Womens Housing And Economic Development Corporation
Womens Housing And Economic Development Corporation shows consistent financial growth and significant asset accumulation.
EIN: 113099604 · Bronx, NY · NTEE: L80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37.1M |
| Total Expenses | $28.0M |
| Program Spending | 80% |
| Net Assets | $44.4M |
| Transparency Score | 85/100 |
Is Womens Housing And Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Womens Housing And Economic Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Womens Housing And Economic Development Corporation
Womens Housing And Economic Development Corporation (EIN: 113099604) is a nonprofit organization based in Bronx, NY, classified under NTEE code L80Z. The organization reported total revenue of $37.1M and total assets of $64.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Womens Housing And Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Womens Housing And Economic Development Corporation is a large nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.3M |
| Total Expenses | $28.0M |
| Surplus / Deficit | +$6.3M |
| Total Assets | $60.5M |
| Total Liabilities | $16.0M |
| Net Assets | $44.4M |
| Operating Margin | 18.3% |
| Debt-to-Asset Ratio | 26.5% |
| Months of Reserves | 25.9 months |
Financial Health Grade: A
In 2023, Womens Housing And Economic Development Corporation reported a surplus of $6.3M with revenue exceeding expenses, holds 25.9 months of operating reserves (strong position), has a debt-to-asset ratio of 26.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Womens Housing And Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | +25.0% | +43.4% |
| 2022 | +27.6% | +16.1% | +42.8% |
| 2021 | +32.0% | -6.5% | +25.1% |
| 2020 | +79.1% | +98.4% | +22.4% |
| 2019 | -48.2% | -49.9% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Womens Housing And Economic Development Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Womens Housing And Economic Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.5%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all filing periods, which suggests either a volunteer leadership model or that executive compensation is not categorized under 'Officer Comp' in the summarized data, requiring a deeper dive into the full 990 forms for clarity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Womens Housing And Economic Development Corporation's IRS 990 filings:
- Lack of detailed expense breakdown in summary data prevents precise program efficiency calculation.
Strengths
The following positive indicators were identified for Womens Housing And Economic Development Corporation:
- Consistent revenue growth, from $17.7M in 2014 to $34.3M in 2023.
- Significant asset accumulation, growing from $12.3M in 2014 to $60.4M in 2023.
- Consistent financial surpluses, with revenue exceeding expenses in most recent years (e.g., $6.3M surplus in 2023).
- No reported officer compensation in the provided summary data, suggesting efficient use of funds or volunteer leadership.
- Strong asset base of $64.4M (latest) indicates substantial capacity for mission delivery.
Frequently Asked Questions about Womens Housing And Economic Development Corporation
Is Womens Housing And Economic Development Corporation a legitimate charity?
Womens Housing And Economic Development Corporation (EIN: 113099604) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $37.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Womens Housing And Economic Development Corporation spend its money?
Womens Housing And Economic Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Womens Housing And Economic Development Corporation tax-deductible?
Womens Housing And Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 113099604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Womens Housing And Economic Development Corporation's spending goes to programs?
Womens Housing And Economic Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Womens Housing And Economic Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Womens Housing And Economic Development Corporation is above average for NTEE category L80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Womens Housing And Economic Development Corporation located?
Womens Housing And Economic Development Corporation is headquartered in Bronx, New York and files with the IRS under EIN 113099604. It is classified under NTEE code L80Z.
How many years of IRS 990 filings does Womens Housing And Economic Development Corporation have?
Womens Housing And Economic Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $37.1M in total revenue.
Is Womens Housing And Economic Development Corporation a good charity?
Based on the provided financial data, WHEDco appears to be a financially healthy and growing organization. It consistently generates surpluses, has significantly increased its assets from $12.3 million in 2014 to $60.4 million in 2023, and has a substantial revenue stream. The absence of reported officer compensation is a positive indicator of efficient resource allocation, though further investigation into the full 990 forms would confirm the complete picture of executive costs.
How has WHEDco's financial health changed over time?
WHEDco has demonstrated remarkable financial growth and stability over the past decade. Its revenue has grown from $17.7 million in 2014 to $34.3 million in 2023, and its assets have expanded from $12.3 million to $60.4 million in the same period. The organization has consistently managed to keep expenses below revenue, leading to healthy surpluses and asset accumulation.
What is the organization's approach to executive compensation?
The provided summary data indicates 'Officer Comp=0%' for all available filing periods. This suggests that either the organization's leadership is entirely volunteer-based, or executive compensation is reported under a different category within the full IRS Form 990, which would require reviewing the detailed filings to understand the actual compensation structure.
Filing History
IRS 990 filing history for Womens Housing And Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Womens Housing And Economic Development Corporation's revenue has grown by 171.9%, moving from $12.6M to $34.3M. Total assets increased by 446.7% over the same period, from $11.1M to $60.5M. Total functional expenses rose by 116.9%, from $12.9M to $28.0M. In its most recent filing year (2023), Womens Housing And Economic Development Corporation reported a surplus of $6.3M, with revenue exceeding expenses. The organization holds $16.0M in liabilities against $60.5M in assets (debt-to-asset ratio: 26.5%), resulting in net assets of $44.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.3M | $28.0M | $60.5M | $16.0M | — | — |
| 2022 | $35.6M | $22.4M | $42.2M | $4.0M | — | View 990 |
| 2021 | $27.9M | $19.3M | $29.5M | $4.5M | — | View 990 |
| 2020 | $21.1M | $20.7M | $23.6M | $7.1M | — | View 990 |
| 2019 | $11.8M | $10.4M | $19.3M | $3.3M | — | View 990 |
| 2018 | $22.8M | $20.8M | $18.2M | $3.6M | — | View 990 |
| 2017 | $22.7M | $21.2M | $16.7M | $4.1M | — | View 990 |
| 2016 | $21.7M | $21.1M | $13.7M | $2.7M | — | View 990 |
| 2015 | $19.3M | $19.5M | $12.7M | $2.3M | — | View 990 |
| 2014 | $17.8M | $17.1M | $12.3M | $1.7M | — | View 990 |
| 2013 | $15.9M | $15.6M | $11.9M | $1.9M | — | View 990 |
| 2012 | $14.3M | $14.2M | $11.5M | $1.8M | — | View 990 |
| 2011 | $12.6M | $12.9M | $11.1M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.3M, expenses of $28.0M, and assets of $60.5M (revenue -3.5% year-over-year).
- 2022: Revenue of $35.6M, expenses of $22.4M, and assets of $42.2M (revenue +27.6% year-over-year).
- 2021: Revenue of $27.9M, expenses of $19.3M, and assets of $29.5M (revenue +32.0% year-over-year).
- 2020: Revenue of $21.1M, expenses of $20.7M, and assets of $23.6M (revenue +79.1% year-over-year).
- 2019: Revenue of $11.8M, expenses of $10.4M, and assets of $19.3M (revenue -48.2% year-over-year).
- 2018: Revenue of $22.8M, expenses of $20.8M, and assets of $18.2M (revenue +0.2% year-over-year).
- 2017: Revenue of $22.7M, expenses of $21.2M, and assets of $16.7M (revenue +4.6% year-over-year).
- 2016: Revenue of $21.7M, expenses of $21.1M, and assets of $13.7M (revenue +12.6% year-over-year).
- 2015: Revenue of $19.3M, expenses of $19.5M, and assets of $12.7M (revenue +8.6% year-over-year).
- 2014: Revenue of $17.8M, expenses of $17.1M, and assets of $12.3M (revenue +11.6% year-over-year).
- 2013: Revenue of $15.9M, expenses of $15.6M, and assets of $11.9M (revenue +11.3% year-over-year).
- 2012: Revenue of $14.3M, expenses of $14.2M, and assets of $11.5M (revenue +13.2% year-over-year).
- 2011: Revenue of $12.6M, expenses of $12.9M, and assets of $11.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Womens Housing And Economic Development Corporation:
Data Sources and Methodology
This transparency report for Womens Housing And Economic Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.