WOMENS INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC Charity Report

Tax-exempt status may be revoked

WOMENS INSTITUTE FOR HOUSING AND ECONOMIC DEVELOPMENT INC

EIN 04-2733078

What they do

THE MISSION of THE WOMENS INSTITUTE is to PROMOTE ECONOMIC RESILIENCE and STABLE HOMES BY DEVELOPING and PRESERVING HIGH QUALITY AFFORDABLE and SUPPORTIVE HOUSING, WITH AN EMPHASIS ON UNDER-SERVED POPULATIONS.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

61.62%of revenue went to mission work72.8% of expenses · Program services

2.13%of revenue went to fundraising2.5% of expenses

$84.62spent for every $100 of revenueRevenue covered expenses this year.

20.87%of revenue went to management and office costs24.7% of expenses

$5.01in assets for every $1 spent this yearSome assets cannot be spent right away.

17.6%of its money came from giftsOther money may come from services or investments.

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Pay context: The highest compensation shown in this filing is $161,483 for LONI WILLEY (CHIEF OPERATING OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,943,006

Mission workProgram services$1,197,26261.62% of revenue72.8% of expenses

ManagementOffice and general costs$405,48820.87% of revenue24.7% of expenses

FundraisingAsking for donations$41,4572.13% of revenue2.5% of expenses

Revenue left after expensesReported annual surplus$298,79915.38% of revenueShown in gray on the chart

Total expenses$1,644,20784.62% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2018CurrentExpense mix: 72.8% mission · 24.7% management · 2.5% fundraisingTotal expenses: 84.62% of revenue

2017Expense mix: 74.4% mission · 23.4% management · 2.2% fundraisingTotal expenses: 118.49% of revenue

2016Expense mix: 73.7% mission · 25.5% management · 0.8% fundraisingTotal expenses: 106.28% of revenue

Money in and money out

Revenue$1,943,006

Expenses$1,644,207

Annual surplus $298,799 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,197,262 · 72.8% of expenses

Management and office costs$405,488 · 24.7% of expenses

Fundraising$41,457 · 2.5% of expenses

See all reported dollar amounts

Revenue$1,943,006

Expenses$1,644,207

Assets$8,233,926

Contributions$341,170

Mission work (program services)$1,197,262

Fundraising$41,457

Management and general$405,488

Accounting fees$71,765

People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

LONI WILLEYCHIEF OPERATING OFFICER · 38 hrs/week $161,483Base $151,697 · Other $9,786

ELIZABETH CRUMFORMER EXECUTIVE DIRECTOR · 38 hrs/week $46,289Base $43,052 · Other $3,237

ELIZABETH TORRESEXECUTIVE DIRECTOR · 38 hrs/week $9,213Base $8,381 · Other $832

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

LONI WILLEYCHIEF OPERATING OFFICER

ELIZABETH CRUMFORMER EXECUTIVE DIRECTOR

ELIZABETH TORRESEXECUTIVE DIRECTOR

AMANDA PELCHERBOARD MEMBER

CHRISTINE TRACZYKPRESIDENT

JOHN GIBBONSBOARD MEMBER

KAREN EDLUNDBOARD MEMBER

MELISSA J SHEELERTREASURER

PATRICIA SPRINGBOARD MEMBER

TRACY MCDERMOTTCLERK

About this charity

Location: 15 COURT SQUARE NO 210, BOSTON, MA 02108
County: Suffolk
In care of: LONI WILLEY
Primary officer: LONI WILLEY, CHIEF OPERATING OFFICER

How to reach them

WebsiteVisit the charity’s website Phone(800) 720-1195

Filing and classification

Latest tax year: 2018
Tax period began: January 1, 2018
Return type: 990
Tax preparer: SMITH SULLIVAN & BROWN PC
Revocation date: May 15, 2022