Cause IQ organization profile

WOMEN'S Housing and Economic Development Corporation (WHEDco)

WHEDco is a urban development organization based in Bronx, NY that was founded in 1991. As of 2019 they had $22 million in revenue and $18 million in assets.

To give the South Bronx access to all the resources that create thriving neighborhoods: from high-quality early education and after-school programs, to fresh, healthy food, cultural programming, and economic opportunity.

EIN:

11-3099604

City:

Bronx

State:

New York

Metro:

New York-Newark-Jersey City, NY-NJ-PA

Website:

whedco.org

Phone:

718-839-1100

Facebook:

facebook.com/WHEDco

Twitter:

@whedcospeaks

Founded:

1991

Type:

501(c)(3)

NTEE:

S31: Urban development organizations

Revenue:

$22,751,459

Assets:

$18,197,756

Employees:

538

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at WHEDco

Programs relating to the provision of home-based child care for low-income residents of new york city.

Preschool for low-income 3 and 4 year olds.

After-school and summer camp programs for low-income youth.

Form 990s for WHEDco

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 27, 2020	990	View PDF
2017-12	Feb 21, 2019	990	View PDF
2016-12	Jan 18, 2018	990	View PDF
2015-12	Mar 30, 2017	990	View PDF
2014-12	Feb 11, 2016	990	View PDF
...and six more Form 990 PDFs

Financials for WHEDco

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$18,156,855	$17,898,271	1.4%
Normal grants, contributions, etc.	$2,790,994	$1,378,680	102.4%
<em>Non-cash contributions included in above</em>	$86,650	$29,282	195.9%
Total grants, contributions, etc.	$20,947,849	$19,276,951	8.7%

Field	2018	2017	% Change
Total grants, contributions, etc.	$20,947,849	$19,276,951	8.7%
Program services	$1,431,109	$2,949,836	-51.5%
Investment income and dividends	$122,220	$156,232	-21.8%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$18,051	$-3,416	628.4%
Net income from fundraising events	$232,230	$331,947	-30.0%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$22,751,459	$22,711,550	0.2%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$556,222	$811,484	-31.5%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$9,339,916	$9,439,735	-1.1%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$1,634,678	$1,779,965	-8.2%
Payroll taxes	$811,783	$819,877	-1.0%
Management fees	$0	$0
Legal fees	$0	$0
Accounting fees	$22,000	$20,650	6.5%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$620,854	$606,994	2.3%
Advertising and promotion	$0	$0
Office expenses	$0	$0
Information tech. expenses	$106,274	$132,329	-19.7%
Royalty expenses	$0	$0
Occupancy	$858,111	$777,341	10.4%
Travel	$40,560	$49,840	-18.6%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$2,400	$2,339	2.6%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$184,767	$139,750	32.2%
Insurance	$107,749	$102,615	5.0%
All other expenses	$6,474,987	$6,493,677	-0.3%
Total expenses	$20,760,301	$21,176,596	-2.0%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$2,065,376	$666,004	210.1%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$3,659,159	$4,464,161	-18.0%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$85,111	$65,180	30.6%
Buildings, equipment, etc. post-depreciation	$1,726,015	$1,474,709	17.0%
Investments, publicly traded securities	$3,076	$875,141	-99.6%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$10,659,019	$9,106,517	17.0%
Total assets	$18,197,756	$16,651,712	9.3%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$1,670,103	$1,829,664	-8.7%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$80,000	$440,000	-81.8%
Other liabilities	$1,812,088	$1,824,487	-0.7%
Total liabilities	$3,562,191	$4,094,151	-13.0%

Field	2018	2017	% Change
Unrestricted net assets	$10,796,143	$10,204,312	5.8%
Temporarily restricted net assets	$1,119,536	$633,363	76.8%
Permanently restricted net assets	$2,719,886	$1,719,886	58.1%

Vendors for WHEDco

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-03-02
█ ████ ████████ ███ ████	Tax accounting; Audit accounting		2019-11-13
█████████ ████████	Software		2018-05-03
██ ████ ██████████ ███	Audit accounting		2016-12-31
█████████ ████ █████████ ███████	Investment management; Insurance; Contract Administrator, Participant loan processing	$2,000	2016-12-31
████████ ██████████ ████████████	Investment advisory (plan)		2016-12-31

Personnel at WHEDco

Name	Title	Compensation	Most recent data
Jonathan Springer	Senior Vice President and Chief Operating Officer	$189,642	Aug. 11, 2020
Kerry A. McLean	Vice President , Community Development / Vice President Community	$106,530	Aug. 11, 2020
█████ ███████	Vice President , Development and External Affairs / Vice President Developme	$106,530	Aug. 11, 2020
█████ █████	Vice President , Home - Based Childcare Services / Vice President of HBCC	$132,098	Aug. 11, 2020
██████ ███████	Vice President , Family Support and Housing Services / Vice President Family Su	$114,458	Aug. 11, 2020
█████ ████████	Founder and President Emerita	$265,000	Aug. 11, 2020
██████ █████	Director of Research , Policy and Evaluation	-	Aug. 11, 2020
████████ ████████	Director of Strategic Initiatives	-	Aug. 11, 2020
█████ ██████	Senior Director of Education and Youth Development	-	Aug. 11, 2020
███████ ███████████	Director of Head Start	-	Aug. 11, 2020
...and nine more key personnel

Peer urban development organizations

	Name	Type	Revenue	Location
1	Codman Square Neighborhood Development Corporation	501(c)(3)	$6.6 million	Dorchester, MA
2	Greater Jamaica Development Corporation	501(c)(3)	$28 million	Jamaica, NY
3	Bedford Stuyvesant Restoration Corporation	501(c)(3)	$12 million	Brooklyn, NY
4	Brooklyn Navy Yard Development Corporation (BNYDC)	501(c)(3)	$96 million	Brooklyn, NY
5	Upper Manhattan Empowerment Zone Development Corporation (UMEZ)	501(c)(3)	$12 million	New York, NY
6	South Bronx Overall Economic Development Corporation (SoBRO)	501(c)(3)	$11 million	Bronx, NY
7	Structured Employment Economic Development Corporation (SEEDCO)	501(c)(3)	$7.1 million	New York, NY
8	East Boston Community Development Corporation (EBCDC)	501(c)(3)	$12 million	East Boston, MA
9	East Bay Asian Local Development Corporation (EBALDC)	501(c)(3)	$19 million	Oakland, CA
10	Rock Island Economic Growth Corporation	501(c)(3)	$13 million	Rock Island, IL
11	Neighborworks Capital Corporation	501(c)(3)	$7.7 million	Silver Spring, MD
12	Community First Fund	501(c)(3)	$8.7 million	Lancaster, PA
13	City of Baltimore Development Corporation (BDC)	501(c)(3)	$9.8 million	Baltimore, MD
14	Los Angeles County Economic Development Corporation (LAEDC)	501(c)(3)	$7.3 million	Los Angeles, CA
15	Hoosier Uplands Economic Development Corporation	501(c)(3)	$19 million	Mitchell, IN
16	Ohio Community Development Finance Fund	501(c)(3)	$8.3 million	Columbus, OH
17	Riverfront Development Corporation	501(c)(3)	$6.6 million	Memphis, TN
18	Avesta Housing Development Corporation	501(c)(3)	$8.3 million	Portland, ME
19	Chattanooga Convention Center	501(c)(3)	$8.2 million	Chattanooga, TN
20	Prince George's County Economic Development Corporation	501(c)(3)	$12 million	Largo, MD
21	Black River Area Development Corporation (BRAD)	501(c)(3)	$10 million	Pocahontas, AR
22	Bushwick Economic Development Corp	501(c)(3)	$12 million	Brooklyn, NY
23	The national Development council	501(c)(3)	$10 million	New York, NY
24	Times Square Alliance	501(c)(3)	$22 million	New York, NY
25	Coalfield Development Corporation	501(c)(3)	$5.7 million	Wayne, WV

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Cause IQ organization profile

WOMEN'S Housing and Economic Development Corporation (WHEDco)

Program areas at WHEDco

Form 990s for WHEDco

Financials for WHEDco

Vendors for WHEDco

Personnel at WHEDco

Peer urban development organizations

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