2025-05-13T14:10:05-07:00 2024-12-31 990 2024-01-01 874624665 WORKFORCE HOUSING LENDING CORPORATION WORK 9204483075 222 N 3rd Ave Sturgeon Bay WI 54235 Alex Mueller Chief Financial Officer 9205933705 2025-05-13 1 2024 2025-03-06 01:10:19Z Noel Halvorsen 437 S Jackson Street Green Bay WI 54301 80000 0 X builddoorcounty.org X 2022 WI 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. 13 13 0 17 0 0 250 80000 0 0 0 0 0 0 250 80000 0 0 0 0 0 0 0 0 0 63 57687 63 57687 187 22313 500187 580139 500000 557639 187 22500 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. 0 0 50843 0 80000 The organization was newly established in 2022 and in 2023 focused on building its board of directors and technical committees, securing funding, and finding a lending staff member. Also, a funding agreement was executed with the Wisconsin Housing and Economic Development Authority (WHEDA) to fund $1.5 million in loans from WHLC programs. The commitment from WHEDA is a 0% interest deferred payment loan and was finalized in 2023. Their loan requires a dollar-for-dollar match for each loan funded by our organization, so the board is working with the local foundation to raise matching dollars. In January 2024 a lender was hired to begin bringing the mission of the organization to life. In 2024 we met with many developers and had several potential loans in the pipeline, but none closed in 2024. We have since closed on a loan in 2025 with a developer that will be constructing 8 new housing units in Sturgeon Bay. 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. 0 0 0 50843 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 WI X Alex Mueller 9205933705 437 S Jackson Street Green Bay WI 54301 Noel Halvorsen President & CEO and Vice Chair 4.00 36 X X 0 157537 0 Chris Boland Board Member 1 1 X 0 0 0 Deby Dehn Board Member 1 0 X 0 0 0 John Herlache Board Member 1 0 X 0 0 0 Denis Hogan Board Member 1 0 X 0 0 0 Jeff Lutsey Board Member 1 0 X 0 0 0 Steve O'Hearn Board Member 1 0 X 0 0 0 Steve Kase Board Member 1 0 X 0 0 0 Kaaren Northrop Board Member 1 0 X 0 0 0 Gail Enke Board Member 1 0 X 0 0 0 Tim Treml Board Member 1 0 X 0 0 0 Bret Bicoy Chair 2 0 X 0 0 0 Roger Johnson Secretary 1 0 X 0 0 0 0 157537 0 0 0 1 0 0 0 0 0 0 0 80000 0 80000 0 0 0 0 0 0 0 80000 0 0 0 X 1495 1495 50018 43174 6844 801 801 2230 2230 1132 1132 2011 2011 57687 50843 6844 0 500187 580139 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 500187 580139 0 57639 0 0 500000 500000 0 0 0 0 0 0 0 0 0 0 0 500000 557639 X 187 22500 0 0 187 22500 500187 580139 22313 0 0 0 0 0 X 0 1 X 1 0 X X X 1 NeighborWorks Green Bay 391402851 7 1 0 0 1 0 0 0 250 80000 80250 0 0 0 0 0 0 0 0 0 0 0 250 80000 80250 80250 0 0 0 0 0 0 0 0 0 0 0 0 80250 0 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 0 0 0 0 0 0 Noel Halvorsen President & CEO and Vice Chair 0 148998 0 0 0 0 0 8539 0 0 0 157537 0 146368 Schedule J, Part I, Line 3 The compensation reported in Part VII of the Form 990 is compensation to the President and CEO of the parent company of Workforce Housing Lending Corporation and is paid by the parent company. CEO compensation is reviewed and determined by the parent company's board's executive committee using comparability data from like organizations nationally as well as comparative data from local and regional groups. Form 990, Part VI, Section A, Line 6 Residents and business owners operating within our lending area are eligible members of the corporation. Members elect the directors that make up the governing body. Form 990, Part VI, Section A, Line 7a Elections for directors are held at the annual meeting of the corporation where members of the corporation nominate and vote for the directors of the corporation. Form 990, Part VI, Section B, Line 11b The Form 990 is sent to the appropriate board and staff members for review and comment prior to filing. Form 990, Part VI, Section B, Line 12c The organization has each board member sign a conflict of interest policy upon joining the board and then annually thereafter. Form 990, Part VI, Section C, Line 19 Financial statements and policies are available upon request. Form 990, Part IX, Line 11g WHLC Program Service Expenses - Staff support from parent organization WHLC Management and General Expenses - Staff support from parent organization Neighborhood Housing Services of Green Bay Inc NeighborWorks Green Bay 437 S Jackson Street Green Bay WI 54301 391402851 Affordable Housing WI 501(c)(3) Charitable Org. N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0