Womens Housing And Economic Development Corporation
- Assets
- $42.2m
- Revenue
- $35.6m
- Investments
- $0.0
- Employees
- 435
- Location
- Bronx, NY
- Founding
- 06/1996
- Data as of
- 06/2022
- EIN
- 11-3099604
Organization Overview
Womens Housing And Economic Development Corporation is located in Bronx, NY. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Womens Housing And Economic Development Corporation employed 435 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Housing And Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Womens Housing And Economic Development Corporation generated $35.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $22.4m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND BRIDGE ACCESS IN THE BRONX TO RESOURCES THAT SUPPORT THRIVING NEIGHBORHOODS - FROM HIGH-QUALITY EARLY EDUCATION AND AFTER-SCHOOL PROGRAMS, TO HEALTHY FOOD, CULTURAL PROGRAMMING, AND ECONOMIC OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS RELATING TO THE PROVISION OF HOME-BASED CHILD CARE FOR LOW-INCOME RESIDENTS OF NEW YORK CITY: WHEDCO SUPPORTS A PROFESSIONAL NETWORK OF 300 LICENSED HOME-BASED CHILDCARE BUSINESSES AND WORKS WITH THOUSANDS OF LEGALLY-EXEMPT FRIEND-FAMILY-NEIGHBOR CARE PROVIDERS TO INCREASE ACCESS TO HIGH QUALITY AFFORDABLE CHILDCARE ACROSS THE BRONX AND NYC. WHEDCO SUPPORTS CHILDCARE PROVIDERS THROUGH TRAINING, COACHING, TECHNICAL ASSISTANCE, PROGRAM VISITS, ACCESS TO THE CHILD AND ADULT CARE FOOD PROGRAM, MENTAL HEALTH SERVICES, IMPLEMENTATION OF RESEARCH-BASED CURRICULA AND ASSESSMENT TOOLS TO SUPPORT THE DEVELOPMENT AND EARLY LEARNING OF CHILDREN IN CARE.
OTHER PROGRAMS RELATING TO FAMILY SUPPORT, COUNSELING, EMERGENCY FOOD PANTRY, COMMUNITY ENGAGEMENT, NEIGHBORHOOD REVITALIZATION, AFFORDABLE HOUSING DEVELOPMENT, PERFORMING ARTS AND ARTS EDUCATION THROUGH THE BRONX MUSIC HERITAGE CENTER AND BRONX MUSIC HALL, SMALL BUSINESS DEVELOPMENT, FOOD BUSINESS INCUBATION, AND PROGRAM RESEARCH & EVALUATION, WITH AN EMPHASIS ON LOW-INCOME WOMEN AND THEIR FAMILIES.
AFTER-SCHOOL AND SUMMER CAMP PROGRAMS FOR LOW-INCOME YOUTH:WHEDCO OPERATES AFTER SCHOOL, EXTENDED DAY, SUMMER CAMP, AND TEEN PROGRAMS SERVING MORE THAN 1,200 BRONX STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. WHEDCO OFFERS ELA, STEM, ARTS, SPORTS, CHESS, SOCIAL JUSTICE, YOUTH LEADERSHIP, PEER EDUCATION, INTERNSHIPS AND OTHER WORK EXPERIENCE, TUTORING, TEST PREP, AND SUPPORT TO ACCESS HIGH PERFORMING HIGH SCHOOLS AND COLLEGE.
PRESCHOOL FOR LOW-INCOME 3 AND 4 YEAR OLDS:WHEDCO OPERATES A YEAR-ROUND HEAD START PRESCHOOL SERVING 103 CHILDREN AND THEIR FAMILIES, AND PROMOTING EARLY CHILDHOOD DEVELOPMENT AND EARLY LEARNING. WHEDCO ALSO OFFERS A FAMILY LITERACY PROGRAM TO HEAD START PARENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Field Chair | OfficerTrustee | 0.75 | $0 |
Scott Martin ESQ Treasurer | OfficerTrustee | 0.5 | $0 |
Sara Kay Secretary | OfficerTrustee | 0.25 | $0 |
Tania Brief Director | Trustee | 0.25 | $0 |
Kyle Cruz Director | Trustee | 0.25 | $0 |
Roger Gill Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bronx Common Builders Llc Construction Services | 6/29/22 | $588,589 |
Barbizon Electric Company Inc Construction Services | 6/29/22 | $470,706 |
Stonhard Construction Services | 6/29/22 | $141,500 |
Ingrid Green Child Care Provider Services | 6/29/22 | $105,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $70,468 |
| Membership dues | $0 |
| Fundraising events | $118,267 |
| Related organizations | $0 |
| Government grants | $26,334,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,020,675 |
| Noncash contributions included in lines 1a–1f | $246,148 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,544,113 |
| Total Program Service Revenue | $794,183 |
| Investment income | $169,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,845 |
| Net Income from Fundraising Events | -$4,840 |
| Net Income from Gaming Activities | $2,010 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,553,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $754,218 |
| Compensation of current officers, directors, key employees. | $754,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,521,136 |
| Pension plan accruals and contributions | $364,650 |
| Other employee benefits | $1,193,665 |
| Payroll taxes | $901,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,400 |
| Fees for services: Lobbying | $33,001 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $617,255 |
| Advertising and promotion | $1,546 |
| Office expenses | $337,858 |
| Information technology | $414,426 |
| Royalties | $0 |
| Occupancy | $771,288 |
| Travel | $2,342,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,008 |
| Interest | $111,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $354,153 |
| Insurance | $144,581 |
| All other expenses | $16,544 |
| Total functional expenses | $22,431,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,136,850 |
| Savings and temporary cash investments | $12,123,770 |
| Pledges and grants receivable | $2,832,916 |
| Accounts receivable, net | $7,249,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $255,746 |
| Net Land, buildings, and equipment | $5,947,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,576,861 |
| Intangible assets | $0 |
| Other assets | $7,051,265 |
| Total assets | $42,174,567 |
| Accounts payable and accrued expenses | $1,835,077 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $120,000 |
| Other liabilities | $2,093,753 |
| Total liabilities | $4,048,830 |
| Net assets without donor restrictions | $32,012,045 |
| Net assets with donor restrictions | $6,113,692 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,174,567 |