You are now searching

   

New York BBB Wise Giving Report for
Women's Housing and Economic Development Corporation (WHEDCO)

A BBB Accredited charity

 



Expiration Date:
07/2016
Name:
Women's Housing and Economic Development Corporation
Address:
50 East 168th Street
Bronx, NY 10452
Phone:
718-839-1100
Web Site:
Year, State Incorporated:
1992, New York
Affiliates:
None
Stated Purpose:
" Our mission is to make the Bronx a more beautiful, equitable and economically vibrant place to live and raise a family. "





Evaluation Conclusions
 

              
Women's Housing and Economic Development Corporation (WHEDCO) meets the 20 Standards for Charity Accountability.




Programs
 

              
The Women’s Housing and Economic Development Corporation (WHEDco) has worked for nearly twenty years to build a more beautiful, equitable and economically vibrant Bronx. We reach over 30,000 people annually through energy-efficient, healthy and affordable homes, early childhood education and youth development, family support, home-based childcare microenterprise and food business incubation.



Governance
 

              
Chief Executive Officer:
Ms. Nancy Biberman, President
Compensation*:
$250,000
Chair of the Board:
Hon. Analisa Torres
Chair's Profession / Business Affiliation:
District Judge / Southern District of New York
Board Size:
13
Paid Staff Size:
170



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, internet.
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $2,092,138, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on WHEDCO's Audited Financial Statements for the fiscal year ended December 31, 2012.

Source of Funds  

Contracts and grants

$11,044,683

Foundations

1,719,356

Rental and other income

678,403

Restrictions satisfied by payments

235,000

Individuals/Special events

224,891

Donated services

147,891

Investment income

25,026

Total Income

$14,075,250

Program Expenses  

Homebased Childcare

$7,823,682

Head Start

1,508,644

Youth Services

1,477,359

Family Support

630,418

Melrose

529,728

Kitchen

238,925

Housing development

189,123

Community development

164,753

Research and Evaluation

78,907
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

12,641,539
313,897
1,399,352

$14,354,788

$(279,538)




Uses of Funds as a % of Total Expenses


Programs: 88%  Fund Raising: 2%  Administrative 10% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $5,464,353
Ending net assets 9,703,767
Total liabilities 1,802,378

Total assets

$11,506,145






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.