Skip to content
Nonprofiteer
← WOMENS HOUSING AND ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by WOMENS HOUSING AND ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$35,667,559
Total expenses
$30,242,257
Contributions and grants received
$34,353,179
Grants paid
$0
Program service revenue
$711,245
Investment income
$601,058
Other revenue
$2,077
Total assets, end of year
$64,419,200
Total liabilities, end of year
$14,636,137
Net assets or fund balances, end of year
$49,783,063
Program services expenses (Part IX)
$24,579,322
Management and general expenses
$4,649,617
Fundraising expenses
$1,013,318
Program service expenses (Part III)
$24,579,322

Program services were 81.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $120,199

  • 1c · Fundraising events

    $42,455

  • 1e · Government grants (contributions)

    $29,438,332

  • 1f · All other contributions, gifts and grants

    $4,752,193

  • 1g · Noncash contributions included above

    $428,808

  • 2a · Program service revenue: RENTAL AND OTHER INCOME

    total $388,106 · related or exempt $388,106

  • 2b · Program service revenue: PRGM RELATED INTEREST

    total $303,139 · related or exempt $303,139

  • 2c · Program service revenue: MANAGEMENT FEES

    total $20,000 · related or exempt $20,000

  • 3 · Investment income

    total $586,602 · excluded $586,602

  • 7a · Gross sales of assets other than inventory

    securities $1,456,175

  • 7b · Less cost or other basis and sales expenses

    securities $1,441,719

  • 7c · Gain or loss

    securities $14,456

  • 7d · Net gain or loss

    total $14,456 · excluded $14,456

  • 8a · Fundraising events: gross income

    $7,236

  • 8a · Fundraising events: contributions included on line 1c

    $42,455

  • 8b · Fundraising events: direct expenses

    $19,658

  • 8c · Net income from fundraising events

    total -$12,422 · excluded -$12,422

  • 11a · Other revenue: OTHER INCOME

    total $14,499 · excluded $14,499

  • 11e · Other revenue, total

    $14,499

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,045,238 · management and general $1,045,238

  • 7 · Other salaries and wages

    total $13,323,299 · program services $11,155,365 · management and general $1,486,213 · fundraising $681,721

  • 8 · Pension plan contributions

    total $703,886 · program services $563,229 · management and general $99,312 · fundraising $41,345

  • 9 · Other employee benefits

    total $1,733,418 · program services $1,303,527 · management and general $334,202 · fundraising $95,689

  • 10 · Payroll taxes

    total $1,291,817 · program services $931,321 · management and general $292,130 · fundraising $68,366

  • 11c · Fees: accounting

    total $127,647 · program services $5,146 · management and general $122,501

  • 11d · Fees: lobbying

    total $37,000 · program services $37,000

  • 11g · Fees: other

    total $834,514 · program services $590,546 · management and general $232,756 · fundraising $11,212

  • 12 · Advertising and promotion

    total $9,472 · program services $7,627 · fundraising $1,845

  • 13 · Office expenses

    total $502,416 · program services $355,441 · management and general $107,499 · fundraising $39,476

  • 14 · Information technology

    total $520,586 · program services $436,815 · management and general $61,536 · fundraising $22,235

  • 16 · Occupancy

    total $1,069,624 · program services $725,866 · management and general $319,987 · fundraising $23,771

  • 17 · Travel

    total $3,902,851 · program services $3,890,521 · management and general $3,320 · fundraising $9,010

  • 19 · Conferences, conventions and meetings

    total $45,876 · program services $45,743 · management and general $27 · fundraising $106

  • 20 · Interest

    total $595 · management and general $595

  • 22 · Depreciation, depletion and amortization

    total $299,662 · management and general $299,662

  • 23 · Insurance

    total $162,103 · program services $16,757 · management and general $145,346

  • 24a · Other expenses: FOOD

    total $3,655,732 · program services $3,645,116 · management and general $2,183 · fundraising $8,433

  • 24b · Other expenses: PROGRAM DEVELOPMENT

    total $362,112 · program services $287,032 · management and general $68,331 · fundraising $6,749

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $239,870 · program services $239,173 · management and general $143 · fundraising $554

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $188,350 · program services $166,178 · management and general $19,775 · fundraising $2,397

  • 24e · All other expenses

    total $186,189 · program services $176,919 · management and general $8,861 · fundraising $409

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,257,856 · end of year $2,138,810

  • 2 · Savings and temporary cash investments

    beginning of year $16,379,559 · end of year $20,412,748

  • 3 · Pledges and grants receivable

    beginning of year $1,762,665 · end of year $1,513,107

  • 4 · Accounts receivable

    beginning of year $9,915,532 · end of year $6,563,882

  • 9 · Prepaid expenses and deferred charges

    beginning of year $354,217 · end of year $328,260

  • 10a · Land, buildings and equipment: cost or other basis

    $12,806,245

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,200,072

  • 10c · Land, buildings and equipment, net

    beginning of year $6,994,920 · end of year $9,606,173

  • 13 · Investments: program-related

    beginning of year $4,275,176 · end of year $3,924,422

  • 15 · Other assets

    beginning of year $18,522,668 · end of year $19,931,798

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,658,962 · end of year $2,710,100

  • 24 · Unsecured notes and loans payable

    beginning of year $80,000 · end of year $40,000

  • 25 · Other liabilities

    beginning of year $13,309,790 · end of year $11,886,037

  • 27 · Net assets without donor restrictions

    beginning of year $40,237,222 · end of year $46,219,148

  • 28 · Net assets with donor restrictions

    beginning of year $4,176,619 · end of year $3,563,915

Mission and programs · 2023

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 HIGH-QUALITY EARLY EDUCATION AND AFTER-SCHOOL PROGRAMS, TO HEALTHY FOOD, CULTURAL PROGRAMMING, AND ECONOMIC OPPORTUNITY.

Activities or mission (Part I)

TO CREATE AND BRIDGE ACCESS IN THE BRONX TO RESOURCES THAT SUPPORT THRIVING NEIGHBORHOODS - FROM HIGH-QUALITY EARLY EDUCATION AND AFTER-SCHOOL PROGRAMS, TO HEALTHY FOOD, CULTURAL PROGRAMMING, AND ECONOMIC OPPORTUNITY.

  • 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 LEGALLY-EXEMPT FRIEND-FAMILY-NEIGHBOR CARE PROVIDERS TO INCREASE ACCESS TO HIGH QUALITY AFFORDABLE CHILDCARE ACROSS THE BRONX AND NYC. WHEDCO SUPPORTS CHILDCARE PROVIDERS THROUGH 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.

    Expenses $14,053,033

  • AFTER-SCHOOL AND SUMMER CAMP 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.

    Expenses $4,307,529 · Revenue $122,460

  • 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.

    Expenses $2,279,198

  • OTHER PROGRAMS RELATING TO FAMILY SUPPORT, COUNSELING, EMERGENCY FOOD PANTRY, COMMUNITY ENGAGEMENT, NEIGHBORHOOD REVITALIZATION, AFFORDABLE HOUSING DEVELOPMENT, PERFORMING ARTS AND ARTS EDUCATION THROUGH THE BRONX MUSIC HERITAGE CENTER AND BRONX MUSIC HALL, SMALL BUSINESS DEVELOPMENT, FOOD BUSINESS INCUBATION, AND PROGRAM RESEARCH & EVALUATION, WITH AN EMPHASIS ON LOW-INCOME WOMEN AND THEIR FAMILIES.

    Expenses $3,939,562 · Revenue $588,785

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LINDA FIELD

    CHAIR

    Total calculated
    $0
    Hours/week
    0.75 + 0.25 related

  • SCOTT MARTIN ESQ

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.25 related

  • SARA KAY

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • DANIELLE ASH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • TANIA BRIEF ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • KYLE CRUZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • FELICIA FRANKLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • ROGER GILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RUSSELL JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • EMMANUEL OFFIONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • ANGELA ORTIZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PAMELA SLOAN ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • SHARMI SOBHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • EMERITA TORRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • DAVON RUSSELL

    PRESIDENT AND CEO

    Total calculated
    $392,212
    From this org
    $330,798
    From related orgs
    $0
    Other
    $61,414
    Hours/week
    35 + 10 related

    Schedule J breakdown matched by us

    Base
    $308,298
    Bonus
    $0
    Other
    $22,500
    Deferred
    $15,598
    Nontaxable benefits
    $45,816
    Filer's total
    $392,212

  • REBECCA KRAMNICK SENIOR

    VP & GENERAL COUNSEL THRU JAN 2024

    Total calculated
    $231,631
    From this org
    $164,604
    From related orgs
    $0
    Other
    $67,027
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $142,104
    Bonus
    $0
    Other
    $22,500
    Deferred
    $8,434
    Nontaxable benefits
    $58,593
    Filer's total
    $231,631

  • VERA AMARAL SENIOR

    VP & GENERAL COUNSEL AS OF JAN 2024

    Total calculated
    $160,484
    From this org
    $149,476
    From related orgs
    $0
    Other
    $11,008
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $149,476
    Bonus
    $0
    Other
    $0
    Deferred
    $6,958
    Nontaxable benefits
    $4,050
    Filer's total
    $160,484

  • EBONIE NICHOLS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $113,809
    From this org
    $113,809
    From related orgs
    $0
    Other
    $0
    Hours/week
    35 + 10 related

  • DIANA PEREZ

    VP HOME-BASED CHILDCARE SERVICES

    Total calculated
    $361,622
    From this org
    $208,718
    From related orgs
    $0
    Other
    $152,904
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $186,218
    Bonus
    $0
    Other
    $22,500
    Deferred
    $136,745
    Nontaxable benefits
    $16,159
    Filer's total
    $361,622

  • DOXENE ROBERTS

    VP FAMILY SUPT AND HOUSING

    Total calculated
    $203,537
    From this org
    $181,042
    From related orgs
    $0
    Other
    $22,495
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $158,542
    Bonus
    $0
    Other
    $22,500
    Deferred
    $8,336
    Nontaxable benefits
    $14,159
    Filer's total
    $203,537

  • JULIA ROBERTS

    VP DEVELOPMENT & EXT AFFAIRS

    Total calculated
    $193,794
    From this org
    $170,715
    From related orgs
    $0
    Other
    $23,079
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $170,715
    Bonus
    $0
    Other
    $0
    Deferred
    $7,820
    Nontaxable benefits
    $15,259
    Filer's total
    $193,794

  • PHILLIP DISENSO

    DIRECTOR OF IT

    Total calculated
    $174,805
    From this org
    $153,670
    From related orgs
    $0
    Other
    $21,135
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $153,670
    Bonus
    $0
    Other
    $0
    Deferred
    $6,976
    Nontaxable benefits
    $14,159
    Filer's total
    $174,805

  • KEITH HICKS

    VP PROGRAMS

    Total calculated
    $159,658
    From this org
    $145,499
    From related orgs
    $0
    Other
    $14,159
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $145,499
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,159
    Filer's total
    $159,658

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
DIANA PEREZ, VP HOME-BASED CHILDCARE SERVICES, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE ORGANIZATION CONTRIBUTED $127,059 TO THE 457(F) PLAN IN 2023.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WHEDCO BRONX COMMONS LLC

    HOUSING · NY · income $0 · assets $0

    Directly controlled by WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • URBAN HORIZONS II GP INC

    C · HOUSING · NY · 100% owned · share of income -$71 · share of assets $73,866 · controlled entity

    Directly controlled by WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202541299349302694

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.