WOMEN'S HOUSING & ECONOMIC DEVELOP… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

DAVON RUSSELL

Phone

7188391100

Tax Period

2024-07-01 to 2025-06-30

WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $35.0M in total revenue in fiscal year 2024. Expenses of $33.1M left a modest 6% surplus.

Mission

THE WOMEN'S HOUSING AND ECONOMIC DEVELOPMENT CORP. (WHEDCO) IS A COMMUNITY DEVELOPMENT ORGANIZATION FOUNDED ON THE RADICALLY SIMPLE IDEA THAT ALL PEOPLE DESERVE TO LIVE IN HEALTHY, VIBRANT COMMUNITIES. WORKING IN THE SOUTH BRONX, WHEDCO BUILDS AWARD-WINNING, SUSTAINABLE, AFFORDABLE HOMES THAT SERVE AS ANCHORS FOR STRONG COMMUNITIES OF WHICH RESIDENTS CAN BE PROUD. WHEDCO'S MISSION IS TO CREATE AND BRIDGE ACCESS IN THE BRONX TO RESOURCES THAT SUPPORT THRIVING NEIGHBORHOODS - FROM STABLE, AFFORDABLE HOUSING TO HIGH-QUALITY EARLY CHILDHOOD AND SCHOOL-AGE YOUTH EDUCATION PROGRAMS, COMPREHENSIVE FAMILY AND COMMUNITY SERVICES, BUSINESS AND ENTREPRENEUR ASSISTANCE, AND CULTURAL PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $15,410,756 Revenue: $0

PROGRAMS RELATING TO THE PROVISION OF HOME-BASED CHILD CARE FOR LOW-INCOME RESIDENTS OF NEW YORK CITY:WHEDCO SUPPORTS A PROFESSIONAL NETWORK OF 300 LICENSED HOME-BASED CHILDCARE BUSINESSES AND WORKS WITH THOUSANDS OF INFORMAL FRIEND-FAMILY-NEIGHBOR CARE PROVIDERS TO INCREASE ACCESS TO HIGH QUALITY AFFORDABLE CHILDCARE ACROSS THE BRONX AND NYC. WHEDCO SUPPORTS CHILDCARE PROVIDERS THROUGH COMPREHENSIVE PROFESSIONAL DEVELOPMENT TRAINING, COACHING, TECHNICAL ASSISTANCE, PROGRAM VISITS, ACCESS TO THE CHILD AND ADULT CARE FOOD PROGRAM, MENTAL HEALTH SERVICES, IMPLEMENTATION OF RESEARCH-BASED CURRICULA AND ASSESSMENT TOOLS TO SUPPORT THE DEVELOPMENT AND EARLY LEARNING OF CHILDREN IN CARE.

Program 2

Expenses: $3,888,585 Revenue: $115,502

AFTER-SCHOOL, EXTENDED DAY, SUMMER CAMP, AND TEEN COLLEGE ACCESS PROGRAMS FOR LOW-INCOME YOUTH:WHEDCO OPERATES AFTER SCHOOL, EXTENDED DAY, SUMMER CAMP, AND TEEN PROGRAMS SERVING MORE THAN 1,200 BRONX STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. WHEDCO OFFERS ELA, STEM, ARTS, SPORTS, CHESS, SOCIAL JUSTICE, YOUTH LEADERSHIP, PEER EDUCATION, INTERNSHIPS AND OTHER WORK EXPERIENCE, TUTORING, TEST PREP, AND SUPPORT TO ACCESS HIGH PERFORMING HIGH SCHOOLS AND COLLEGE.

Program 3

Expenses: $2,691,179 Revenue: $0

HEAD START PRESCHOOL FOR LOW-INCOME 3 AND 4 YEAR OLDS:WHEDCO OPERATES A YEAR-ROUND HEAD START PRESCHOOL SERVING 103 CHILDREN AND THEIR FAMILIES, AND PROMOTING EARLY CHILDHOOD DEVELOPMENT AND EARLY...

HEAD START PRESCHOOL FOR LOW-INCOME 3 AND 4 YEAR OLDS:WHEDCO OPERATES A YEAR-ROUND HEAD START PRESCHOOL SERVING 103 CHILDREN AND THEIR FAMILIES, AND PROMOTING EARLY CHILDHOOD DEVELOPMENT AND EARLY LEARNING. WHEDCO ALSO OFFERS A FAMILY LITERACY PROGRAM TO HEAD START PARENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,336,635

Program Service Revenue $798,249

Investment Income $888,977

Other Revenue $-20,260

TOTAL REVENUE $35,003,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,701,111

Fundraising Expenses $1,220,827

Program Expenses $26,512,003

Other Expenses $13,363,500

TOTAL EXPENSES $33,064,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,003,601	$35,667,559	0.0%
Expenses	$33,064,611	$30,242,257	+0.1%
Net Income	$1,938,990	$5,425,302	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

513

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,046,980

Total Directors

Key Employees

$183,756

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MARTIN ESQ	TREASURER THRU SEPT 2024/CHAIR	0.50	Officer Director	$0	$0	$0
LINDA FIELD	CHAIR THRU SEPT 2024/DIRECTOR	0.50	Officer Director	$0	$0	$0
SARA KAY	SECRETARY	0.50	Officer Director	$0	$0	$0
ROGER GILL	TREASURER	0.50	Officer Director	$0	$0	$0
DANIELLE ASH	DIRECTOR	0.25	Director	$0	$0	$0
TANIA BRIEF ESQ	DIRECTOR	0.25	Director	$0	$0	$0
KYLE CRUZ	DIRECTOR	0.25	Director	$0	$0	$0
FELICIA FRANKLIN	DIRECTOR	0.25	Director	$0	$0	$0
RUSSELL JACKSON	DIRECTOR	0.25	Director	$0	$0	$0
SAGE MASON	DIRECTOR	0.25	Director	$0	$0	$0
EMMANUEL OFFIONG	DIRECTOR	0.25	Director	$0	$0	$0
ANGELA ORTIZ	DIRECTOR	0.50	Director	$0	$0	$0
PAMELA SLOAN ESQ	DIRECTOR	0.25	Director	$0	$0	$0
SHARMI SOBHAN	DIRECTOR	0.25	Director	$0	$0	$0
EMERITA TORRES	DIRECTOR THRU JAN 2025	0.25	Director	$0	$0	$0
DAVON RUSSELL	PRESIDENT AND CEO	35.00	Officer	$396,975	$69,440	$466,415
VERA L AMARAL	SENIOR VP & GENERAL COUNSEL	35.00	Officer	$200,612	$11,212	$211,824
EBONIE NICHOLS CHIEF	FINANCIAL OFFICER THRU JAN 2025	35.00	Officer	$206,966	$0	$206,966
INES SOLIS INTERIM CHIEF	FINANCIAL OFFICER AS OF FEB 2025	35.00	Officer	$138,790	$22,985	$161,775
JUAN GUSTAVO CAMPOS NAVARRO	SVP, AFFORDABLE HOUSING ASSET MGMT	35.00	Key Emp	$169,111	$14,645	$183,756
DIANA PEREZ	VP HOME-BASED CHILDCARE SERVICES	35.00	Highest	$350,123	$35,890	$386,013
DOXENE ROBERTS	VP FAMILY SUPTAND & HOUSING SERVICES	35.00	Highest	$190,170	$26,079	$216,249
JULIA ROBERTS	VP DEVELOPMENT & EXT AFFAIRS	35.00	Highest	$188,189	$25,059	$213,248
PHILLIP DISENSO	DIRECTOR OF IT	35.00	Highest	$161,495	$23,070	$184,565
KEITH HICKS	VP PROGRAMS	35.00	Highest	$156,109	$21,230	$177,339

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$35,003,601	$33,064,611	$66,611,432	$1,938,990
2024	No data	No data	No data	No data
2023	$34,316,877	$28,041,523	$60,462,593	$6,275,354
2022	$35,553,699	$22,431,173	$42,174,567	$13,122,526
2021	$27,859,543	$19,317,824	$29,527,353	$8,541,719
2020	$21,108,224	$20,656,131	$23,609,740	$452,093
2018	$22,751,459	$20,760,301	$18,197,756	$1,991,158

WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION