Womens Development Corporation
- Assets
- $5.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 09/1979
- Data as of
- 12/2021
- EIN
- 05-0383354
Organization Overview
Womens Development Corporation is located in Providence, RI. The organization was established in 1979. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Womens Development Corporation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $819.0k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF LOW-INCOME HOUSING IN DEPRESSED AREAS OF RI AND MA, HOUSING COUNSELING AND CONSULTING FOR NON-PROFIT ORGANIZATIONS AND LOW-INCOME FAMILIES COUNSELING WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Bradner Secretary | OfficerTrustee | 2 | $0 |
Julia Bush 1st Vice Chair | OfficerTrustee | 2 | $0 |
Barbara Colt Director - Treasurer | OfficerTrustee | 2 | $0 |
Michelle Ruberto Fonseca Director - Chair | OfficerTrustee | 2 | $0 |
Frank Shea Executive Director | Officer | 40 | $0 |
Kristin Dekuiper Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $372,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,182 |
| Total Program Service Revenue | $1,308,311 |
| Investment income | $19,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,700,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,153 |
| Pension plan accruals and contributions | $30,807 |
| Other employee benefits | $27,942 |
| Payroll taxes | $24,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,676 |
| Fees for services: Accounting | $19,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236,224 |
| Advertising and promotion | $0 |
| Office expenses | $20,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,715 |
| Insurance | $12,342 |
| All other expenses | $0 |
| Total functional expenses | $819,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,914 |
| Savings and temporary cash investments | $1,026,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,364,415 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,375 |
| Net Land, buildings, and equipment | $1,894,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,033,946 |
| Total assets | $5,855,612 |
| Accounts payable and accrued expenses | $92,986 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $92,986 |
| Net assets without donor restrictions | $4,414,483 |
| Net assets with donor restrictions | $1,348,143 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,855,612 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Hearth Inc Boston, MA | $12,790,165 | $7,949,326 |
Springhouse Inc Boston, MA | $37,736,932 | $9,492,146 |
The Neighborhood Developers Inc Chelsea, MA | $68,146,151 | $7,961,454 |