2023-11-03T09:20:42-05:00 2022-12-31 203557677 KELLER AND ASSOCIATES LLP 18645 SHERMAN WAY SUITE 110 RESEDA CA 91335 990 2022-01-01 954206960 WARD ECONOMIC DEVELOPMENT CORPORATION WARD 2137471188 1177 WEST ADAMS BOULEVARD LOS ANGELES CA 90007 JACQUELYN DUPONT-WALKER PRESIDENT 2137471188 2023-11-03 1 JACQUELYN DUPONT-WALKER 999009999 0 DAVID KELLER P00227750 8183833079 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JACQUELYN DUPONT-WALKER 1177 WEST ADAMS BOULEVARD LOS ANGELES CA 90007 3516517 0 X N/A X 1987 CA 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. 7 7 9 950 0 0 87560 2806150 71040 169763 74 314 487539 540290 646213 3516517 0 2677750 0 0 94888 180111 0 0 0 519103 649409 613991 3507270 32222 9247 7561759 7530319 4425924 4385237 3135835 3145082 X 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. 0 0 3205734 3516517 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. 3205734 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 CA X X JACQUELYN DUPONT-WALKER 2137471188 1177 WEST ADAMS BOULEVARD LOS ANGELES CA 90007 ROBERT CAMPBELL CHAIRPERSON 2.00 X X 0 0 0 JACQUELYN DUPONT-WALKER SECRETARY 5.00 X X 0 0 0 ROLAND A WILEY TREASURER 5.00 X X 0 0 0 JARRELL DAVIS MEMBER 2.00 X 0 0 0 AMY RICHARDSON MEMBER 2.00 X 0 0 0 ROBERT RUSS MEMBER 2.00 X 0 0 0 BARRY SETTLE MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 2726150 80000 2806150 FISCAL AGENT FEES 139763 139763 MANAGEMENT FEES 30000 30000 169763 314 314 536109 0 536109 536109 536109 LAUNDRY INCOME 3936 3936 OTHER REVENUES 245 245 4181 3516517 710367 0 0 2677750 2677750 54080 44135 9945 98581 24492 74089 27450 25791 1659 30000 30000 35329 21298 14031 76527 22757 53770 57549 57549 95915 27763 68152 REPAIRS AND MAINTENANCE 124364 89475 34889 UTILITIES 70059 66871 3188 OUTSIDE AND PROFESSIONA 66651 65587 1064 REAL ESTATE TAXES 47285 16226 31059 45730 36040 9690 3507270 3205734 301536 0 173165 195205 85386 89455 2000 2000 1183000 1183000 6006291 2420540 3643300 3585751 2474908 2474908 7561759 7530319 95785 96029 3372188 3328026 957951 961182 4425924 4385237 X 3135835 3145082 3135835 3145082 7561759 7530319 9247 0 X 0 1 X 1 0 X 1210 31412 222701 87560 2806150 3149033 570659 1183761 832171 558579 710053 3855223 571869 1215173 1054872 646139 3516203 7004256 0 0 0 7004256 25 497 521 74 314 1431 25 497 521 74 314 1431 571894 1215670 1055393 646213 3516517 7005687 0.99980 0.99940 0.00020 0.00060 X 2945900 2945900 3017425 2377574 639851 42966 42966 0 3585751 INTEREST RECEIVABLE 2474908 2474908 INTEREST PAYABLE 673130 DUE TO RELATED PARTY 220523 EQUITY INVESTMENT IN AFFILIATES 21296 TENANT SECURITY DEPOSITS PAYABLE 46233 961182 3516517 0 3516517 0 3516517 3507270 0 3507270 0 3507270 1 24TH STREET THEATRE COMPANY 1117 W 24TH STREET LOS ANGELES CA 90007 954607337 501(C)(3) 50000 0 GENERAL SUPPORT A STEP TO FREEDOM 156 E 104TH STREET LOS ANGELES CA 90003 954704879 501(C)(3) 50000 0 GENERAL SUPPORT ADVOCATES FOR PEACE AND URBAN UNITY 8453 S VERMONT AVE LOS ANGELES CA 90044 800220656 501(C)(3) 50000 0 GENERAL SUPPORT AL WOOTEN JR YOUTH CENTER 9106 S WESTERN AVE LOS ANGELES CA 90047 954295918 501(C)(3) 75000 0 GENERAL SUPPORT BABY (BROTHERS AGAINST BANGING YOUTH) 5472 CRENSHAW BLVD STE 562 LOS ANGELES CA 90043 264019285 501(C)(3) 75000 0 GENERAL SUPPORT BETHEL LA COMMUNITY DEVELOPMENT CORPORATION 7911 S WESTERN AVE LOS ANGELES CA 90047 510429735 501(C)(3) 75000 0 GENERAL SUPPORT BLACK BUSINESS ASSOCIATION LOS ANGELES 3701 STOCKER ST STE 412 LOS ANGELES CA 90008 953166199 501(C)(3) 50000 0 GENERAL SUPPORT BLACK STAR LACROSSE 207 WEST 92ND STREET LOS ANGELES CA 90003 862438696 501(C)(3) 20000 0 GENERAL SUPPORT BRIDGE BUILDERS FOUNDATION INC 3787 SOUTH VERMONT AVE LOS ANGELES CA 90007 330846590 501(C)(3) 75000 0 GENERAL SUPPORT BUTTERFLYS HAVEN 3766 LA SALLE AVE LOS ANGELES CA 90043 881587005 501(C)(3) 75000 0 GENERAL SUPPORT COMMUNITY LITERATURE INICITIVE 2702 W FLORENCE AVE LOS ANGELES CA 90043 473601335 501(C)(3) 55000 0 GENERAL SUPPORT LOS ANGELES BLACK WORKER CENTER 5350 S CRENSHAW BLVD LOS ANGELES CA 90043 863395355 501(C)(3) 75000 0 GENERAL SUPPORT COMMUNITY PARTNERS FBO THE HEALING CIRCLE LA 1000 N ALAMEDA ST SUITE 240 LOS ANGELES CA 90043 844246686 501(C)(3) 75000 0 GENERAL SUPPORT COMMUNITY REFLECTIONS 10020 S WESTERN AVE LOS ANGELES CA 90047 300796516 501(C)(3) 25000 0 GENERAL SUPPORT CRETE ACADEMY 6103 CRENSHAW BLVD LOS ANGELES CA 90043 813735306 501(C)(3) 75000 0 GENERAL SUPPORT GIRLS CLUB OF LOS ANGELES 2057 W CENTURY BLVD LOS ANGELES CA 90047 237203822 501(C)(3) 50000 0 GENERAL SUPPORT JAZZ STEPPING STONES 154 W 101ST STREET LOS ANGELES CA 90003 364735278 501(C)(3) 40000 0 GENERAL SUPPORT JEFFERSON EXPOSITION PARK WEST ADAMS COMMUNITY LAND TRUST (JEPWA CLT) 1053 S NEW HAMPSHIRE AVE LOS ANGELES CA 90006 954392004 501(C)(3) 25000 0 GENERAL SUPPORT MEN TAKING OVER REFORMING SOCIETY INC 3019 SOUTH GRAND AVENUE LOS ANGELES CA 90043 814968942 501(C)(3) 75000 0 GENERAL SUPPORT MOTHERS IN ACTION 4401 CRENSHAW BLVD SUITE 204 LOS ANGELES CA 90043 954688627 501(C)(3) 50000 0 GENERAL SUPPORT NDICA 6065 S WESTERN AVE LOS ANGELES CA 90047 831940543 501(C)(3) 50000 0 GENERAL SUPPORT OPEN ARMS FOOD PANTRY AND RESOURCE CENTER 2010 W 62ND ST LOS ANGELES CA 90047 831054330 501(C)(3) 50000 0 GENERAL SUPPORT PROJECT 43 TEEN POST CENTERS 6760 6TH AVE LOS ANGELES CA 90043 842269509 501(C)(3) 35000 0 GENERAL SUPPORT PROJECT PEACEMAKERS INCORPORATED (PPMI) 1826 W 54TH STREET LOS ANGELES CA 90043 954561298 501(C)(3) 75000 0 GENERAL SUPPORT RESTORATION COMMUNITY DEVELOPMENT CORPORATION 4218 8TH AVENUE LOS ANGELES CA 90008 474270864 501(C)(3) 40000 0 GENERAL SUPPORT SHE READY FOUNDATION 1130 WEST SLAUSON AVE LOS ANGELES CA 90044 823241992 501(C)(3) 75000 0 GENERAL SUPPORT SOLA COMMUNITY PEACE CENTER 3651 S VERMONT AVE LOS ANGELES CA 90007 371945764 501(C)(3) 50000 0 GENERAL SUPPORT SISTAHFRIENDS WOMEN'S COUNSELING AND ELDERCARE MANAGEMENT 5009 CIMARRON STREET LOS ANGELES CA 90062 264102329 501(C)(3) 75000 0 GENERAL SUPPORT SOUTH TRUST LA 4331 S MAIN ST LOS ANGELES CA 90037 421687057 501(C)(3) 50000 0 GENERAL SUPPORT STEM TO THE FUTURE 1510 W 36TH ST SUITE 1 LOS 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ANGELES CA 90043 464920236 501(C)(3) 75000 0 GENERAL SUPPORT WEINGART YMCA WELLNESS & AQUATIC CENTER 9900 S VERMONT LOS ANGELES CA 90044 951644052 501(C)(3) 75000 0 GENERAL SUPPORT WEST ANGELES CDC 6028 CRENSHAW BLVD LOS ANGELES CA 90043 954486925 501(C)(3) 75000 0 GENERAL SUPPORT WESTMONT COUNSELING CENTER 1704 W MANCHESTER AVE 202A LOS ANGELES CA 90047 821236510 501(C)(3) 75000 0 GENERAL SUPPORT WHITE HALL ARTS ACADEMY FOUNDATION 2812 W 54TH STREET LOS ANGELES CA 90043 823929258 501(C)(3) 50000 0 GENERAL SUPPORT LOS ANGELES CITY COUNSEL DISTRICT 8 COMMUNITY ACTIVITIES GRANT VARIOUS QUALIFIED CHARITABLE ORGANIZATIONS LOS ANGELES CA 90007 999999999 501(C)(3) 174750 0 GENERAL SUPPORT 43 43 PART I, LINE 2: REQUIRED REPORTS ARE MAINTAINED BY MANAGEMENT, AS REQUIRED IN THE RESPECTIVE AGREEMENTS, AS WELL AS A THIRD PARTY REVIEW FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED WITH THE PRESIDENT OF WARD ECONOMIC DEVELOPMENT CORPORATION PRIOR TO EFILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS A COMPONENT OF THE OVERALL BOARD OF DIRECTORS POLICY. IT IS DISCLOSED AS A PART OF THE ORGANIZATIONAL POLICY MANUAL FOR THE BOARD OF DIRECTORS, AS WELL AS THE OFFICERS OF WARD ECONOMIC DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 THE WARD ECONOMIC DEVELOPMENT CORPORATION GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND NONPROFIT INFORMATIONAL TAX RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.