Ward Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954206960 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is Ward Economic Development Corporation?

Ward Economic Development Corporation, established in 1987 in accordance with California's general nonprofit corporation law, is a nonprofit organization situated in Los Angeles, California. Its primary mission is twofold: firstly, to identify and explore economic development opportunities within the city of Los Angeles; and secondly, to address the housing needs of the community by providing 91 units of low-income housing through Tuelyn Terrace and the operation and availability of additional affordable housing units at various scattered sites across the city. With a team of nine dedicated individuals, Ward Economic Development Corporation plays a significant role in supporting economic growth and providing affordable housing options for the residents of Los Angeles.


Is Ward Economic Development Corporation legitimate?

Ward Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ward Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $54,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,581

For more financial information, click here


What is the mission statement of Ward Economic Development Corporation?
Who is the CEO of Ward Economic Development Corporation?
What is the revenue of Ward Economic Development Corporation?
Who are the executives of Ward Economic Development Corporation and what are their salaries?
Where can I find the form 990 for Ward Economic Development Corporation?

Mission Statement of Ward Economic Development Corporation

Ward Economic Development Corporation, established in 1987, was incorporated under the General Nonprofit Corporation Law of California with a primary mission. This mission encompasses three key objectives. Firstly, the organization is committed to identifying and pursuing economic development opportunities within the city of Los Angeles. Secondly, Ward Economic Development Corporation operates Tuelyn Terrace, providing 91 units of low-income housing. Lastly, the corporation also strives to make additional low-income affordable housing units available at various scattered locations in Los Angeles. Essentially, Ward Economic Development Corporation's purpose is to contribute to the economic growth of its city while simultaneously addressing the housing needs of its low-income residents.

Impact

This information is meant to be a general summary of Ward Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Sunday, July 21, 2024

Ward Economic Development Corporation has had a significant impact on the City of Los Angeles. Through its work in identifying and pursuing economic development opportunities, the organization has played a key role in fostering growth and prosperity within the community. Furthermore, the provision of 91 units of low-income housing at Truelyn Terrace and the availability of additional affordable housing units at various scattered sites have greatly contributed to addressing housing needs and improving the quality of life for low-income residents in Los Angeles. Ward Economic Development Corporation's initiatives align with its mission to promote economic development and provide essential housing solutions, making a tangible difference in the lives of many individuals and families in the city.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $314
  • Program Service Revenue: $169,763
  • Gross Receipts: $3,516,517

    • Assets and Liabilities:
  • Total Assets: $7,530,319
  • Total Liabilities: $4,385,237
  • Net Assets: $3,145,082
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FISCAL AGENT FEES

    Revenue

    $139,763

    MANAGEMENT FEES

    Revenue

    $30,000

    Organization Details

    Founding Year

    1987

    Principal Officer

    Jacquelyn Dupont-Walker

    Main Address

    1177 WEST ADAMS BOULEVARD, LOS ANGELES, CA, 90007

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Ward Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.