West Elmwood Housing Development Corp is located in Providence, RI. The organization was established in 1971. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, West Elmwood Housing Development Corp employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Elmwood Housing Development Corp 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 12/2021, West Elmwood Housing Development Corp generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 8.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WEST ELMWOOD HOUSING DEVELOPMENT CORPORATION (WEHDC) IS A PRIVATE, NOT- FOR-PROFIT ORGANIZATION INCORPORATED IN 1970. THE KEY COMPONENTS OF OUR MISSION ARE: ENABLING HOME OWNERSHIP, COMMUNITY ENGAGEMENT AND ECONOMIC DEVELOPMENT. THE MISSION OF WEST ELMWOOD HOUSING DEVELOPMENT CORPORATION IS TO PROMOTE THE DEVELOPMENT OF HEALTHY, SUSTAINABLE COMMUNITIES THROUGH HOUSING SERVICES TO HELP INDIVIDUALS AND NEIGHBORHOODS MEET THEIR AFFORDABLE HOUSING NEEDS IN THE WEST END NEIGHBORHOOD AND OTHER PARTS OF PROVIDENCE AND RHODE ISLAND. WEHDC STRIVES TO FULFILL THIS MISSION BY BUILDING AND RENOVATING HOMES, ATTRACTING RESOURCES INTO THE NEIGHBORHOOD AND INVESTING IN THE DIVERSE PEOPLE WHO LIVE IN, WORK IN AND SUPPORT THE COMMUNITY. WEHDC ACCOMPLISHES THESE GOALS BY OFFERING A VARIETY OF PROGRAMS AND SERVICES RELATED TO REAL ESTATE DEVELOPMENT, ECONOMIC DEVELOPMENT, HOME OWNERSHIP DEVELOPMENT, INCLUDING LENDING AND COMMUNITY BUILDING AND ORGANIZING AND THROUGH STRATEGIC ALLIANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANKOFA'S MISSION IS TO TRANSFORM BLIGHTED PROPERTIES, PROVIDES AFFORDABLE, CONVENIENT, CULTURALLY APPROPRIATE, FRESH, HEALTHY, AND LOCALLY PRODUCED FOOD, EXPANDS ECONOMIC OPPORTUNITIES, AND ENCOURAGES WEST END RESIDENTS TO MEANINGFULLY CONNECT BY FOSTERING CULTIVATION OF LAND, LIVES, AND COMMUNITY. THE PRINCIPLES OF SANKOFA HAVE GUIDED WEHDC AND ITS PARTNERS IN ITS WORK TO ADDRESS MODERN HEALTH, FINANCIAL AND COMMUNITY CHALLENGES THROUGH INCREASED ACCESS TO THE HEALTHY FOODS THAT ARE TRADITIONAL TO THE WEST ENDS ETHNICALLY DIVERSE COMMUNITY. IN 2011, RESIDENT DEMAND AROUND HEALTHY FOOD ACCESS IN THE WEST END, SPEARHEADED THE FORMATION OF WEHDCS SANKOFA INITIATIVE. MANY RESIDENTS, ESPECIALLY THOSE OF AFRICAN AND SOUTHEAST ASIAN BACKGROUNDS, REPORTED THAT THEY WERE UNABLE TO FIND FRESH, AFFORDABLE FOOD THAT WAS REFLECTIVE OF THEIR NATIVE DIETS. SANKOFA BUILDS COMMUNITY AROUND FOOD AND CULTURE IN PROVIDENCES DIVERSE WEST END COMMUNITY. THROUGH THE DEVELOPMENT OF THE PROJECTS BELOW, THE SANKOFA INITIATIVE AIMS TO BUILD COMMUNITY AROUND FOOD AND CULTURE IN PROVIDENCES DIVERSE WEST END COMMUNITY. IS TRANSFORMING THE WEST END INTO AN INNOVATIVE CENTER FOR AGRICULTURE, ECONOMIC DEVELOPMENT AND HOUSING WITH A SPECIAL EYE TOWARDS PROMOTING, CELEBRATING AND SUPPORTING THE NEIGHBORHOODS RICH CULTURAL IDENTITY.SANKOFA BUILDS COMMUNITY AROUND FOOD AND CULTURE IN PROVIDENCES DIVERSE WEST END COMMUNITY.
DUNAMIS SYNERGY IS A 2 GENERATION INITIATIVE TO SUPPORT PARENTS WITH YOUNG CHILDREN ACQUIRE POSTSECONDARY CREDENTIALS AND CAREER TRACK EMPLOYMENT WHILE PREPARING THEIR CHILDREN FOR SUCCESSFUL FUTURES. DUNAMIS SYNERGY UTILIZES THE ASPEN INSTITUTES ASCEND FRAMEWORK, WHICH ESTABLISHES A TWO- GENERATION APPROACH FOCUSING ON CHILDREN AND THEIR PARENTS TOGETHER. THE FRAMEWORK SETS FORTH THAT POSTSECONDARY AND EARLY EDUCATION, ECONOMIC SUPPORTS, SOCIAL CAPITAL DEVELOPMENT, AND HEALTH AND WELL-BEING ARE THE CORE ELEMENTS REQUIRED TO CREATE AN INTERGENERATIONAL CYCLE OF OPPORTUNITY. DUNAMIS PROVIDES SUPPORT SERVICES FOR EDUCATION, HEALTH & WELLBEING, FINANCIAL ASSET BUILDING, SOCIAL CAPITAL DEVELOPMENT AND EARLY CHILDHOOD EDUCATION.
THE WEHDC EQUITY ZONE (HEZ) IS AN INNOVATIVE, PLACE-BASED APPROACH THAT BRINGS PEOPLE TOGETHER TO BUILD HEALTHY, RESILIENT COMMUNITIES ACROSS RHODE ISLAND. THE INITIATIVE IS GROUNDED IN RESEARCH THAT SHOWS UP TO 80% OF HEALTH OUTCOMES ARE DETERMINED BY FACTORS OUTSIDE CLINICAL SETTINGS, SUCH AS ACCESS TO AFFORDABLE, HEALTHY FOODS; HIGH-QUALITY EDUCATION; EMPLOYMENT OPPORTUNITIES; AND SAFE NEIGHBORHOODS.
WEHDC OTHER MAJOR SERVICE ACCOMPLISHMENTS INCLUDE THE FOLLOWING: REAL ESTATE DEVELOPMENT-THIS PROGRAM CONSISTS OF MULTIFAMILY, RENTAL, HOMEOWNERSHIP, REHAB, MIXED-USE AND COMMERCIAL DEVELOPMENT, BROWNFIELDS REMEDIATION, CONSTRUCTION MANAGEMENT, GREEN CONSTRUCTION, AND HEALTHY HOMES. THE AGENCY HAS LEVERAGED OVER 75 MILLION FOR REAL ESTATE ACTIVITY AND INFRASTRUCTURE IN THE WEST END OVER 40 YEARS. ASSET MANAGEMENT OF WEHDCS VARIOUS FOR-PROFIT HOLDINGS AND RELATED NON-PROFIT ENTITIES INCLUDING LENDING ACTIVITIES THRU ITS WEST ELMWOOD NEIGHBORWORKS HOME OWNERSHIP CENTER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Candace Harper Executive Di | Officer | 40 | $94,231 |
Angela Ankoma Vice-Preside | OfficerTrustee | 2 | $0 |
Dariel Blanco Secretary | OfficerTrustee | 2 | $0 |
Colleen Ramos Treasurer | OfficerTrustee | 2 | $0 |
Sean Fontes President | OfficerTrustee | 2 | $0 |
Brandford Davis Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,043,331 |
All other contributions, gifts, grants, and similar amounts not included above | $144,422 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,187,753 |
Total Program Service Revenue | $70,345 |
Investment income | $13,263 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $3,213 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,278,071 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $810,712 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $793,166 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $25,576 |
Payroll taxes | $93,045 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $38,323 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,606 |
Advertising and promotion | $10,542 |
Office expenses | $38,266 |
Information technology | $26,768 |
Royalties | $0 |
Occupancy | $73,226 |
Travel | $1,115 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,653 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,298 |
Insurance | $15,663 |
All other expenses | -$3,796 |
Total functional expenses | $2,219,481 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $833,361 |
Savings and temporary cash investments | $269,143 |
Pledges and grants receivable | $271,668 |
Accounts receivable, net | $7,151 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,332,750 |
Inventories for sale or use | $77,218 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $54,891 |
Investments—publicly traded securities | $150,702 |
Investments—other securities | $1,100 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | -$314,119 |
Total assets | $2,683,865 |
Accounts payable and accrued expenses | $123,055 |
Grants payable | $0 |
Deferred revenue | $88,767 |
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 | $3,435 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $566,342 |
Total liabilities | $781,599 |
Net assets without donor restrictions | $1,601,017 |
Net assets with donor restrictions | $301,249 |
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 | $2,683,865 |
Over the last fiscal year, West Elmwood Housing Development Corp has awarded $41,398 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Woonsocket, RI PURPOSE: COUNSELING AWARD | $23,174 |
Providence, RI PURPOSE: COUNSELING AWARD | $18,224 |
Over the last fiscal year, we have identified 6 grants that West Elmwood Housing Development Corp has recieved totaling $149,841.
Awarding Organization | Amount |
---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $71,567 |
The Champlin Foundation Pittsburgh, PA PURPOSE: SANKOFA COMMUNITY FARM FENCING AND TABLES | $45,382 |
Tufts Health Plan Foundation Inc Canton, MA PURPOSE: COVID Vaccine Fund | $20,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: WEST END FAMILY FARM TO TABLE | $10,000 |
Slater Family Foundation Norfolk, MA PURPOSE: PROGRAM SUPPORT | $2,860 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Organization Name | Assets | Revenue |
---|---|---|
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Hearth Inc Boston, MA | $12,790,165 | $7,949,326 |
Springhouse Inc Boston, MA | $37,736,932 | $9,492,146 |
The Neighborhood Developers Inc Chelsea, MA | $68,146,151 | $7,961,454 |
Caritas Communities Inc Braintree, MA | $16,422,870 | $5,716,151 |