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Womens Development Corporation FY2020 filing

Tax-deductible

Providence, RI501(c)(3)EIN 05-0383354Revenue $709K in FY2020

On file with the IRSwdchoc.org861a Broad St, 02907-1768 · Providence, RITax-exempt since Sep 1979Publicly supported charity — 170(b)(1)(A)(vi)

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Development of low-income housing

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $344K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 34.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $116K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$245K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$709K
Spent
$579K
To programs
100%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$709K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$709K
FY2021$1.7M
FY2022$1.4M
FY2023$3.0M
FY2024$908K
Expenses
$579K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$579K
FY2021$819K
FY2022$1.3M
FY2023$2.0M
FY2024$1.2M
Net assets
$4.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$5.8M
FY2022$5.8M
FY2023$6.8M
FY2024$6.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $579K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Kris Bradner
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Emily Hall
Director
$0Pt VII · Sec A
Julia Bush
1st Vice Chair
$0Pt VII · Sec A
Drew Kaplan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Sabbagh
Director
$0Pt VII · Sec A
See Womens Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds affordable homes for low-income families.

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Provided by the organization

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1 program · $579K · in their own filed words · FY2020
01

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

$579Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Local Initiatives Support CorporationFY2024$75K
Womens Opportunity Realty CorpFY2024$41K
Total grants receivedfrom 2 funders$116K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$709K
Ln 12
Fees for servicesLn 2g$705K
Investment incomeLn 3$4K
Money outPt IX
$579K
Ln 25
Programscol B$579K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$5.1M
LiabilitiesLn 26$245K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$705K
Investment incomeLn 3$4K
Total revenueLn 12$709K
Assets in detailPt X, end of year
CashLn 1$163K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$564K
Total assetsLn 16$5.1M
LiabilitiesLn 26$245K
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.9M$1.7M
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$4.9M$5.1M
LiabilitiesLn 26$152K$245K
Net assetsLn 32$4.8M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$271K$271K
Pension plan contributionsLn 8$9K$9K
Other employee benefitsLn 9$23K$23K
Payroll taxesLn 10$21K$21K
Legal feesLn 11b$395$395
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$180K$180K
Advertising and promotionLn 12$376$376
Office expensesLn 13$22K$22K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$32K$32K
Total functional expensesLn 25$579K$579K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $908K$1.2M−$282K$6.5M 990 PDF
FY2023 $3.0M$2.0M$933K$6.8M 990 PDF
FY2022 $1.4M$1.3M$59K$5.8M 990 PDF
FY2021 $1.7M$819K$881K$5.8M 990 PDF
FY2020 Viewing $709K$579K$130K$4.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $709,439 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $649,409$705,250
I-10 Investment incomePrior year $63,745$4,189
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $713,154$709,439
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $458,941$323,554
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $177,354$255,614
I-18 Total expensesPrior year $636,295$579,168
I-19 Revenue less expensesPrior year $76,859$130,271
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $709,439 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $705,250$705,250
VIII-3 Investment incomeExcluded from tax $4,189$4,189
VIII-12 Total revenueRelated to mission $705,250 · Unrelated business $0 · Excluded from tax $4,189$709,439
Part IX · Statement of functional expenses $579,168 across 13 lines filed
IX-7 Other salaries and wagesPrograms $270,849$270,849
IX-8 Pension plan contributionsPrograms $8,875$8,875
IX-9 Other employee benefitsPrograms $22,585$22,585
IX-10 Payroll taxesPrograms $21,245$21,245
IX-11b Legal feesPrograms $395$395
IX-11c Accounting feesPrograms $8,775$8,775
IX-11g Other fees for servicesPrograms $179,712$179,712
IX-12 Advertising and promotionPrograms $376$376
IX-13 Office expensesPrograms $21,933$21,933
IX-17 TravelPrograms $1,992$1,992
IX-22 Depreciation, depletion and amortizationPrograms $1,981$1,981
IX-23 InsurancePrograms $8,374$8,374
IX-24 Other expenses (24a–d)Programs $32,076$32,076
IX-25 Total functional expensesPrograms $579,168 · Management $0 · Fundraising $0$579,168
Part X · Balance sheet $5,126,234 assets, 13 lines filed
Asset lines not itemized here account for $1,437,849; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $496,030$163,314
X-2 Savings and temporary cash investmentsStart of year $1,354,294$1,509,557
X-9 Prepaid expenses and deferred chargesStart of year $5,953$5,554
X-10c Land, buildings and equipment, netStart of year $1,445,956$1,446,434
X-15 Other assetsStart of year $806,453$563,526
X-16 Total assetsStart of year $4,903,015$5,126,234
X-17 Accounts payable and accrued expensesStart of year $52,077$71,238
X-24 Unsecured notes and loans payableStart of year $100,000$173,787
X-26 Total liabilitiesStart of year $152,077$245,025
X-27 Net assets without donor restrictionsStart of year $3,701,190$3,831,461
X-28 Net assets with donor restrictionsStart of year $1,049,748$1,049,748
X-32 Total net assets or fund balancesStart of year $4,750,938$4,881,209
X-33 Total liabilities and net assetsStart of year $4,903,015$5,126,234
Part XI · Reconciliation of net assets $4,881,209 net assets at year end
XI-1 Total revenue$709,439
XI-2 Total expenses$579,168
XI-3 Revenue less expenses$130,271
XI-4 Net assets at start of year$4,750,938
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,881,209

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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