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CHARITY REVIEW
Issued: July 2026 Expires: July 2028

WHEDco - Women's Housing And Economic Development Corporation

Accredited Charity
Accredited Charity

Meets Standards
(718) 839-1100
50 East 168th Street
Bronx, NY, 10452
http://whedco.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

WHEDco - Women's Housing And Economic Development Corporation meets the 20 Standards for Charity Accountability.

Stated Purpose:
"To create and bridge access in the South Bronx to the resources that support thriving neighborhoods - from high-quality early education and after-school programs, to fresh, healthy food, cultural programming, and economic opportunity."

Year, State Incorporated:
1992, NY

The Women's Housing and Economic Development Corporation (WHEDco) is a community development organization founded on the radically simple idea that all people deserve healthy, vibrant communities. It builds award winning, sustainable, affordable homes - but its work is not over when its buildings are complete. WHEDco believes that to be successful, affordable housing must be anchored in strong communities of which residents can be proud.  

For the year ended June 30, 2024, WHEDco - Women's Housing And Economic Development Corporation's program expenses were:

Home-based Childcare $14,053,033
Youth Services $4,307,529
Head Start $2,279,198
Family Support $1,861,132
Arts $713,784
Community Development $712,088
Real Estate Development $518,206
Bronx CookSpace $134,352
Total Program Expenses $24,579,322

Chair of the Board
Scott Martin

Chair's Profession / Business Affiliation
Hausfeld Global Litigation Solutions

Board Size
12

Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Internet, Cause-related marketing (affinity credit cards, consumer product sales, etc.)

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.

The following information is based on WHEDco - Women's Housing And Economic Development Corporation's audited financial statements for the year ended June 30, 2024.

Source of Funds
Contract revenue $30,454,679
Foundations and contributions revenue, restricted $1,831,478
Foundations and contributions revenue $1,278,992
Investment and interest income $1,124,796
Individuals/special events, net $570,460
Donated services $428,475
Rental revenue $388,106
Other income $14,499
Total Income $36,091,485

Programs: 80% Fundraising: 3% Administrative: 17%

Total Income $36,091,485
Total expenses: $30,722,263
  Program expenses $24,579,322
  Fundraising expenses $1,013,318
  Administrative expenses $5,129,623
  Other expenses $0
Income in Excess of Expenses $5,369,222
Beginning Net Assets $44,413,841
Other Changes In Net Assets $0
Ending Net Assets $49,783,063
Total Liabilities $16,048,752
Total Assets $60,462,593

An organization may change its practices at any time without notice. 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. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Foundation of Metropolitan New York