2024-11-15T22:16:16-06:00 2023-12-31 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2023-01-01 132950346 WASHINGTON HEIGHTS AND INWOOD DEVELOPMENT CORPORATION WASH 3322086465 611 WEST 177TH STREET NEW YORK NY 100330000 JAHAIRA GUERRERO EXEC DIRECTOR 3322086465 2024-11-15 1 1 WILLIAM SKODY P00631754 2129671100 2024-11-09 2023 2024-10-15 13:58:12Z JAHAIRA GUERRERO 611 WEST 177TH STREET NEW YORK NY 100330000 332663 0 X WHIDC.ORG X 1978 NY TO SUPPORT AND FOSTER AN ENVIRONMENT FOR ECONOMIC DEVELOPMENT AND PROVIDE ENTREPRENEURAL CULTURAL, RECREATIONAL AND EMPLOYMENT OPPORTUNITIES FOR ALL THOSE WHO LIVE OR WORK IN THE WASHINGTON HEIGHTS, INWOOD SECTION OF NORTHERN MANHATTAN. 7 7 5 7 0 0 278805 210932 64438 121731 0 0 26116 0 369359 332663 0 0 0 0 287533 191445 0 0 0 317837 237299 605370 428744 -236011 -96081 476640 221875 1315913 1186960 -839273 -965085 X TO SUPPORT AND FOSTER AN ENVIRONMENT FOR ECONOMIC DEVELOPMENT ANDPROVIDE ENTREPRENEURALCULTURAL, RECREATIONAL AND EMPLOYMENTOPPORTUNITIES FOR ALL THOSE WHOLIVE OR WORK IN THE WASHINGTON HEIGHTS,INWOOD SECTION OF NORTHERN MANHATTAN. 0 0 228522 121731 BUSINESS ASSITANCE -THE B0$$ PROGRAM FOCUSES ON THE DELIVERY OF CAPITAL, TECHNICALASSISTANCE AND REFERRAL SERVICES TO BUSINESSES WITH 10 EMPLOYEES ORLESS AN ANNUAL GROSS INCOME OF LESS THAN $500,000 (MICRO ENTERPRISES).THE ORGANIZATION IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIALINSTITUTION ("CDFI") AND HAS MADE OVER 370 LOANS TOTALING OVER $5.6MILLION SINCE THE LOAN PROGRAMS INCEPTION IN 1995. LOANS RANGE FROM$100 TO $50,000. TWO THIRDS OF THE LOANS HAVE GONE TO SMALL STOREFRONTBUSINESSES WITH THE BALANCE GOING TO STREET VENDORS AND IN-HOMEBUSINESSES. A THIRD OF THE LOANS GO TO STARTUP BUSINESSES. OF THE LOANSTO INDIVIDUALS, 96% HAVE GONE TO MINORITY AND WOMEN OWNED BUSINESSES.THESE LOANS HAVE CREATED OVER 420 FULL-TIME JOBS AND 130 NEW BUSINESSESIN THE COMMUNITY.ENTREPRENEURIAL ASSISTANCE ASSISTS OVER 200 CLIENTS ANNUALLY WITH ONEON ONE BUSINESS COUNSELING AND TECHNICAL ASSISTANCE 105454 OTHER PROGRAMS -LAPLAZA DE LAS AMERICAS WHIDC ADMINISTERS THE YEAR ROUND LA PLAZA DELAS AMERICAS STREET VENDORS MARKET ON WEST 175TH ST. BETWEEN WADSWORTHAND BROADWAY. LA PLAZA SERVES AS A MICRO BUSINESS "INCUBATOR" FOR UP TO50 VENDORS. THE ORGANIZATION WAS ALSO THE SPONSOR OF THE NEW PLAZA THATWAS CONSTRUCTED AS PART OF THE "PLAZA NYC" PROGRAM. THE NEW PEDESTRIANPLAZA IS CLOSED TO TRAFFIC AND GIVES VENDORS ACCESS TO ELECTRICITY ANDWATER. THE PLAZA ALSO FEATURES TREES, LIGHTING, BENCHES, TABLES,CHAIRS, AND A FOUNTAIN. TRI-STATE REGION SPURRING ECONOMIC ACTIVITY IN THE AREA. ADMISSION IS FREE AND OVER 60,000 PEOPLE ATTEND THE FESTIVAL ANNUALLY. 333976 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THE ORGANIZATION 3322086465 611 WEST 177TH STREET NEW YORK NY 100330000 JOSEPH LAUFER CHAIRPERSON 2.00 X X 0 0 0 MAGDA SOUFFRONT SECRETARY 2.00 X X 0 0 0 MARIA LUNA BOARD MEMBER 2.00 X 0 0 0 TONYA REEVES BOARD MEMBER 2.00 X 0 0 0 JOSEFA RUIZ BOARD MEMBER 2.00 X 0 0 0 VIVIAN DUCAT BOARD MEMBER 2.00 X 0 0 0 ISAAC ROLDAN BOARD MEMBER 2.00 X 0 0 0 JAHAIRA GUERRERO EXECUTIVE DIRECTOR 35.00 X 115000 0 195 115000 0 195 1 0 0 0 0 210932 210932 PROGRAM SERVICE INCOME 900099 121731 121731 121731 332663 121731 0 0 115195 89625 25570 39001 39001 19712 19712 17537 17537 852 852 34935 34935 10632 10632 13224 13224 22501 10289 12212 3482 3482 24083 24083 7783 7783 33180 33180 1080 1080 5520 5520 MISCELLANEOUS EXP. 57965 57965 PROGRAM SERVICE EXP. 16057 16057 BANK FEES 5514 5514 BOOKS AND SUBS. EXP. 491 491 428744 333976 94768 0 104570 104898 1843 2312 100000 100048 32359 21570 12744 11003 8826 2499 226865 3292 476640 221875 128557 106678 61436 897977 1080282 227943 0 1315913 1186960 X -839273 -965085 -839273 -965085 476640 221875 -96081 -29731 0 X X 1 X 0 1 0 X 177985 273260 204909 278805 210932 1145891 177985 273260 204909 278805 210932 1145891 1145891 1383 1383 1147274 512329 0.99880 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21570 12744 8826 8826 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE OF ITS POLICIES. FORM 990, PART VI, SECTION B, LINE 15A THE SALARIES OF OFFFICERS, IF ANY, SHALL BE FIXED BY RESOLUTION OF THE BOARD OF DIRECTORS. IN ALL CASES ANY SALARIES RECEIVED BY OFFICERS OF THIS ORGANIZATION SHALL BE REASONABLE. ALL OFFICER SALARIES SHALL BE APPROVED IN ADVANCE IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OF THE DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST OF THE DOCUMENTS. FORM 990. PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.