West Elmwood Housing Development Corp

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Candace Harper
Executive Di
$94,231
Angela Ankoma
Vice-Preside
$0
Dariel Blanco
Secretary
$0
Colleen Ramos
Treasurer
$0
Sean Fontes
President
$0
Brandford Davis
Director
$0

Financial Statements

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

Grants Awarded

Over the last fiscal year, West Elmwood Housing Development Corp has awarded $41,398 in support to 2 organizations.

Grant RecipientAmount

WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORP-NEIGHBORWORKS BLACKSTONE RIVER

Org PageRecipient Profile

Woonsocket, RI

PURPOSE: COUNSELING AWARD

$23,174

COMMUNITY WORKS RI

Org PageRecipient Profile

Providence, RI

PURPOSE: COUNSELING AWARD

$18,224
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that West Elmwood Housing Development Corp has recieved totaling $149,841.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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