WAVE HILL INCORPORATED

EIN: 136178903 501(c)(3) Environment

BRONX, NY

Total Revenue
$7,720,166
Total Expenses
$9,202,157
Total Assets
$84,239,922
Net Assets
$83,347,264
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NY
Principal Officer
RAY B OLADAPO-JOHNSON
Phone
7185493200
Tax Period
2024-07-01 to 2025-06-30

WAVE HILL INCORPORATED, founded in 1965, is a community nonprofit in the Environment sector that reported $7.7M in total revenue in fiscal year 2024. Expenses of $9.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

28 ACRE PUBLIC GARDEN /CULTURAL CENTER DEDICATED TO THE ARTISTRY ANDLEGACY OF ITS GARDENS/LANDSCAPES, TO PRESERVING ITS VIEW, AND EXPLORE THE WORLD OF NATURE THROUGH PROGRAMS IN HORTICULTURE, ENVIRONMENTAL EDUCATION, WOODLAND MANAGEMENT AND VISUAL AND PERFORMING ARTS.

Program Service Accomplishments

Program 1
Expenses: $1,725,496 Revenue: $451,020

MEMBERSHIP & COMMUNITY SERVICES - PROVIDING AMENITIES TO THE VISITING PUBLIC, SERVIING WAVE HILL'S MEMBERSHIP BASE AND MARKETING OUTREACH THROUGH PRESS, PUBLICATIONS AND SOCIAL MEDIA TO BUILD NEW...

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MEMBERSHIP & COMMUNITY SERVICES - PROVIDING AMENITIES TO THE VISITING PUBLIC, SERVIING WAVE HILL'S MEMBERSHIP BASE AND MARKETING OUTREACH THROUGH PRESS, PUBLICATIONS AND SOCIAL MEDIA TO BUILD NEW AUDIENCES; OFFERING PUBLIC PROGRAMS RELATED TO THE ENVIRONMENT; AND INTERPRETATIONOF WAVE HILL'S HISTORY TO THE PUBLIC. ON AN ANNUAL BASIS APPROXIMATELY 65,000 PEOPLE VISIT WAVE HILL, MAKING IT ONE OF THE MOST POPULAR SITES IN RIVERDALE. DURING FISCAL YEAR 2025, WAVE HILL OFFERED VARIOUS FREE EVENTS TO THE GENERAL PUBLIC.

Program 2
Expenses: $1,554,056

HORTICULTURE - WAVE HILL'S 28 ACRES OF GARDENS AND WOODLAND ARE ACCLAIMED FOR PLANTSMANSHIP, AESTHETIC SENSIBILITY AND THE HUMAN EXPERIENCE OF NATURE. THE GROUNDS INCLUDE A PERGOLA, FRAMING THE VIEWS...

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HORTICULTURE - WAVE HILL'S 28 ACRES OF GARDENS AND WOODLAND ARE ACCLAIMED FOR PLANTSMANSHIP, AESTHETIC SENSIBILITY AND THE HUMAN EXPERIENCE OF NATURE. THE GROUNDS INCLUDE A PERGOLA, FRAMING THE VIEWS OF THE HUDSON RIVER AND THE PALISADES BEYOND, THE PERGOLA IS SURROUNDED BY COLORFUL PLANTINGS DURING THE WARM MONTHS. WAVE HILLS GARDEN UNFOLDS FROM SEASON TO SEASON WITH INSPIRED COMBINATIONS OF PERENNIALS, ANNUAL BULBS AND SHRUBS AND HERBS AND ORNAMENTAL PLANTS WHICH FIND SHELTER IN THE TERRACED GARDENS.

Program 3
Expenses: $1,453,055

FACILITIES MANAGEMENT - SECURITY, MAINTENANCE AND UTILITIES -MAINTENANCE OF GROUNDS AND DEVELOPMENT OF PLANT COLLECTIONS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,654,617
Program Service Revenue $506,093
Investment Income $973,615
Other Revenue $585,841
TOTAL REVENUE $7,720,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,487,339
Fundraising Expenses $869,422
Program Expenses $6,721,817
Other Expenses $2,714,818
TOTAL EXPENSES $9,202,157

Year-over-Year Comparison

2024 2023 Change
Revenue $7,720,166 $7,188,386 +0.1%
Expenses $9,202,157 $8,773,980 +0.0%
Net Income $-1,481,991 $-1,585,594 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
20
Employees
122
Volunteers
N/A

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
6
$678,423
Total Directors
24
$575,897
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY B OLADAPO-JOHNSON PRESIDENT & EXECUTIVE DIRE 35.00
Officer Director
$301,847 $23,000 $324,847
MICHELE ROSSETTI TO 325 VICE PRESIDENT/COO 35.00
Officer Director
$194,940 $56,110 $251,050
EZRA BORUT CHAIRPERSON 2.00
Officer Director
$0 $0 $0
D BRYCE O'BRIEN II TREASURER 2.00
Officer Director
$0 $0 $0
LISA CADER SECRETARY 2.00
Officer Director
$0 $0 $0
ROBBIE OXNARD BENT DIRECTOR 2.00
Director
$0 $0 $0
ANDREW BERMAN DIRECTOR 2.00
Director
$0 $0 $0
HEATHER ERHARD AS OF 625 DIRECTOR 2.00
Director
$0 $0 $0
ANNE G FREDERICKS DIRECTOR 2.00
Director
$0 $0 $0
CYNTHIA HANAWALT TO 925 DIRECTOR 2.00
Director
$0 $0 $0
JOHN D HANNICK DIRECTOR 2.00
Director
$0 $0 $0
STEFANIE HIRSCH AS OF 625 DIRECTOR 2.00
Director
$0 $0 $0
SUSAN HINKSON-CARLING DIRECTOR 2.00
Director
$0 $0 $0
JEANNE JANG DIRECTOR 2.00
Director
$0 $0 $0
MAUD CABOT WELCH MACLEAN DIRECTOR 2.00
Director
$0 $0 $0
KATIE MICHEL DIRECTOR 2.00
Director
$0 $0 $0
PRISCILLA A NEWMAN DIRECTOR 2.00
Director
$0 $0 $0
SIGNE NIELSEN DIRECTOR 2.00
Director
$0 $0 $0
GRAYSON RUECKERT DIRECTOR 2.00
Director
$0 $0 $0
PAMELA FONTAINE SALVATORE DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER P SPEERS DIRECTOR 2.00
Director
$0 $0 $0
JANET SPITZER DIRECTOR 2.00
Director
$0 $0 $0
BEATRICE WELCH TO 525 DIRECTOR 2.00
Director
$0 $0 $0
AUDREY Z ZINMAN DIRECTOR 2.00
Director
$0 $0 $0
JOANNE CONTE AS OF 425 DIRECTOR OF FINANCE 35.00
Officer
$93,148 $9,378 $102,526
BARBARA GIORDANO DIRECTOR OF DEVELOPMENT 35.00
Highest
$168,625 $8,364 $176,989
CATHY DEUTSCH DIRECTOR OF HORTICULTURE 35.00
Highest
$110,354 $0 $110,354
ROBERT ODDO DIRECTOR OF VISITOR SERVIC 35.00
Highest
$107,744 $0 $107,744
FRANK PERRONE DIRECTOR OF FACILITIES/MAI 35.00
Highest
$111,986 $16,500 $128,486
NICOLAS CORREA DIRECTOR OF INFORMATION TECHNOLOGY 35.00
Highest
$101,633 $14,438 $116,071
GABRIEL DE GUZMAN DIRECTOR OF ARTS 35.00
Highest
$100,238 $11,614 $111,852
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 $7,720,166 $9,202,157 $84,239,922 $-1,481,991
2024 No data No data No data No data
2023 $7,397,361 $8,735,890 $73,289,781 $-1,338,529
2022 $6,553,894 $7,357,108 $61,009,893 $-803,214
2021 $9,504,204 $7,142,470 $101,469,355 $2,361,734
2020 $8,086,596 $7,549,209 $69,073,001 $537,387
2019 $9,131,105 $7,544,142 $66,881,540 $1,586,963
2018 $6,574,608 $7,275,126 $59,898,547 $-700,518
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