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Washington Heights and Inwood Development Corporation

Washington Heights and Inwood Development Corporation

New York, NY 10033
Tax ID13-2950346

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About this organization

Revenue

$297,398

Expenses

$481,493

Mission

The organization's mission is to support and foster an environment for economic development and provide entrepreneurial, cultural, recreational and employment opportunities

About

Our community capacity building work includes developing strategic plans in cooperation with partners in the community involved in economic development, providing facilitation and technical assistance in the community and connecting organizations to available resources. Our business assistance programs provide both direct and indirect micro and small business loans, one on one business counseling, technical assistance, and referral services. Our loan program fills a significant need for local entrepreneurs. Half of the loans we have made in the past four years have gone to start-up businesses. Over 95% of our loans have gone to minority-owned and 40% to women-owned businesses. Our loans have helped create over 440 full-time jobs and 150 new businesses in our community. We are one of the most active and successful micro business leaders in NYC. We particularly provide business development services to home based and center based child care providers, including training business counseling and access to grants and loans. La Plaza de las Toramericas WHIDC is administrator of the year-round La Plaza de las Americas street vendors market on West 175th between Wadsworth and Broadway. La Plaza as a micro business incubator for up to 50. The organization is also the sponsor of a new plaza to be constructed as part of the Plaza NYC program

Interesting data from their 2020 990 filing

The filing clearly states the mission of the non-profit as “The organizations mission is to support and foster an environment for economic development and provide entrepreneurial, cultural, recreational and employment opportunities”.

When outlining its functions, they were explained as: “The organizations mission is to support and foster an environment for economic development and provide entrepreneurial, cultural, recreational and employment opportunities”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as NY.
  • As of 2020, the non-profit's form reports a total of 7 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is -$184,095.
  • The CEO's salary plan within the organization is subject to review and endorsement by an independent body.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 7 independent voting members.
  • The organization has a professional fund raiser.
  • The organization was formed in 1978.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $265,574 in salary, compensation, and benefits to its employees.
  • The organization pays $16,500 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.

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