Ward Economic Development Corporation

Foundation · Grantmaker LOS ANGELES, CA EIN: 95-4206960

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.

Key facts about Ward Economic Development Corporation

EIN: 95-4206960
Latest 990 filing: Form 990-PF, 2024
Total assets: $7,400,052

Data from IRS Form 990-PF, 2024; updated June 2026.

How Ward Economic Development Corporation gives

20% of 2023 grantees were also funded in 2022. Method

Estimate from itemized IRS Form 990-PF grant lists (2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

California $4.0M (100%)

States

California

Cities

Los AngelesGranada HillsInglewood

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

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 2023 IRS filing

From 2024 IRS 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.