NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO SUPPORT AND FOSTER AN ENVIRONMENT FOR ECONOMIC DEVELOPMENT ANDPROVIDE ENTREPRENEURALCULTURAL, RECREATIONAL AND EMPLOYMENTOPPORTUNITIES FOR ALL THOSE WHOLIVE OR WORK IN THE WASHINGTON HEIGHTS,INWOOD SECTION OF NORTHERN MANHATTAN.
BUSINESS ASSITANCE -THE B0$$ PROGRAM FOCUSES ON THE DELIVERY OF CAPITAL, TECHNICALASSISTANCE AND REFERRAL SERVICES TO BUSINESSES WITH 10 EMPLOYEES ORLESS AN ANNUAL GROSS INCOME OF LESS THAN $500,000...
BUSINESS ASSITANCE -THE B0$$ PROGRAM FOCUSES ON THE DELIVERY OF CAPITAL, TECHNICALASSISTANCE AND REFERRAL SERVICES TO BUSINESSES WITH 10 EMPLOYEES ORLESS AN ANNUAL GROSS INCOME OF LESS THAN $500,000 (MICRO ENTERPRISES).THE ORGANIZATION IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIALINSTITUTION ("CDFI") AND HAS MADE OVER 370 LOANS TOTALING OVER $5.6MILLION SINCE THE LOAN PROGRAMS INCEPTION IN 1995. LOANS RANGE FROM$100 TO $50,000. TWO THIRDS OF THE LOANS HAVE GONE TO SMALL STOREFRONTBUSINESSES WITH THE BALANCE GOING TO STREET VENDORS AND IN-HOMEBUSINESSES. A THIRD OF THE LOANS GO TO STARTUP BUSINESSES. OF THE LOANSTO INDIVIDUALS, 96% HAVE GONE TO MINORITY AND WOMEN OWNED BUSINESSES.THESE LOANS HAVE CREATED OVER 420 FULL-TIME JOBS AND 130 NEW BUSINESSESIN THE COMMUNITY.ENTREPRENEURIAL ASSISTANCE ASSISTS OVER 200 CLIENTS ANNUALLY WITH ONEON ONE BUSINESS COUNSELING AND TECHNICAL ASSISTANCE
OTHER PROGRAMS -LAPLAZA DE LAS AMERICAS WHIDC ADMINISTERS THE YEAR ROUND LA PLAZA DELAS AMERICAS STREET VENDORS MARKET ON WEST 175TH ST. BETWEEN WADSWORTHAND BROADWAY. LA PLAZA SERVES AS A MICRO...
OTHER PROGRAMS -LAPLAZA DE LAS AMERICAS WHIDC ADMINISTERS THE YEAR ROUND LA PLAZA DELAS AMERICAS STREET VENDORS MARKET ON WEST 175TH ST. BETWEEN WADSWORTHAND BROADWAY. LA PLAZA SERVES AS A MICRO BUSINESS "INCUBATOR" FOR UP TO50 VENDORS. THE ORGANIZATION WAS ALSO THE SPONSOR OF THE NEW PLAZA THATWAS CONSTRUCTED AS PART OF THE "PLAZA NYC" PROGRAM. THE NEW PEDESTRIANPLAZA IS CLOSED TO TRAFFIC AND GIVES VENDORS ACCESS TO ELECTRICITY ANDWATER. THE PLAZA ALSO FEATURES TREES, LIGHTING, BENCHES, TABLES,CHAIRS, AND A FOUNTAIN. TRI-STATE REGION SPURRING ECONOMIC ACTIVITY IN THE AREA. ADMISSION IS FREE AND OVER 60,000 PEOPLE ATTEND THE FESTIVAL ANNUALLY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare WASHINGTON HEIGHTS AND INWOOD DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.