UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING

                                                         SEC FILE NUMBER: 0-5418
                                                       CUSIP NUMBER: 93163V 10 9

              |_|  Form 10-K   |_|  Form 20-F   |_|  Form 11-K    |X|  Form 10-Q
                     |_|  Form 10-D    |_|  Form N-SAR    |_|  Form N-CSR
                               For Period Ended: March 31, 2005

|_|  Transition Report on Form 10-K  |_|  Transition Report on Form 20-F
|_|  Transition Report on Form 11-K |_| Transition Report on Form 10-Q
|_|  Transition Report on Form N-SAR
     For the Transition Period Ended:

      Nothing in this form shall be construed to imply that the Commission
                 has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: Not applicable

PART I - REGISTRANT INFORMATION

Full Name of Registrant: Walker Financial Corporation
Former Name if Applicable:  Not Applicable
Address of Principal Executive Office: 990 Stewart Avenue - Suite 60A, Garden
City, New York 11530

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.

|X|    (a)    The reasons described in reasonable detail in Part III of this
              form  could  not be  eliminated  without  unreasonable  effort  or
              expense;
       (b)    The subject annual report,  semi-annual report,  transition report
              on Form 10-K,  Form 20-F,  Form 11-K, Form N-SAR or Form N-CSR, or
              portion thereof, will be filed on or before the fifteenth calendar
              day following the  prescribed  due date; or the subject  quarterly
              report or transition  report on Form 10-Q or subject  distribution
              report  on Form  10-D,  or  portion  thereof,  will be filed on or
              before the fifth  calendar day following the  prescribed due date;
              and
       (c)    The  accountant's  statement  or other  exhibit  required  by Rule
              12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable  detail the reasons why Forms 10-K,  20-F, 11-K, 10-Q,
10-D, N-SAR , N-CSR or the transition  report or portion  thereof,  could not be
filed within the prescribed period.

       The registrant is in the process of  implementing  its business model and
       seeking equity and/or debt financing.  The unavailability of staff due to
       the ongoing  implementation  of its business  model and in order to focus
       attention  on obtaining  equity  and/or debt  financing  has required the
       registrant's executive officer and employees to devote substantial effort
       and expense which  otherwise  would have been devoted to the  preparation
       and filing of the  registrant's  Quarterly  Report on Form 10-QSB for the
       year ended March 31, 2005. For such reason, the subject Form 10-QSB could
       not be filed within the prescribed period.



PART IV - OTHER INFORMATION

(1)    Name and  telephone  number  of  person  to  contact  in  regard  to this
       notification: Mitchell S. Segal, President: (516) 832-7000

(2)    Have all other periodic reports required under Section 13 or 15(d) of the
       Securities  Exchange Act of 1934 or Section 30 of the Investment  Company
       Act of 1940 during the  preceding  12 months or for such  shorter  period
       that the registrant  was required to file such  report(s) been filed?  If
       the answer is no, identify report(s).
                                                |X|  Yes     |_|  No

(3)    Is it anticipated  that any  significant  change in results of operations
       from the corresponding  period for the last fiscal year will be reflected
       by the  earnings  statements  to be  included  in the  subject  report or
       portion thereof?
                                                |X|  Yes     |_|  No

       If so, attach an explanation of the anticipated  change, both narratively
       and  quantitatively,  and,  if  appropriate,  state  the  reasons  why  a
       reasonable estimate of the results cannot be made.

              The registrant  anticipates  reporting a net loss of approximately
              $250,000 on net sales of $69,000  for the quarter  ended March 31,
              2005,  compared  to a net loss of $406,130 on net sales of $50,000
              for the quarter ended March 31, 2005.

Walker  Financial  Corporation has caused this  notification to be signed on its
behalf by the undersigned thereunto duly authorized.


Date: May 16, 2005                   Walker Financial Corporation

                                     By:        /s/ Mitchell S. Segal
                                          --------------------------------------
                                                Mitchell S. Segal, President

                                       2