2026-05-07T19:18:42-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2024-07-01 113099604 WOMEN'S HOUSING & ECONOMIC DEVELOPMENT CORPORATION WOME 7188391100 50 EAST 168TH STREET BRONX NY 10452 DAVON RUSSELL PRESIDENT & CEO 7188391100 2026-05-07 1 1 EVA MRUK P00543254 2122862600 2026-05-06 2024 2025-03-06 01:10:19Z DAVON RUSSELL 50 EAST 168TH STREET BRONX NY 10452 35297260 0 X WWW.WHEDCO.ORG X 1991 NY TO CREATE AND BRIDGE ACCESS IN THE BRONX TO RESOURCES THAT SUPPORT THRIVING NEIGHBORHOODS - FROM STABLE, AFFORDABLE HOUSING TO HIGH-QUALITY EARLY CHILDHOOD AND SCHOOL-AGE YOUTH EDUCATION PROGRAMS, COMPREHENSIVE FAMILY AND COMMUNITY SERVICES, BUSINESS AND ENTREPRENEUR ASSISTANCE, AND CULTURAL PROGRAMMING. 14 14 513 96 0 0 34353179 33336635 711245 798249 601058 888977 2077 -20260 35667559 35003601 0 0 0 0 18097658 19701111 0 0 1220827 12144599 13363500 30242257 33064611 5425302 1938990 64419200 66611432 14636137 15134948 49783063 51476484 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 STABLE, AFFORDABLE HOUSING TO HIGH-QUALITY EARLY CHILDHOOD AND SCHOOL-AGE YOUTH EDUCATION PROGRAMS, COMPREHENSIVE FAMILY AND COMMUNITY SERVICES, BUSINESS AND ENTREPRENEUR ASSISTANCE, AND CULTURAL PROGRAMMING. 0 0 15410756 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 INFORMAL FRIEND-FAMILY-NEIGHBOR CARE PROVIDERS TO INCREASE ACCESS TO HIGH QUALITY AFFORDABLE CHILDCARE ACROSS THE BRONX AND NYC. WHEDCO SUPPORTS CHILDCARE PROVIDERS THROUGH COMPREHENSIVE PROFESSIONAL DEVELOPMENT 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. 3888585 0 115502 AFTER-SCHOOL, EXTENDED DAY, SUMMER CAMP, AND TEEN COLLEGE ACCESS 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. 2691179 0 0 HEAD START 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. 4521483 0 682747 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. 4521483 0 682747 26512003 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 1 147 0 513 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 INES SOLIS 7188391100 50 EAST 168TH STREET BRONX NY 10452 SCOTT MARTIN ESQ TREASURER THRU SEPT 2024/CHAIR 0.50 0.25 X X 0 0 0 LINDA FIELD CHAIR THRU SEPT 2024/DIRECTOR 0.50 0.25 X X 0 0 0 SARA KAY SECRETARY 0.50 0.00 X X 0 0 0 ROGER GILL TREASURER 0.50 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 RUSSELL JACKSON DIRECTOR 0.25 0.00 X 0 0 0 SAGE MASON 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 0.00 X 0 0 0 EMERITA TORRES DIRECTOR THRU JAN 2025 0.25 0.00 X 0 0 0 DAVON RUSSELL PRESIDENT AND CEO 35.00 10.00 X 396975 0 69440 VERA L AMARAL SENIOR VP & GENERAL COUNSEL 35.00 0.00 X 200612 0 11212 EBONIE NICHOLS CHIEF FINANCIAL OFFICER THRU JAN 2025 35.00 10.00 X 206966 0 0 INES SOLIS INTERIM CHIEF FINANCIAL OFFICER AS OF FEB 2025 35.00 10.00 X 138790 0 22985 JUAN GUSTAVO CAMPOS NAVARRO SVP, AFFORDABLE HOUSING ASSET MGMT 35.00 10.00 X 169111 0 14645 DIANA PEREZ VP HOME-BASED CHILDCARE SERVICES 35.00 0.00 X 350123 0 35890 DOXENE ROBERTS VP FAMILY SUPTAND & HOUSING SERVICES 35.00 0.00 X 190170 0 26079 JULIA ROBERTS VP DEVELOPMENT & EXT AFFAIRS 35.00 0.00 X 188189 0 25059 PHILLIP DISENSO DIRECTOR OF IT 35.00 0.00 X 161495 0 23070 KEITH HICKS VP PROGRAMS 35.00 0.00 X 156109 0 21230 2158540 0 249610 21 0 1 0 EUDA CONSTRUCTION AND DESIGN LLC 48 EATON COURT MANHASSET NY 11030 CONSTRUCTION SERVICES 288636 RAISA R DALMASI BONILLA 1334 LOUIS NINE BOULEVARD BRONX NY 10459 CHILD CARE PROVIDER 202225 NURIA C DELMONTE 1710 HOE AVENUE BRONX NY 10460 CHILD CARE PROVIDER 182050 MAMICHELLE'S DAYCARE INC 507 EAST 161ST STREET BRONX NY 10451 CHILD CARE PROVIDER 170375 SWEET ANGEL CHILD CARE CORP 1275 NELSON AVENUE BRONX NY 10452 CHILD CARE PROVIDER 164730 23 127938 211025 29841447 3156225 440948 33336635 RENTAL AND OTHER INCOME 900099 470913 470913 PRGM RELATED INTEREST 900099 307336 307336 MANAGEMENT FEES 900099 20000 20000 798249 878124 878124 241423 230570 10853 10853 10853 29184 211025 63089 -33905 -33905 OTHER INCOME 900099 13645 13645 13645 35003601 798249 0 868717 1197390 184435 1012955 14514210 11703172 2099461 711577 697704 559504 99497 38703 1937405 1457493 378092 101820 1354402 994707 290887 68808 115318 7824 107494 37000 37000 833012 625350 186406 21256 75403 73064 2339 608838 525288 71912 11638 549707 493786 42801 13120 1152190 823796 299509 28885 47105 45252 1386 467 32502 32236 217 49 51374 50611 763 439395 439395 198466 16688 181778 PROGRAM EXPENSES 8251192 8183549 55151 12492 PROGRAM DEVELOPMENT 370949 117430 45696 207823 REPAIRS AND MAINTENANCE 222100 205468 15354 1278 FOOD 219826 218024 1469 333 159123 157326 1558 239 33064611 26512003 5331781 1220827 2138810 600776 20412748 21450438 1513107 1142707 6563882 8474554 328260 514254 14058790 3639467 9606173 10419323 3924422 3649487 19931798 20359893 64419200 66611432 2710100 2483322 40000 0 11886037 12651626 14636137 15134948 X 46219148 49404020 3563915 2072464 49783063 51476484 64419200 66611432 X 1938990 -245569 X 0 1 X 1 1 1 X 23356352 34544113 33068868 34353179 33336635 158659147 23356352 34544113 33068868 34353179 33336635 158659147 59872 158599275 154145 169944 73785 586602 878124 1862600 209768 0 0 0 0 209768 184820 31444 7086 14499 13645 251494 160983009 6921168 0.98520 0.98590 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. 2024 AMOUNT: $ 13,645. INCOME FROM PARTNERSHIPS - 2020 AMOUNT: $ 184,820. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 37000 37000 31806784 31843784 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 33000 40000 37000 37000 147000 250000 250000 250000 250000 1000000 1500000 0 0 0 0 6744703 112412 6632291 5448283 2024649 3423634 973083 966874 6209 892721 535532 357189 10419323 PRI DEVELOPER'S FEE RECEIVABLE - BRONX COMMONS LLC 3649487 C 3649487 SECURITY DEPOSITS 6495 UNEMPLOYMENT TRUST RESERVES 76321 DUE FROM AFFILIATES 3906837 INTEREST RECEIVABLE 1342326 LOAN RECEIVABLE 4973992 RIGHT-OF-USE ASSETS, NET 10053922 20359893 TENANT SECURITY DEPOSITS PAYABLE 6495 CONTRACT ADVANCES 1158046 DUE TO PROVIDERS 380501 CONSTRUCTION COSTS PAYABLE 254404 LEASE PAYABLES 10852180 12651626 X 44152666 122000 10170813 10292813 33859853 1143748 1143748 35003601 48749986 122000 16707123 16829123 31920863 1143748 1143748 33064611 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. 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, 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTIES REVENUE INCLUDED PER AUDIT 10,170,813. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT 1,143,748. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED PARTIES EXPENSES INCLUDED PER AUDIT 16,461,554. WRITE-OFF OF PLEDGE RECEIVABLES 245,569. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATING/CONSOLIDATING ENTRIES PER AUDIT 1,143,748. BRONX MUSIC HALL GRAND OPENING 177275 152986 24289 3878 40949 6999 BENEFIT & BALLGAME 60575 56450 4125 936 8515 777 1 2359 1589 770 984 51 240209 211025 29184 4814 50448 7827 63089 -33905 X X X X 0 1 0 0 0 0 0 1 0 DAVON RUSSELL PRESIDENT AND CEO 323975 0 50000 0 23000 0 20518 0 48922 0 466415 0 0 0 DIANA PEREZ VP HOME-BASED CHILDCARE SERVICES 147123 0 0 0 203000 0 17743 0 18147 0 386013 0 180000 0 DOXENE ROBERTS VP FAMILY SUPTAND & HOUSING SERVICES 167170 0 0 0 23000 0 9632 0 16447 0 216249 0 0 0 JULIA ROBERTS VP DEVELOPMENT & EXT AFFAIRS 188189 0 0 0 0 0 9512 0 15547 0 213248 0 0 0 VERA L AMARAL SENIOR VP & GENERAL COUNSEL 200612 0 0 0 0 0 10156 0 1056 0 211824 0 0 0 EBONIE NICHOLS CHIEF FINANCIAL OFFICER THRU JAN 2025 206966 0 0 0 0 0 0 0 0 0 206966 0 0 0 PHILLIP DISENSO DIRECTOR OF IT 161495 0 0 0 0 0 8123 0 14947 0 184565 0 0 0 JUAN GUSTAVO CAMPOS NAVARRO SVP, AFFORDABLE HOUSING ASSET MGMT 169111 0 0 0 0 0 0 0 14645 0 183756 0 0 0 KEITH HICKS VP PROGRAMS 156109 0 0 0 0 0 6283 0 14947 0 177339 0 0 0 INES SOLIS INTERIM CHIEF FINANCIAL OFFICER AS OF FEB 2025 138790 0 0 0 0 0 7038 0 15947 0 161775 0 0 0 PART I, LINE 4B DIANA PEREZ, VP HOME-BASED CHILDCARE SERVICES, PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. HE RECEIVED DISTRIBUTION FROM THE 457(F) PLAN IN AMOUNT OF $180,000 IN CALENDAR YEAR 2024. THE AMOUNT IS REPORTABLE AS TAXABLE COMPENSATION IN PART II, COLUMN B (III). PART I, LINE 7 THE ORGANIZATION PAID BOARD APPROVED PERFORMANCE-BASED DISCRETIONARY BONUS TO THE PRESIDENT & CEO IN CALENDAR YEAR 2024. THE AMOUNT IS REPORTABLE AS TAXABLE COMPENSATION IN PART II, COLUMN B (II). X 1 3000 COST X 286 COST X 197059 COST X 2 226310 AVG. SELLING PRICE X 1 1063 COST X SCHOOL SUPPLIES 3 10300 COST X TICKETS AND OTHER 9 2190 COST X FURNITURE 1 740 COST 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 BYLAWS ON JANUARY 27, 2025 TO UPDATE GOVERNANCE PROVISIONS. THE AMENDMENTS INCLUDED CHANGES TO THE NUMBER AND STRUCTURE OF THE BOARD OF DIRECTORS, INCLUDING THE ESTABLISHMENT OF A MINIMUM AND MAXIMUM NUMBER OF DIRECTORS AND THE ELIMINATION OF STAGGERED TERMS; THE ADDITION OF A VICE CHAIRPERSON POSITION AND UPDATES TO OFFICER ROLES; REVISIONS TO QUORUM AND VOTING REQUIREMENTS, INCLUDING THE DEFINITION OF THE "ENTIRE BOARD; UPDATES TO COMMITTEE STRUCTURE, COMPOSITION, AND AUTHORITY, INCLUDING PROVISIONS RELATED TO AUDIT AND FINANCIAL OVERSIGHT; AND THE INCORPORATION OF PROVISIONS IN THE BYLAWS REQUIRING THE ADOPTION OF CERTAIN GOVERNANCE POLICIES, INCLUDING CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES. 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 ARE SUBMITTED TO THE GENERAL COUNSEL, WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE GENERAL COUNSEL WILL INFORM THE PRESIDENT AND THE BOARD CHAIR 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 2025. 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 -245,569. 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