2024-05-14T22:59:56-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 113099604 WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION WOME 7188391100 50 EAST 168TH STREET BRONX NY 10452 DAVON RUSSELL PRESIDENT & CEO 7188391100 2024-05-14 1 DAVON RUSSELL XXX-XX-XXXX 1 EVA MRUK P00543254 2122862600 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVON RUSSELL 50 EAST 168TH STREET BRONX NY 10452 58076225 0 X WWW.WHEDCO.ORG X 1991 NY 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. 13 13 475 73 0 0 34544113 33241092 794183 745678 186789 329859 28614 248 35553699 34316877 0 0 0 0 13734711 16311955 0 0 831232 8696462 11729568 22431173 28041523 13122526 6275354 42174567 60462593 4048830 16048752 38125737 44413841 X 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. 0 0 13202267 0 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 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. 3612852 0 145595 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. 2393919 0 0 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. 3625015 0 424435 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. 3625015 0 424435 22834053 1 1 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 137 0 475 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X EBONIE NICHOLS 7188391143 50 EAST 168TH STREET BRONX NY 10452 LINDA FIELD CHAIR 0.75 0.25 X X 0 0 0 SCOTT MARTIN ESQ TREASURER 0.50 0.25 X X 0 0 0 SARA KAY SECRETARY 0.25 0.00 X X 0 0 0 TANIA BRIEF ESQ DIRECTOR 0.25 0.00 X 0 0 0 KYLE CRUZ DIRECTOR 0.25 0.00 X 0 0 0 ROGER GILL DIRECTOR 0.50 0.00 X 0 0 0 RUSSELL JACKSON DIRECTOR 0.25 0.00 X 0 0 0 EMMANUEL OFFIONG DIRECTOR 0.25 0.00 X 0 0 0 ANGELA ORTIZ DIRECTOR 0.50 0.00 X 0 0 0 SEAN SIMMONS DIRECTOR 0.50 0.25 X 0 0 0 PAMELA SLOAN ESQ DIRECTOR 0.25 0.00 X 0 0 0 SHARMI SOBHAN DIRECTOR 0.25 0.25 X 0 0 0 EMERITA TORRES DIRECTOR 0.25 0.00 X 0 0 0 DANA YOU DIRECTOR THRU JUN 2023 0.50 0.00 X 0 0 0 DAVON RUSSELL PRESIDENT AND CEO 35.00 10.00 X 313535 0 52381 REBECCA KRAMNICK SENIOR VP & GENERAL COUNSEL 35.00 0.00 X 134626 0 56302 JONATHAN SPRINGER SENIOR VP & COO THRU DEC 2022 35.00 10.00 X 238939 0 25275 ALEXANDRA DYER SENIOR VP & CFO THRU MAR 2023 35.00 10.00 X 12692 0 0 EBONIE NICHOLS CFO AS OF JUNE 2023 35.00 10.00 X 0 0 0 DIANA PEREZ VP HOME-BASED CHILDCARE SERVICES 35.00 0.00 X 197866 0 20534 DOXENE ROBERTS VP FAMILY SUPT AND HOUSING SERVICES 35.00 0.00 X 166322 0 18174 JULIA ROBERTS VP OF DEVELOPMENT & EXT AFFAIRS 35.00 0.00 X 149033 0 18847 PHILLIP DISENSO DIRECTOR OF IT 35.00 0.00 X 147716 0 18250 VERA AMARAL ASST GENERAL COUNSEL DIR OF HR 35.00 0.00 X 128455 0 7206 1489184 0 216969 15 0 1 0 AVANTE CONTRACTING CORPORATION 180 EAST PROSPECT AVENUE SUITE 2 MAMARONECK NY 10543 CONSTRUCTION SERVICES 426366 GOING SIGN & SERVICING CO INC 140 TERMINAL DRIVE PLAINVIEW NY 11803 PROJECT DESIGN SERVICES 155260 MARIA CRUZ CASADO 1717 WALTON AVENUE BRONX NY 10453 CHILD CARE PROVIDER SERVICES 146152 ROSANGELA GUZMAN RODRIGUEZ 1770 TOWNSEND AVENUE BRONX NY 10453 CHILD CARE PROVIDER SERVICES 146013 AMPARO BALINA DE AZA 1709 BOSTON ROAD BRONX NY 10460 CHILD CARE PROVIDER SERVICES 145177 19 97415 110490 29859168 3174019 260146 33241092 RENTAL AND OTHER INCOME 900099 389215 389215 PRGM RELATED INTEREST 900099 273963 273963 DEVELOPER'S FEES 900099 62500 62500 MANAGEMENT FEES 900099 20000 20000 745678 73785 73785 24001954 23745880 256074 256074 256074 6630 110490 13468 -6838 -6838 OTHER INCOME 900099 7086 7086 7086 34316877 745678 0 330107 797868 797868 12102358 10038115 1485851 578392 532752 412377 94033 26342 1778328 1355209 336551 86568 1100649 801690 247749 51210 193700 27000 166700 40000 40000 676149 495514 171454 9181 6098 3692 1755 651 446098 293271 129300 23527 490222 378892 96301 15029 1121835 476237 608893 36705 4234391 4232309 1747 335 34269 34258 9 2 332565 332565 144453 13580 130873 FOOD 3268615 3267522 860 233 REPAIRS AND MAINTENANCE 281017 232645 45746 2626 PROGRAM SUPPLIES 181365 181304 48 13 PROGRAM DEVELOPMENT 125545 68532 56607 406 153246 149341 3893 12 28041523 22834053 4376238 831232 2136850 2257856 12123770 16379559 2832916 1762665 7249171 9915532 255746 354217 9895330 2900410 5947988 6994920 4576861 4275176 7051265 18522668 42174567 60462593 1835077 2658962 120000 80000 2093753 13309790 4048830 16048752 X 32012045 40237222 6113692 4176619 38125737 44413841 42174567 60462593 6275354 12362 388 0 X X 0 1 X 1 1 1 X 9663969 20338129 23440808 34544113 33241092 121228111 9663969 20338129 23440808 34544113 33241092 121228111 50854 121177257 65539 139085 154145 169944 73785 602498 24012 169575 209768 403355 184820 31444 7086 223350 122457314 7918373 0.98950 0.98380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - 2021 AMOUNT: $ 23,895. OTHER INCOME - 2021 AMOUNT: $ 7,549. 2022 AMOUNT: $ 7,086. INCOME FROM PARTNERSHIPS - 2020 AMOUNT: $ 184,820. PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION IS REPORTING A SHORT YEAR IN COLUMN (A) 2018, AS IT CHANGED FROM A CALENDAR YEAR TO A FISCAL YEAR, STARTING WITH THE TAX PERIOD ENDED JUNE 30, 2019. 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MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTIES REVENUE INCLUDED PER AUDIT 9,077,741. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -911,610. FUNDRAISING EVENT EXPENSES REPORTED IN PART VIII 294. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTIES EXPENSES INCLUDED PER AUDIT 15,388,188. ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT -911,610. FUNDRAISING EVENT EXPENSES REPORTED IN PART VIII 294. BENEFIT/BALLGAME AT YANKEE STADIUM 109313 102683 6630 490 11817 1161 BOW TIES FOR THE BRONX 7807 7807 117120 110490 6630 490 11817 1161 13468 -6838 X X X X 0 0 0 0 0 0 0 0 0 DAVON RUSSELL PRESIDENT AND CEO 313535 0 0 0 0 0 12229 0 40152 0 365916 0 0 0 JONATHAN SPRINGER SENIOR VP & COO THRU DEC 2022 238939 0 0 0 0 0 8874 0 16401 0 264214 0 0 0 DIANA PEREZ VP HOME-BASED CHILDCARE SERVICES 197866 0 0 0 0 0 7231 0 13303 0 218400 0 0 0 REBECCA KRAMNICK SENIOR VP & GENERAL COUNSEL 134626 0 0 0 0 0 6180 0 50122 0 190928 0 0 0 DOXENE ROBERTS VP FAMILY SUPT AND HOUSING SERVICES 166322 0 0 0 0 0 5871 0 12303 0 184496 0 0 0 JULIA ROBERTS VP OF DEVELOPMENT & EXT AFFAIRS 149033 0 0 0 0 0 6044 0 12803 0 167880 0 0 0 PHILLIP DISENSO DIRECTOR OF IT 147716 0 0 0 0 0 5947 0 12303 0 165966 0 0 0 X 3800 COST X 1 256346 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE PRESIDENT, CFO, GENERAL COUNSEL AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE IT IS FINALIZED AND ISSUED. THE ORGANIZATION'S FORM 990 IS SENT TO THE BOARD ELECTRONICALLY FOR REVIEW. ANY QUESTIONS OR REQUESTED CHANGES ARE SHARED WITH THE CFO. THEN THE RETURN IS FILED WITH THE IRS UPON APPROVALS. FORM 990, PART VI, SECTION B, LINE 12C WOMEN'S HOUSING AND ECONOMIC DEVELOPMENT CORPORATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS, OFFICERS, AND KEY PERSON ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE BOARD CHAIR WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE BOARD OR COMMITTEE WILL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO RESPOND. THE BOARD OR COMMITTEE WILL DISCLOSE THE CONFLICT OF INTEREST AND HOW THE CONFLICT WAS HANDLED. THE PERSON WITH THE ACTUAL CONFLICT OF INTEREST WILL BE PROHIBITED FROM VOTING ON THE MATTER THAT GIVES RISE TO THE CONFLICT. IF THERE HAS BEEN SUBSTANTIAL AND REPEATED FAILURES TO DISCLOSE ACTUAL CONFLICTS OF INTEREST, THE BOARD MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, INCLUDING REMOVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE DETERMINES THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS. THE COMPENSATION COMMITTEE USES COMPARABILITY DATA FROM FORM 990S OF OTHER SIMILAR SIZED ORGANIZATIONS AND COMPENSATION SURVEYS TO HELP DETERMINE THE COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS ON AN ANNUAL BASIS. THE COMPENSATION DECISION IS DOCUMENTED IN THE RECORDS OF THE ORGANIZATION. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING FINANCIAL STATEMENTS ON ITS OWN WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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