Wisconsin · Nonprofit
WORKFORCE HOUSING LENDING CORPORATION
WORKFORCE HOUSING LENDING CORPORATION (Wisconsin) receives grants from 1 organization whose IRS filings report $580,000 to it, the largest being DOOR COUNTY COMMUNITY FOUNDATION INC ($580,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $302k
- Funders on record
- 1
- Grants received
- $580k
- Net assets
- $253k
What Workforce Housing Lending Corporation does
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.
As stated on its FY2025 Form 990.
Programs
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.
$62,074 spent$302,250 earned by the program100% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $62,074.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $580k to $762k (+31%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2023 0% · 2024 0% · 2025 41%. Grants only. Government contracts and fees sit inside program revenue.
98% of WORKFORCE HOUSING LENDING CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (37% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Noel Halvorsen
President & CEO
Board chair
Bret Bicoy
Board Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of WORKFORCE HOUSING LENDING CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of WORKFORCE HOUSING LENDING CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $580k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
WORKFORCE HOUSING LENDING CORPORATION runs a healthier operating margin than three-quarters of the 4,980 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 4,980 housing & shelter nonprofits $100k–$1M, FY2025
Organizations like WORKFORCE HOUSING LENDING CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Wisconsin
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Neighborhood Housing Services of Green Bay Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for WORKFORCE HOUSING LENDING CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WORKFORCE HOUSING LENDING CORPORATION?
- WORKFORCE HOUSING LENDING CORPORATION (Wisconsin) receives grants from 1 organization whose IRS filings report $580,000 to it, the largest being DOOR COUNTY COMMUNITY FOUNDATION INC ($580,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does WORKFORCE HOUSING LENDING CORPORATION have?
- IRS filings report 1 organization giving $580,000 in grants to WORKFORCE HOUSING LENDING CORPORATION.
- Who is the largest funder of WORKFORCE HOUSING LENDING CORPORATION?
- DOOR COUNTY COMMUNITY FOUNDATION INC is the largest funder on record, with $580,000 in grants. The full list of funders is on this page.
- How can an organization like WORKFORCE HOUSING LENDING CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing