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

A BBB Accredited charity

 



Expiration Date:
05/2014
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:
Nancy Biberman, President
Compensation*:
$188,700
Chair of the Board:
Analisa Torres
Chair's Profession / Business Affiliation:
New York State Supreme Court
Board Size:
12
Paid Staff Size:
288



*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 19.9% of related contributions. (Related contributions, which totaled $1,734,091, 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, 2010.

Source of Funds  

Contracts and grants

$10,293,396

Foundations

1,455,802

Rental and other income

628,866

Individuals/ Special events

190,101

Donated services

88,188

Restrictions satisfied by payments

85,000

Investment income

31,659

Reclassification adjustment (to) from permanently restricted net assets

(105,000)

Total Income

$12,668,012

Program Expenses  

Homebased childcare

$5,698,672

Youth services

1,456,062

Head start

1,306,395

Family support

588,205

Housing development

507,108

Kitchen

244,321

Research and evaluation

56,301
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

9,857,064
345,636
1,221,005

$11,423,705

$1,244,307




Uses of Funds as a % of Total Expenses


Programs: 86%  Fund Raising: 3%  Administrative 11% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $8,121,157
Ending net assets 9,915,931
Total liabilities 1,174,938

Total assets

$11,090,869






 

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.