Overview
What is Women's Development Corporation?
Women's Development Corporation is a nonprofit organization that primarily focuses on improving living conditions in economically disadvantaged areas of Rhode Island and Massachusetts. Their main mission involves the development of affordable housing for low-income individuals and families. Beyond housing, they also offer counseling services to non-profit organizations and families within the same income bracket. Furthermore, they provide specialized counseling specifically for women. In essence, the Women's Development Corporation is dedicated to uplifting communities and empowering individuals through housing development and supportive counseling services.
Official website here: www.wdchoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Women's Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is entirely derived from a single beacon score, emphasizing the charity's commitment to financial transparency and effective management. With a perfect score in several areas, including independent board membership and financial statements audit, the organization demonstrates robust governance practices.
One notable strength of the Women's Development Corporation is its program expense ratio, which stands at 91.74%. This indicates that a significant portion of its funds is allocated directly to programs that further its mission, highlighting its focus on impactful work. Additionally, the absence of any material diversion of assets showcases the organization's integrity in financial dealings.
However, it is important to note that the organization lacks a whistleblower policy, which could be a potential area for improvement in its governance framework. While the charity excels in many financial metrics, addressing this gap may enhance its overall accountability and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Women's Development Corporation legitimate?
Women's Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $445,796
For more financial information, click here
Official website here: www.wdchoc.org
What is the mission statement of Women's Development Corporation?
The Women's Development Corporation is committed to its mission of enhancing living conditions in underprivileged areas. This is accomplished by constructing affordable housing for low-income individuals, offering counseling services to non-profit organizations and families in need, and providing guidance to women. The corporation's work extends beyond housing, as it also offers counseling services to women, aiming to empower and support them.
Official website here: www.wdchoc.org
Who is the CEO of Women's Development Corporation?
Frank Shea is the Secretary of Women's Development Corporation.
Official website here: www.wdchoc.org
What is the revenue of Women's Development Corporation?
Women's Development Corporation's revenue in 2022 was $1,388,005.
Official website here: www.wdchoc.org
Who are the executives of Women's Development Corporation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.wdchoc.org
Where can I find the form 990 for Women's Development Corporation?
Women's Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wdchoc.org
Learn more at the official website: www.wdchoc.org
Mission Statement of Women's Development Corporation
The Women's Development Corporation is an organization dedicated to its mission. In this mission, they focus on developing low-income housing in areas that are economically depressed, not only in Rhode Island but also in Massachusetts. Beyond housing development, the corporation extends its services to counsel non-profit organizations and low-income families. Their work also includes providing counseling specifically for women, aiming to support them in various aspects of their lives. By engaging in these activities, the Women's Development Corporation aims to contribute positively to the well-being of underprivileged communities.
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Impact
July, 2024
Women's Development Corporation has made a significant impact by developing low-income housing in depressed areas of Rhode Island and Massachusetts. They have provided affordable housing options for those in need, helping to improve living conditions and stability for low-income families. Additionally, their counseling services for non-profit organizations and individuals have supported the community in various ways, contributing to the overall well-being and empowerment of women. Through their efforts, Women's Development Corporation has been instrumental in addressing housing challenges and providing essential support to those in vulnerable situations.
This information is meant to be a general summary of Women's Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $40,892
- Program Service Revenue: $1,272,113
- Gross Receipts: $1,388,005
Assets and Liabilities:
- Total Assets: $6,630,487
- Total Liabilities: $808,783
- Net Assets: $5,821,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEE
Revenue
$1,272,113
Organization Details
Founding Year
1979
Phone
(401) 941-2900Principal Officer
Frank Shea
Main Address
861A BROAD STREET, PROVIDENCE, RI, 02907
Website
www.wdchoc.orgNTEE Category
Code: L20 - Housing
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