Overview
What is Women's Housing & Economic Development Corporation?
Women's Housing & Economic Development Corporation (WHEDCO) is a dynamic community development organization based in the Bronx, New York. Founded on the belief that everyone deserves to live in thriving neighborhoods, WHEDCO constructs award-winning, sustainable, and affordable homes that serve as community anchors. WHEDCO's mission extends beyond housing, as they aim to bridge access to essential resources for Bronx residents. Their initiatives include supporting over 300 licensed home-based childcare businesses and thousands of legally-exempt friend-family-neighbor care providers. WHEDCO empowers these caregivers through training, coaching, technical assistance, and access to programs like the Child and Adult Care Food Program, mental health services, and research-based curricula. This comprehensive approach to early childhood care and education contributes significantly to the development and well-being of children in the Bronx and New York City.
Official website here: www.whedco.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
The Women's Housing & Economic Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a perfect score in the Accountability & Finance beacon, the organization demonstrates strong governance practices, including a fully independent board and comprehensive financial oversight. It has shown diligence in maintaining transparency, as evidenced by its thorough disclosures and policies.
The organization excels in program expense efficiency, with an 81.91% program expense ratio, highlighting its commitment to directing resources towards its mission of supporting women's housing and economic development. Additionally, the low liabilities to assets ratio of 26.54% suggests a stable financial position, allowing for sustained operations and program delivery.
While the organization displays numerous strengths, the evaluation does not provide insight into the impact or effectiveness of its programs. Nonetheless, the strong governance and financial practices suggest that it operates with a high degree of integrity and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Women's Housing & Economic Development Corporation legitimate?
Women's Housing & Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Women's Housing & Economic 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:
Executive Compensation: $754,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,521,136
For more financial information, click here
Official website here: www.whedco.org
What is the mission statement of Women's Housing & Economic Development Corporation?
The Women's Housing & Economic Development Corporation (WHEDCO) is a community development organization dedicated to enhancing neighborhoods by providing access to essential resources. Based on the belief that all individuals deserve to live in healthy and thriving communities, WHEDCO constructs award-winning, affordable homes that serve as community anchors. Their mission encompasses creating access to high-quality early education and after-school programs, healthy food options, cultural programming, and economic opportunities. WHEDCO's commitment extends beyond housing, focusing on the holistic well-being of residents. By bridging the gap to these vital resources, WHEDCO plays a significant role in fostering neighborhood growth and empowering communities.
Official website here: www.whedco.org
Who is the CEO of Women's Housing & Economic Development Corporation?
Davon Russell is the Chair of Women's Housing & Economic Development Corporation. The CEO's salary of Women's Housing & Economic Development Corporation is $289,646 and their total compensation is $335,386.
Official website here: www.whedco.org
What is the revenue of Women's Housing & Economic Development Corporation?
Women's Housing & Economic Development Corporation's revenue in 2022 was $35,553,699.
Official website here: www.whedco.org
Who are the executives of Women's Housing & Economic Development Corporation and what are their salaries?
The average compensation at Women's Housing & Economic Development Corporation during 2022 was $25,920. There are 435 employees and 87 volunteers at Women's Housing & Economic Development Corporation.
Here are 21 key members and their salaries (Women's Housing & Economic Development Corporation's CEO's salary is $289,646 and their total compensation is $335,386):
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- Compensation: $289,646
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- Compensation: $114,864
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- Other: $6,071
Official website here: www.whedco.org
Where can I find the form 990 for Women's Housing & Economic Development Corporation?
Women's Housing & Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whedco.org
Learn more at the official website: www.whedco.org
Mission Statement of Women's Housing & Economic Development Corporation
The Women's Housing & Economic Development Corporation (WHEDCO) is a community development organization founded on the belief that everyone deserves to live in healthy, vibrant communities. Based on this radical notion, WHEDCO builds award-winning, sustainable, and affordable homes in the Bronx. These homes serve as anchors for strong communities where residents can take pride.
In line with its mission to create and bridge access to essential resources, WHEDCO supports thriving neighborhoods with high-quality early education and after-school programs. Going beyond the provision of shelter, this nonprofit organization ensures that the Bronx community has access to valuable resources such as healthy food, cultural programming, and economic opportunity. WHEDCO's unwavering commitment to community development empowers residents to build a better future for themselves and their families.
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Impact
October, 2024
Women's Housing & Economic Development Corporation (WHEDCO) significantly impacts the Bronx by fostering resource access that supports thriving neighborhoods. Their initiatives focus on high-quality early education and after-school programs, essential for children's development and family support.
WHEDCO enhances access to affordable, high-quality childcare by backing a professional network of 300 licensed home-based childcare businesses and collaborating with thousands of legally-exempt family, friend, and neighbor care providers. They offer comprehensive support, including training, coaching, technical assistance, mental health services, and access to nutritional programs, ensuring that caregivers are well-equipped to promote optimal development in the children they care for.
Additionally, by developing sustainable, affordable housing, WHEDCO creates not only shelter but also a sense of community pride. Their commitment to providing access to healthy food, cultural programming, and economic opportunity solidifies their role in building vibrant and supportive communities. This multifaceted approach targets systemic issues and works to improve the overall quality of life for residents in the Bronx, fostering resilience, inclusivity, and growth.
This information is meant to be a general summary of Women's Housing & Economic 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: $186,789
- Program Service Revenue: $794,183
- Gross Receipts: $36,803,012
Assets and Liabilities:
- Total Assets: $42,174,567
- Total Liabilities: $4,048,830
- Net Assets: $38,125,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL AND OTHER INCOME
Revenue
$419,127
PRGM RELATED INTEREST
Revenue
$375,056
Organization Details
Founding Year
1991
Phone
(718) 839-1100Principal Officer
Davon Russell
Main Address
50 EAST 168TH STREET, BRONX, NY, 10452
Website
www.whedco.orgNTEE Category
Code: L80Z - Housing
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