Womens Housing And Economic Development Corporation
- Assets
- $29.5m
- Revenue
- $27.9m
- Investments
- $0.0
- Employees
- 414
- Location
- Bronx, NY
- Founding
- 06/1996
- Data as of
- 06/2021
- 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 06/2021, Womens Housing And Economic Development Corporation employed 414 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 06/2021, Womens Housing And Economic Development Corporation generated $27.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $19.3m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WOMEN'S HOUSING AND ECONOMIC DEVELOPMENT CORP. (WHEDCO) IS A COMMUNITY DEVELOPMENT ORGANIZATION FOUNDED ON THE RADICALLY SIMPLE IDEA THAT ALL PEOPLE DESERVE HEALTHY, VIBRANT COMMUNITIES. WORKING IN THE SOUTH BRONX, WHEDCO BUILDS AWARD-WINNING, SUSTAINABLE, AFFORDABLE HOMES THAT SERVE AS ANCHORS FOR STRONG COMMUNITIES OF WHICH RESIDENTS CAN BE PROUD. WHEDCO'S MISSION IS TO PROVIDE THE BRONX WITH ACCESS TO ALL THE RESOURCES THAT CREATE 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.
AFTER-SCHOOL AND SUMMER CAMP PROGRAMS FOR LOW-INCOME YOUTH.
PRESCHOOL FOR LOW-INCOME 3 AND 4 YEAR OLDS.
PROGRAMS RELATING TO FAMILY SUPPORT, COMMUNITY DEVELOPMENT, HOUSING DEVELOPMENT, ARTS ENRICHMENT, SMALL BUSINESS DEVELOPMENT, AND PROGRAM RESEARCH & EVALUATION, WITH AN EMPHASIS ON LOW-INCOME WOMEN AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davon Russell President | Officer | 35 | $259,799 |
Jonathan Springer SVP & COO | Officer | 35 | $199,165 |
Diana Perez VP Of Hbcc | 35 | $145,383 | |
Rebecca Kramnick Svp/counsel | Officer | 28 | $137,281 |
Phillip Disenso Director Of | 35 | $129,816 | |
Doxene Roberts VP Family Su | 35 | $128,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,882,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,558,352 |
| Noncash contributions included in lines 1a–1f | $97,755 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,440,808 |
| Total Program Service Revenue | $3,871,813 |
| Investment income | $154,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,811 |
| Net Income from Fundraising Events | $209,768 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,859,543 |
| 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. | $596,245 |
| Compensation of current officers, directors, key employees. | $596,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,941,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,509,192 |
| Payroll taxes | $628,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $372,687 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $179,061 |
| Royalties | $0 |
| Occupancy | $715,696 |
| Travel | $919 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,812 |
| Insurance | $120,286 |
| All other expenses | $352,171 |
| Total functional expenses | $19,317,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $987,424 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,911,123 |
| 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 | $73,676 |
| Net Land, buildings, and equipment | $2,990,545 |
| Investments—publicly traded securities | $3,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,561,456 |
| Total assets | $29,527,353 |
| Accounts payable and accrued expenses | $1,729,383 |
| 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 | $2,234,455 |
| Other liabilities | $559,967 |
| Total liabilities | $4,523,805 |
| Net assets without donor restrictions | $20,767,623 |
| Net assets with donor restrictions | $4,235,925 |
| 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 | $29,527,353 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Womens Housing And Economic Development Corporation has recieved totaling $4,628,189.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT COMPLETING THE CONSTRUCTION AND THEATRICAL FIT-OUT OF THE BRONX MUSIC HALL | $2,100,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $800,000 |
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT COMPLETING THE CONSTRUCTION AND THEATRICAL FIT-OUT OF THE BRONX MUSIC HALL | $400,000 |
Good Plus Foundation Inc New York, NY PURPOSE: SEE PART IV | $258,106 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Springpoint Senior Living Inc Cherry Hill, NJ | $72,542,176 | $10,591,630 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |