WASHINGTON HEIGHTS AND INWOOD DEVELOPMENT CORPORATION

EIN: 132950346 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$332,663
Total Expenses
$428,744
Total Assets
$221,875
Net Assets
$-965,085
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
JAHAIRA GUERRERO
Phone
3322086465
Tax Period
2023-01-01 to 2023-12-31

WASHINGTON HEIGHTS AND INWOOD DEVELOPMENT CORPORATION, founded in 1978, is a small nonprofit in the Community Improvement sector that reported $333K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $429K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO SUPPORT AND FOSTER AN ENVIRONMENT FOR ECONOMIC DEVELOPMENT AND PROVIDE ENTREPRENEURAL CULTURAL, RECREATIONAL AND EMPLOYMENT OPPORTUNITIES FOR ALL THOSE WHO LIVE OR WORK IN THE WASHINGTON HEIGHTS, INWOOD SECTION OF NORTHERN MANHATTAN.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $210,932
Program Service Revenue $121,731
Investment Income $0
Other Revenue $0
TOTAL REVENUE $332,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,445
Fundraising Expenses $0
Program Expenses $333,976
Other Expenses $237,299
TOTAL EXPENSES $428,744

Year-over-Year Comparison

2023 2022 Change
Revenue $332,663 $369,359 -0.1%
Expenses $428,744 $605,370 -0.3%
Net Income $-96,081 $-236,011 -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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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
5
Volunteers
7

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
3
$115,195
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH LAUFER CHAIRPERSON 2.00
Officer Director
$0 $0 $0
MAGDA SOUFFRONT SECRETARY 2.00
Officer Director
$0 $0 $0
MARIA LUNA BOARD MEMBER 2.00
Director
$0 $0 $0
TONYA REEVES BOARD MEMBER 2.00
Director
$0 $0 $0
JOSEFA RUIZ BOARD MEMBER 2.00
Director
$0 $0 $0
VIVIAN DUCAT BOARD MEMBER 2.00
Director
$0 $0 $0
ISAAC ROLDAN BOARD MEMBER 2.00
Director
$0 $0 $0
JAHAIRA GUERRERO EXECUTIVE DIRECTOR 35.00
Officer
$115,000 $195 $115,195
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
2024 No data No data No data No data
2023 $332,663 $428,744 $221,875 $-96,081
2022 $369,359 $605,370 $476,640 $-236,011
2021 $328,791 $530,648 $311,231 $-201,857
2020 $331,392 $649,439 $587,278 $-318,047
2019 $297,398 $481,493 $871,808 $-184,095
2018 $528,589 $563,214 $1,141,440 $-34,625
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