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Washington Heights and Inwood Development Corporation

EIN 13-2950346 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

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.

Income
$0
Spending
$0
Employees
0
Volunteers
7

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 89% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. 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
  2. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 1979.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.