 2025-06-18 |
| 2023 | Minor Findings | Unmodified (Clean) | $83.8M | Yes | 2024-06-17 |
| 2022 | Clean | Unmodified (Clean) | $83.6M | Yes | 2023-06-04 |
| 2021 | Clean | Unmodified (Clean) | $73.7M | Yes | 2022-06-21 |
| 2020 | Clean | Unmodified (Clean) | $72.2M | Yes | 2021-06-07 |
| 2019 | Clean | Unmodified (Clean) | $70.6M | Yes | 2020-06-30 |
| 2018 | Clean | Unmodified (Clean) | $71M | Yes | 2019-06-30 |
| 2017 | Clean | Unmodified (Clean) | $63.5M | Yes | 2018-06-10 |
| 2016 | Clean | Unmodified (Clean) | $61.2M | Yes | 2017-06-18 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$89.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$87.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$83.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$83.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$73.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$72.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$70.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$71M
Financial Report
Unmodified (Clean)
Federal Expenditure
$63.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$61.2M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $79.2M | $6.2M | $74.2M | $521.6M | $159.5M |
| 2023 | $73.4M | $8.5M | $68.9M | $469.7M | $154.5M |
| 2022 | $56.5M | $6.9M | $55M | $406.7M | $150.7M |
| 2021 | $53.8M | $5.4M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Mary Wright | President | 40 | $426.3K | $0 | $36.6K | $462.9K |
| Michael Slavish | Chief Operating Officer | 40 | $299.9K | $0 | $30.4K | $330.2K |
| Joseph Carpenter | Chief Financial Officer | 40 | $281.4K | $0 | $31.4K | $312.8K |
| Lee Ferderer | Vice President & General Counsel | 40 | $271.1K | $0 | $16K | $287.1K |
| Erbert Johnson | Chairman | 8 | $29.9K | $0 | $0 | $29.9K |
| Brett Gerber | Treasurer | 2 | $16.3K | $0 | $0 | $16.3K |
| David Strelitz | Secretary | 2 | $12.2K | $0 | $0 | $12.2K |
| Richard A Hansen | Director | 1 | $2,500 | $0 | $0 | $2,500 |
Mary Wright
President
$462.9K
Hrs/Wk
40
Compensation
$426.3K
Related Orgs
$0
Other
$36.6K
Michael Slavish
Chief Operating Officer
$330.2K
Hrs/Wk
40
Compensation
$299.9K
Related Orgs
$0
Other
$30.4K
Joseph Carpenter
Chief Financial Officer
$312.8K
Hrs/Wk
40
Compensation
$281.4K
Related Orgs
$0
Other
$31.4K
Lee Ferderer
Vice President & General Counsel
$287.1K
Hrs/Wk
40
Compensation
$271.1K
Related Orgs
$0
Other
$16K
Erbert Johnson
Chairman
$29.9K
Hrs/Wk
8
Compensation
$29.9K
Related Orgs
$0
Other
$0
Brett Gerber
Treasurer
$16.3K
Hrs/Wk
2
Compensation
$16.3K
Related Orgs
$0
Other
$0
David Strelitz
Secretary
$12.2K
Hrs/Wk
2
Compensation
$12.2K
Related Orgs
$0
Other
$0
Richard A Hansen
Director
$2,500
Hrs/Wk
1
Compensation
$2,500
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Matthew Childress | Development & Acquisitions Manager | 40 | $159.8K | $0 | $33.4K | $193.2K |
| Megan Walela | Development & Acquisitions Manager | 40 | $152K | $0 | $24.4K | $176.4K |
| Nicole Perry-Besley | Assistant VP - Asset Management | 40 | $148.5K | $0 | $14.2K | $162.7K |
| Mark Van Den Broeke | Construction Manager | 40 | $142.4K | $0 | $18.2K | $160.7K |
| Brian Coda | Director Of Accounting | 40 | $129K | $0 | $22.1K | $151.1K |
Matthew Childress
Development & Acquisitions Manager
$193.2K
Hrs/Wk
40
Compensation
$159.8K
Related Orgs
$0
Other
$33.4K
Megan Walela
Development & Acquisitions Manager
$176.4K
Hrs/Wk
40
Compensation
$152K
Related Orgs
$0
Other
$24.4K
Nicole Perry-Besley
Assistant VP - Asset Management
$162.7K
Hrs/Wk
40
Compensation
$148.5K
Related Orgs
$0
Other
$14.2K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Dan Kroetz | Director | 2 | $8,250 | $0 | $0 | $8,250 |
| James P Carter | Director | 2 | $8,800 | $0 | $0 | $8,800 |
| Natalie Erdman | Director | 2 | $9,350 | $0 | $0 | $9,350 |
| Regina Dunkin | Director | 2 | $6,600 | $0 | $0 | $6,600 |
| Wendy Baumann | Director | 2 | $6,600 | $0 | $0 | $6,600 |
Dan Kroetz
Director
$8,250
Hrs/Wk
2
Compensation
$8,250
Related Orgs
$0
Other
$0
James P Carter
Director
$8,800
Hrs/Wk
2
Compensation
$8,800
Related Orgs
$0
Other
$0
Natalie Erdman
Director
$9,350
Hrs/Wk
2
Compensation
$9,350
Related Orgs
$0
Other
$0
| $49.2M |
| $363.1M |
| $146.5M |
| 2020 | $53.1M | $2.3M | $48.3M | $347.4M | $139.4M |
| 2019 | $59.8M | $592.1K | $48M | $341.7M | $134.9M |
| 2018 | $54.4M | $4.1M | $47.3M | $339.9M | $122.8M |
| 2017 | $44.5M | $20.9M | $41.9M | $342.1M | $115.5M |
| 2016 | $39.5M | $18.6M | $38.1M | $283.7M | $112.1M |
| 2015 | $39.6M | $18.5M | $35.8M | $273.8M | $109.9M |
| 2014 | $45.5M | $19.7M | $37.3M | $275.8M | $105.6M |
| 2013 | $37.6M | $20.6M | $36.4M | $269M | $96.3M |
| 2012 | $43.9M | $22.6M | $35.4M | $262.9M | $93.2M |
| 2011 | $57.5M | $28.3M | $39.4M | $244.8M | $84.8M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
Mark Van Den Broeke
Construction Manager
$160.7K
Hrs/Wk
40
Compensation
$142.4K
Related Orgs
$0
Other
$18.2K
Brian Coda
Director Of Accounting
$151.1K
Hrs/Wk
40
Compensation
$129K
Related Orgs
$0
Other
$22.1K
Regina Dunkin
Director
$6,600
Hrs/Wk
2
Compensation
$6,600
Related Orgs
$0
Other
$0
Wendy Baumann
Director
$6,600
Hrs/Wk
2
Compensation
$6,600
Related Orgs
$0
Other
$0