Overview
What is West Harlem Development Corporation?
West Harlem Development Corporation is a nonprofit organization situated in New York City, specifically at 423 WEST 127TH STREET A, New York, NY 10027. Their primary mission is to enhance the economic opportunities and improve the quality of life within the West Harlem community. To accomplish this, they deploy funds from Columbia University, as per a Community Benefits Agreement, through annual Community Benefits Grants and various activities. Their strategy involves collaborating with community-based organizations and institutions to enhance their capacities, addressing the needs of West Harlem effectively. West Harlem Development Corporation's mission encompasses promoting economic development, education, environmental protection, transportation, employment, affordable housing, arts and culture, community facilities, historical preservation, and overall economic and social improvement in Manhattan Community District 9 (MCD9), commonly known as West Harlem. They currently employ a team of 5 individuals.
Official website here: www.westharlemdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
The West Harlem Development Corporation has achieved a perfect score of 100% from Charity Navigator, indicating exceptional performance in accountability and finance. This rating is entirely derived from a single beacon score focused on these aspects, showcasing the organization's commitment to transparency and responsible financial management.
Key strengths of the organization include a fully independent board of directors, with all members contributing to strong governance. The financial health of the nonprofit is impressive, with a program expense ratio of 91.14%, signifying that a significant majority of its resources are directed toward its programs and mission. Additional governance practices such as having an audit and oversight committee, conflict of interest policies, and a whistleblower policy are all in place and well-documented.
While the data reflects a highly effective organization, continued diligence in maintaining these standards will be essential for ongoing success. The West Harlem Development Corporation has set a high bar in its operational and financial practices, which could serve as a model for other nonprofits striving for excellence.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about West Harlem Development Corporation?
94% of the 7 reviewers on Facebook recommend the West Harlem Development Corporation. Here’s a summary of their reviews:
Many reviewers highlight the organization's significant role in uplifting and supporting the Harlem community. They appreciate the dedication to economic development and the emphasis on helping local organizations thrive within the neighborhood.
Overall, this nonprofit is perceived as a reliable source for fostering growth and creating opportunities, with a strong connection to the local community. Users feel positively about the impact that West Harlem Development Corporation has on the area's development.
This AI summary has been generated from reviews found on Facebook.
Is West Harlem Development Corporation legitimate?
West Harlem Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Harlem 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: $162,446
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,971
For more financial information, click here
Official website here: www.westharlemdc.org
What is the mission statement of West Harlem Development Corporation?
The West Harlem Development Corporation's mission is centered around fostering improved economic opportunities and enhancing the quality of life within the community. To achieve this, the organization implements the Community Benefits Agreement and supports various programs that promote economic development, education, environmental protection, transportation, employment, affordable housing, arts and culture, community facilities, historical preservation, and the overall social improvement of the community and its residents. This mission is aimed at benefiting the community in Manhattan Community District 9, commonly known as West Harlem.
Official website here: www.westharlemdc.org
Who is the CEO of West Harlem Development Corporation?
Zead Ramadan is the Board Chair of West Harlem Development Corporation.
Official website here: www.westharlemdc.org
What is the revenue of West Harlem Development Corporation?
West Harlem Development Corporation's revenue in 2022 was $728,466.
Official website here: www.westharlemdc.org
Who are the executives of West Harlem Development Corporation and what are their salaries?
The average compensation at West Harlem Development Corporation during 2022 was $72,083. There are 5 employees at West Harlem Development Corporation.
Here are 11 key members and their salaries:
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- Compensation: $161,923
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- Other: $3,407
Official website here: www.westharlemdc.org
Where can I find the form 990 for West Harlem Development Corporation?
West Harlem Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westharlemdc.org
Learn more at the official website: www.westharlemdc.org
Mission Statement of West Harlem Development Corporation
West Harlem Development Corporation is an organization committed to enhancing economic opportunities and improving the quality of life within the West Harlem community. Their mission encompasses various aspects to achieve this goal, such as implementing a Community Benefits Agreement. This agreement supports programs that foster economic development, education, environmental protection, transportation, employment, affordable housing, arts and culture, community facilities, historical preservation, and overall economic and social improvement of the community and its residents in Manhattan Community District 9 (MCD9). By doing so, West Harlem Development Corporation aims to contribute to the vibrancy and sustainability of the West Harlem community.
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Impact
July, 2024
West Harlem Development Corporation's impact is evident in its efforts to promote increased economic opportunities and enhance the quality of life for the vibrant community of West Harlem. By deploying funds contributed by Columbia University through its Community Benefits Agreement, WHDC supports West Harlem-based community projects through grants and community services. This organization collaborates with community-based organizations and institutions to address the diverse needs of West Harlem, focusing on areas such as economic development, education, environmental protection, transportation, employment, affordable housing, arts and culture, community facilities, historical preservation, and overall economic and social improvement. Through its initiatives, WHDC contributes to the enhancement and empowerment of the residents of Manhattan Community District 9, also known as West Harlem.
This information is meant to be a general summary of West Harlem 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: $880,198
- Gross Receipts: $40,111,220
Assets and Liabilities:
- Total Assets: $55,894,614
- Total Liabilities: $1,154,835
- Net Assets: $54,739,779
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Organization Details
Founding Year
2011
Phone
(646) 476-3394Principal Officer
Zead Ramadan
Main Address
423 WEST 127TH STREET A, NEW YORK, NY, 10027
Website
www.westharlemdc.orgNTEE Category
Code: S30 - Community improvement
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