Ward Economic Development Corporation
Ward Economic Development Corporation (WEDC) is a Los Angeles-based public charity incorporated in 1987. The organization operates as a 501(c)(3) nonprofit focused on economic development and affordable housing initiatives within the city of Los Angeles.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.4M
-0.8% YoY
Revenue
$762K
-63.8% YoY
Net Investment Income
$513
-57.3% YoY
Expenses
$821K
-61.4% YoY
Mission & Focus Areas
WEDC was created to achieve three primary objectives:
- 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
- Operate and make available additional low-income affordable housing units at various scattered sites in Los Angeles
The organization's primary NTEE classification is Economic Development (S30), with secondary focus areas including nonprofit human services, human and social service grants, poverty alleviation, and community development.
Grantmaking
WEDC is an active grantmaker supporting nonprofits in the Los Angeles area. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
WEDC operates exclusively within the city of Los Angeles, California, focusing its economic development and housing initiatives in this geographic area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary:
- Total Assets: $7,458,628
- Total Revenues: $2,103,934
- Total Expenses: $2,126,887
- Number of Employees: 0
Program Expenses (2023):
- Economic Development and Housing Program: $503,846 in expenses against $761,996 in revenue
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,400,052 | $7,458,628 | $7,530,319 |
| Revenue | $761,996 | $2,103,934 | $3,516,517 |
| Expenses | $821,031 | $2,126,887 | $3,507,270 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $513 | $1,200 | $314 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
Jacquelyn Dupont-Walker serves as Principal Officer of the organization.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT CAMPBELL | CHAIRPERSON | 2 | — |
| JACQUELYN DUPONT-WALKER | SECRETARY | 5 | — |
| ROLAND A WILEY | TREASURER | 5 | — |
| JARRELL DAVIS | MEMBER | 2 | — |
| AMY RICHARDSON | MEMBER | 2 | — |
| ROBERT RUSS | MEMBER | 2 | — |
| BARRY SETTLE | MEMBER | 2 | — |
Frequently Asked Questions
What does Ward Economic Development Corporation fund?
WEDC was created to achieve three primary objectives: 1. 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 3. Operate and make available additional low-income affordable housing units at various scattered sites in Los Angeles The organization's primary NTEE classification is Economic Development (S30), with secondary focus areas including nonprofit human services, human and soc…
How do I apply for a grant from Ward Economic Development Corporation?
WEDC is an active grantmaker supporting nonprofits in the Los Angeles area. Recent grant activity includes: **2023 Grants Made:** • 2nd Call: $75,000 (General Support) • California Black Womens Health Project: $75,000 (General Support) • Telehealth Van: $75,000 (General Support) • Westmont Counseling Center: $75,000 (General Support) The organization made 30 total grants in 2023 totaling $1,338,500. Typical award amounts range from $10,000 to $174,750.
Where does Ward Economic Development Corporation make grants?
WEDC operates exclusively within the city of Los Angeles, California, focusing its economic development and housing initiatives in this geographic area.
What is Ward Economic Development Corporation's EIN?
Ward Economic Development Corporation's EIN (Employer Identification Number) is 95-4206960. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Ward Economic Development Corporation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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