2025-05-09T12:40:42-05:00 2024-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-07-01 113099604 WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION WOME 7188391100 50 EAST 168TH STREET BRONX NY 10452 DAVON RUSSELL PRESIDENT & CEO 7188391100 2025-05-09 1 1 EVA MRUK P00543254 2122862600 2025-05-08 2023 2025-03-06 01:10:19Z DAVON RUSSELL 50 EAST 168TH STREET BRONX NY 10452 37128936 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. 14 14 504 109 0 0 33241092 34353179 745678 711245 329859 601058 248 2077 34316877 35667559 0 0 0 0 16311955 18097658 0 0 1013318 11729568 12144599 28041523 30242257 6275354 5425302 60462593 64419200 16048752 14636137 44413841 49783063 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 14053033 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. 4307529 0 122460 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. 2279198 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. 3939562 0 588785 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. 3939562 0 588785 24579322 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 1 0 0 1 160 0 504 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 1 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 DANIELLE ASH DIRECTOR 0.25 0.00 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 FELICIA FRANKLIN 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 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 DAVON RUSSELL PRESIDENT AND CEO 35.00 10.00 X 330798 0 61414 REBECCA KRAMNICK SENIOR VP & GENERAL COUNSEL THRU JAN 2024 35.00 0.00 X 164604 0 67027 VERA AMARAL SENIOR VP & GENERAL COUNSEL AS OF JAN 2024 35.00 0.00 X 149476 0 11008 EBONIE NICHOLS CHIEF FINANCIAL OFFICER 35.00 10.00 X 113809 0 0 DIANA PEREZ VP HOME-BASED CHILDCARE SERVICES 35.00 0.00 X 208718 0 152904 DOXENE ROBERTS VP FAMILY SUPT AND HOUSING 35.00 0.00 X 181042 0 22495 JULIA ROBERTS VP DEVELOPMENT & EXT AFFAIRS 35.00 0.00 X 170715 0 23079 PHILLIP DISENSO DIRECTOR OF IT 35.00 0.00 X 153670 0 21135 KEITH HICKS VP PROGRAMS 35.00 0.00 X 145499 0 14159 1618331 0 373221 18 0 1 0 CONSTRUCTOMICS LLC 40 BROAD STREET 4TH FLOOR NEW YORK NY 10004 CONSTRUCTION SERVICES 692208 GOING SIGN & SERVICING CO INC 140 TERMINAL DRIVE PLAINVIEW NY 11803 PROJECT DESIGN SERVICES 288340 STEELDECK NY INC 141 BANKER STREET BROOKLYN NY 11222 CONSTRUCTION SERVICES 256518 ABSOLUTE ELECTRICAL CONTRACTING OF NY I 307 WEST 38TH STREET SUITE 1301 NEW YORK NY 10018 CONSTRUCTION SERVICES 215974 WXY ARCHITECTURE & URBAN DESIGN 25 PARK PLACE 5TH FLOOR NEW YORK NY 10007 CONSTRUCTION SERVICES 165783 27 120199 42455 29438332 4752193 428808 34353179 RENTAL AND OTHER INCOME 900099 388106 388106 PRGM RELATED INTEREST 900099 303139 303139 MANAGEMENT FEES 900099 20000 20000 711245 586602 586602 1456175 1441719 14456 14456 14456 7236 42455 19658 -12422 -12422 OTHER INCOME 900099 14499 14499 14499 35667559 711245 0 603135 1045238 1045238 13323299 11155365 1486213 681721 703886 563229 99312 41345 1733418 1303527 334202 95689 1291817 931321 292130 68366 127647 5146 122501 37000 37000 834514 590546 232756 11212 9472 7627 1845 502416 355441 107499 39476 520586 436815 61536 22235 1069624 725866 319987 23771 3902851 3890521 3320 9010 45876 45743 27 106 595 595 299662 299662 162103 16757 145346 FOOD 3655732 3645116 2183 8433 PROGRAM DEVELOPMENT 362112 287032 68331 6749 PROGRAM SUPPLIES 239870 239173 143 554 REPAIRS AND MAINTENANCE 188350 166178 19775 2397 186189 176919 8861 409 30242257 24579322 4649617 1013318 2257856 2138810 16379559 20412748 1762665 1513107 9915532 6563882 354217 328260 12806245 3200072 6994920 9606173 4275176 3924422 18522668 19931798 60462593 64419200 2658962 2710100 80000 40000 13309790 11886037 16048752 14636137 X 40237222 46219148 4176619 3563915 44413841 49783063 60462593 64419200 X 5425302 200599 -256679 X X 0 1 X 1 1 1 X 20338129 23356352 34544113 33068868 34353179 145660641 20338129 23356352 34544113 33068868 34353179 145660641 331504 145329137 139085 154145 169944 73785 586602 1123561 169575 209768 0 0 0 379343 184820 31444 7086 14499 237849 147401394 6584340 0.98590 0.98950 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. 2023 AMOUNT: $ 14,499. INCOME FROM PARTNERSHIPS - 2020 AMOUNT: $ 184,820. 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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, 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTIES REVENUE INCLUDED PER AUDIT 9,677,116. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT 1,158,221. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTIES EXPENSES INCLUDED PER AUDIT 16,676,375. WRITE-OFF OF PLEDGE RECEIVABLES 256,679. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT 1,158,221. BENEFIT/BALLGAME AT YANKEE STADIUM 40025 35825 4200 1182 11719 1092 BOW TIES FOR THE BRONX 9666 6630 3036 1027 4158 480 49691 42455 7236 2209 15877 1572 19658 -12422 X X X X 0 1 0 0 0 0 0 0 0 DAVON RUSSELL PRESIDENT AND CEO 308298 0 0 0 22500 0 15598 0 45816 0 392212 0 0 0 DIANA PEREZ VP HOME-BASED CHILDCARE SERVICES 186218 0 0 0 22500 0 136745 0 16159 0 361622 0 0 0 REBECCA KRAMNICK SENIOR VP & GENERAL COUNSEL THRU JAN 2024 142104 0 0 0 22500 0 8434 0 58593 0 231631 0 0 0 DOXENE ROBERTS VP FAMILY SUPT AND HOUSING 158542 0 0 0 22500 0 8336 0 14159 0 203537 0 0 0 JULIA ROBERTS VP DEVELOPMENT & EXT AFFAIRS 170715 0 0 0 0 0 7820 0 15259 0 193794 0 0 0 PHILLIP DISENSO DIRECTOR OF IT 153670 0 0 0 0 0 6976 0 14159 0 174805 0 0 0 VERA AMARAL SENIOR VP & GENERAL COUNSEL AS OF JAN 2024 149476 0 0 0 0 0 6958 0 4050 0 160484 0 0 0 KEITH HICKS VP PROGRAMS 145499 0 0 0 0 0 0 0 14159 0 159658 0 0 0 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. X 1 1000 COST X 412 COST X 203736 COST X 1 223660 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 A, LINE 4 THE BOARD OF DIRECTORS AMENDED THE BY-LAWS IN SEPTEMBER 2023. THE CHANGES TO THE BY-LAWS INCLUDE UPDATES TO THE MINIMUM NUMBER OF COMPENSATION COMMITTEE MEMBERS AND THE AUTHORITY OF THE COMPENSATION COMMITTEE MEMBERS' ROLES IN ESTABLISHING THE PRESIDENT'S COMPENSATION. 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 COMMUNICATED TO THE CFO. ONCE ALL FEEDBACK HAS BEEN ADDRESSED AND FINAL APPROVALS ARE OBTAINED, THE RETURN IS FILED WITH THE IRS. 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 DISCLOSURES AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST DISCLOSURES 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 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 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES A SUMMARY OF ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS OWN WEBSITE. THE ORGANIZATION MAKES ITS FULL FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF PLEDGE RECEIVABLES -256,679. 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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