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To foster, support, provide, acquire, construct, rehabilitate and operate qualified affordable housing for low-income persons and families, elderly, and mentally or physically disabled persons where no adequate housing exists for such persons. Provide aid to the poor and distressed, provide decent, safe and sanitary housing, provide social services to low income persons and families, assist in the social and economic integration of the poor, combat community deterioration, lessen neighborhood tensions, eliminate prejudice and discrimination, and reduce the burden of government through the provision of affordable housing.In order to further assist the communities the Foundation serves or will serve, the board amended the Articles of Incorporation to include the charitable purpose of providing student housing as part of its charitable purposes, and filed the amended articles with the IRS and the South Carolina Secretary of State as of April 24, 2004. The board of directors concluded that
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$120.9M
Program Spending
98%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$117.6M
Total Assets
$439.2M
Total Liabilities
▼$529.2M
Net Assets
-$89.9M
Officer Compensation
→$1.9M
Other Salaries
$3.9M
Investment Income
$16.4M
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $500.7K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
GWJ Charitable Foundation Inc84-4027942 | Doral, FL | $300.7K | Non-Cash | Scholarships |
FIU Foundation Inc23-7047106 | Miami, FL | $200K | Cash | Scholarships and Academic Support |
| Total | $500.7K | |||
GWJ Charitable Foundation Inc
Doral, FL
$300.7K
Miami, FL
$200K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
5
Clean Audits
3
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2023 | Material Weakness | Unmodified (Clean) | $79.1M | No | 2024-09-09 |
| 2022 | Material Weakness | Unmodified (Clean) | $80.8M | No | 2023-09-26 |
| 2021 | Clean | Unmodified (Clean) | $82.3M | No | 2022-07-06 |
| 2020 | Clean | Unmodified (Clean) | $79.2M | No | 2022-06-09 |
| 2018 | Clean | Unmodified (Clean) | $27.6M | No | 2019-10-20 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$79.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$80.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$82.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$79.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$27.6M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $120.9M | $0 | $117.6M | $439.2M | -$89.9M |
| 2023IRS e-File | $101M | $0 | $112.4M | $528.1M | -$97.8M |
| 2022 | $98M | $0 | $106.2M | $541M | -$85M |
| 2021 | $103.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Michael Nguyen | President & CEO | 40 | $574.5K | $0 | $33.5K | $608K |
| Wilfredo Saqueton | Cfo, Scty,treas | 40 | $289.6K | $0 | $19.6K | $309.2K |
Michael Nguyen
President & CEO
$608K
Hrs/Wk
40
Compensation
$574.5K
Related Orgs
$0
Other
$33.5K
Wilfredo Saqueton
Cfo, Scty,treas
$309.2K
Hrs/Wk
40
Compensation
$289.6K
Related Orgs
$0
Other
$19.6K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alan Naul | Trustee | 2 | $10K | $0 | $0 | $10K |
| Amanda Mccullough | Trustee Li Rep | 2 | $10K | $0 | $0 | $10K |
| James Kilpatrick Smith | Trustee | 2 | $5,000 | $0 | $0 | $5,000 |
| Michael Duffy | Chairman | 2 | $10K | $0 | $0 | $10K |
| Rachel Hayden | Trustee | 2 | $10K | $0 | $0 | $10K |
| Robert Voelker | Trustee |
Alan Naul
Trustee
$10K
Hrs/Wk
2
Compensation
$10K
Related Orgs
$0
Other
$0
Amanda Mccullough
Trustee Li Rep
$10K
Hrs/Wk
2
Compensation
$10K
Related Orgs
$0
Other
$0
James Kilpatrick Smith
Trustee
$5,000
Hrs/Wk
2
Compensation
$5,000
Related Orgs
$0
Other
$0
| $3M |
| $103M |
| $500M |
| -$76.9M |
| 2020 | $148.6M | $0 | $94M | $523.7M | -$77.5M |
| 2019 | $101.1M | $0 | $96.8M | $554.4M | -$132M |
| 2018 | $65M | $0 | $68.2M | $464.2M | -$125.8M |
| 2017 | $86M | $0 | $67.9M | $235.6M | -$122.4M |
| 2016 | $66.9M | $1.7M | $65.9M | $221.7M | -$140.4M |
| 2015 | $62.4M | $0 | $64.4M | $223.6M | -$140.8M |
| 2014 | $97.9M | $0 | $65.2M | $225.8M | -$139.9M |
| 2013 | $63.9M | $0 | $69.5M | $242.2M | -$176.2M |
| 2012 | $59M | $0 | $70.2M | $246.8M | -$173.5M |
| 2011 | $52.6M | $0 | $68.8M | $259.7M | -$164.6M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990-EZ | — |
| — |
| $2,500 |
| $0 |
| $0 |
| $2,500 |
| Ruben Gomez | Trustee Li Rep | 2 | $10K | $0 | $0 | $10K |
| Stepanie Laxton | Trustee Li Rep | 2 | $10K | $0 | $0 | $10K |
Michael Duffy
Chairman
$10K
Hrs/Wk
2
Compensation
$10K
Related Orgs
$0
Other
$0
Rachel Hayden
Trustee
$10K
Hrs/Wk
2
Compensation
$10K
Related Orgs
$0
Other
$0
Robert Voelker
Trustee
$2,500
Hrs/Wk
—
Compensation
$2,500
Related Orgs
$0
Other
$0
Ruben Gomez
Trustee Li Rep
$10K
Hrs/Wk
2
Compensation
$10K
Related Orgs
$0
Other
$0
Stepanie Laxton
Trustee Li Rep
$10K
Hrs/Wk
2
Compensation
$10K
Related Orgs
$0
Other
$0