Civic Intelligence

Westminster Economic Development Initiative Inc.

990 • Fiscal year 2022 • EIN 20-4230463

Jan 01, 2022 to Dec 31, 2022 • Filed on Dec 05, 2023

Organization ProfileWWW.WEDIBUFFALO.ORG

Refreshing map…

436 Grant StreetBuffalo, NY 14213

(716) 393-4088

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.46x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • NTEE S • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

68th percentile

1.48x

Higher debt load relative to revenue than 68% of similar nonprofits.

2022 filings • NTEE S • $10M-$25M nonprofits • Source year 2022

Net Margin

71st percentile

29%

Higher net margin than 71% of similar nonprofits.

2022 filings • NTEE S • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

34th percentile

$107,049

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2022 filings • NTEE S • $10M-$25M nonprofits • Source year 2022

Asset Growth

98th percentile

97%

Faster asset growth than 98% of similar nonprofits.

2022 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-33%

Faster revenue growth than 22% of similar nonprofits.

2022 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Flat

$10,403,298

Flat from 2022

Net Assets

Flat

$5,608,882

Flat from 2022

Liabilities

Flat

$4,794,416

Flat from 2022

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin71st percentile

Revenue

Flat

$3,247,167

Flat from 2022

Expenses

Flat

$2,295,731

Flat from 2022

Net Income

Flat

$951,436

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $279,102Liabilities 2011: $5,300Net Assets 2011: $273,8022011Assets 2012: $336,761Liabilities 2012: $8,5262012Assets 2013: $311,889Liabilities 2013: $1,010Net Assets 2013: $310,8792013Assets 2014: $576,375Liabilities 2014: $52,710Net Assets 2014: $523,6652014Assets 2015: $472,754Liabilities 2015: $74,833Net Assets 2015: $397,9212015Assets 2016: $1,040,821Liabilities 2016: $522,489Net Assets 2016: $518,3322016Assets 2017: $1,744,123Liabilities 2017: $884,389Net Assets 2017: $859,7342017Assets 2018: $2,024,093Liabilities 2018: $841,291Net Assets 2018: $1,182,8022018Assets 2019: $2,379,628Liabilities 2019: $1,081,590Net Assets 2019: $1,298,0382019Assets 2020: $2,609,168Liabilities 2020: $955,539Net Assets 2020: $1,653,6292020Assets 2021: $5,287,806Liabilities 2021: $879,669Net Assets 2021: $4,408,1372021Assets 2022: $10,403,298Liabilities 2022: $4,794,416Net Assets 2022: $5,608,8822022Assets 2022: $10,403,298Liabilities 2022: $4,794,416Net Assets 2022: $5,608,8822022Assets 2023: $12,601,013Liabilities 2023: $2,551,962Net Assets 2023: $10,049,0512023Assets 2024: $11,712,530Liabilities 2024: $1,675,296Net Assets 2024: $10,037,2342024

Highlighted filing

2022

Assets$10,403,298
Liabilities$4,794,416
Net Assets$5,608,882
Open 2022 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $86,003Expenses 2011: $96,478Net Income 2011: -$10,4752011Revenue 2012: $163,271Expenses 2012: $108,838Net Income 2012: $54,4332012Revenue 2013: $140,767Expenses 2013: $158,123Net Income 2013: -$17,3562013Revenue 2014: $538,487Expenses 2014: $330,825Net Income 2014: $207,6622014Revenue 2015: $335,318Expenses 2015: $464,606Net Income 2015: -$129,2882015Revenue 2016: $659,391Expenses 2016: $538,980Net Income 2016: $120,4112016Revenue 2017: $1,095,067Expenses 2017: $753,665Net Income 2017: $341,4022017Revenue 2018: $1,313,235Expenses 2018: $990,167Net Income 2018: $323,0682018Revenue 2019: $1,715,793Expenses 2019: $1,600,557Net Income 2019: $115,2362019Revenue 2020: $2,118,673Expenses 2020: $1,763,082Net Income 2020: $355,5912020Revenue 2021: $4,824,412Expenses 2021: $2,069,904Net Income 2021: $2,754,5082021Revenue 2022: $3,247,167Expenses 2022: $2,295,731Net Income 2022: $951,4362022Revenue 2022: $3,247,167Expenses 2022: $2,295,731Net Income 2022: $951,4362022Revenue 2023: $6,918,706Expenses 2023: $2,473,537Net Income 2023: $4,445,1692023Revenue 2024: $2,171,800Expenses 2024: $2,183,617Net Income 2024: -$11,8172024

Highlighted filing

2022

Revenue$3,247,167
Expenses$2,295,731
Net Income$951,436
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Dec 5, 2023
Return Version
2022v5.0
Gross Receipts
$3,297,128
Mission and Program Overview

Mission

Wedi empowers economically disadvantaged people in buffalo, ny with a primary focus on the west side community.

For all residents of wny to succeed and thrive in a culturally inclusive community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,721,536$2,136,997▼ $584,539
Pledges and Grants Receivable$1,446,527$1,293,857▼ $152,670
Other Notes and Loans Receivable, Net$120,626$197,323▲ $76,697
Savings and Temporary Cash Investments$173,043--
Accounts Receivable$6,367$114,240▲ $107,873
Land, Buildings, and Equipment, Net$805,497$52,414▼ $753,083
Prepaid Expenses and Deferred Charges$14,210$15,296▲ $1,086
Total Assets$5,287,806$10,403,298▲ $5,115,492
Other Assets Total$0$6,593,171▲ $6,593,171
Liabilities
Mortgage Notes Payable Secured by Investment Property$649,969$3,382,523▲ $2,732,554
Other Liabilities$0$952,840▲ $952,840
Accounts Payable and Accrued Expenses$147,080$403,915▲ $256,835
Deferred Revenue$82,620$55,138▼ $27,482
Total Liabilities$879,669$4,794,416▲ $3,914,747
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,434,374$5,060,491▲ $1,626,117
Net Assets Without Donor Restrictions$973,763$548,391▼ $425,372
Total Net Assets Fund Balance$4,408,137$5,608,882▲ $1,200,745
Total Liabilities and Net Assets / Fund Balance$5,287,806$10,403,298▲ $5,115,492

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,111$27,989$46,100
Equipment$16,593$10,256$26,849
Other Land Buildings$17,710-$17,710
Other Assets Org$100--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolynn WelchExecutive DirectorFT$99,304$7,745$107,049

Board Members and Trustees

NameTitle
Stephen ZengerBoard Member/president
Krista SchwartzottBoard Member/vice President
Betsy MitchellBoard Member
Catherine MarchBoard Member
Donna GeneskyBoard Member
Gustavo LimaBoard Member
India DewanBoard Member
Joann BelliottiBoard Member
Jonathan WilcoxBoard Member
KATIE O'CONNORBoard Member
Louise SanoBoard Member
Michael KenlineBoard Member
Mimi SteadmanBoard Member
Zelalem GemmedaBoard Member
Melissa WoodsBoard Member (to August, 2023)
Emily OaksBoard Member (to December, 2022)
Luke DoniganBoard Member/assistant Secretary
Melanie JaskolkaBoard Member/secretary
Concetta FergusonBoard Member/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,979,811
Program Service Revenue
$172,878
Investment Income
$-21,906
Other Revenue
$116,384
All Other Contributions
$2,494,987
Change in Net Assets
$951,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,595,286
Other Expenses$678,805
Total Fundraising Expense$353,004
Grants and Similar Amounts Paid$21,640
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$852,239$212,870$200,227$1,265,336
Office Expenses$83,862$19,698$20,670$124,230
Payroll Taxes$74,513$18,612$17,506$110,631
Interest$110,080--$110,080
Fees for Services Other$45,980$23,575$37,411$106,966
Other Employee Benefits$69,359$17,278$16,251$102,888
Current Officers, Directors, Trustees, and Key Employees$66,884$16,706$15,714$99,304
Occupancy$75,092$5,507$2,692$83,291
Travel$40,896-$3,382$44,278
Insurance$22,561$5,635$5,300$33,496
Grants to Domestic Orgs$21,640--$21,640
Other Expenses$18,133$1,404$8,474$19,537
Pension Plan Contributions$11,475$2,912$2,740$17,127
Fees for Services Accounting$6,018$3,086$4,896$14,000
Depreciation Depletion$10,293$1,879$1,287$13,459
Advertising$5,241-$5,241$10,482
All Other Expenses$8,594$890$837$10,321
Information Technology$5,739$1,433$1,348$8,520
Fees for Services Legal$83$43$68$194
Total Functional Expenses$1,602,692$340,035$353,004$2,295,731
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
007 Chinese FoodBuffalo, NY-Graduation Grant$6,633
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,055
Fundraising Gross Income$15,690
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Winterfest$183,426$15,690$1,811$13,879
Total Events$183,426$15,690$28,055$-12,365
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$952,840
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“.the form 990 is prepared by an outside, independent accounting firm. A draft of the form 990 is provided to all voting members of the governing body (board of directors) before filing. The finance committee reviews and approves the form 990 before filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest disclosures are signed annually by all directors as well as new members joining the board during interim periods. This procedure is a regular agenda item at the annual meeting.”

Form 990, Part VI, Section B, Line 15A

“The executive director's compensation is compared to other local organizations, scaled for appropriate size, and adjusted according to performance reviews. All other employee salaries are at the discretion of the executive director.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 and form 1023 are available upon request.”

Form 990, Part VI, Section C, Line 19

“Documents are made available for inspection at the administrative offices. Copies can be obtained at the requesting party's expense.”

Filing and Contact Details

Filer

Filer Name
Westminster Economic Development
EIN
20-4230463
Phone
7163934088
Address
436 GRANT STREET, BUFFALO, NY 14213

Signing Officer

Name
Carolynn Welch
Title
Executive Director
Phone
7163934088
Signed
2023-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolynn Welch
Formed
2006
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
50
Volunteers
128

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There was no change from the prior year in the audit oversight process or the independent accountant selection process.”

Raw XML AppendixShowing 400 of 679 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0COMMUNITY DEVELOPMENT - WEST SIDE BAZAAR SMALL BUSINESS INCUBATOR LOCATED IN AN ETHNICALLY DIVERSE NEIGHBORHOOD IN A COMMERCIAL DISTRICT IN BUFFALO, NEW YORK. WESTMINISTER ECONOMIC DEVELOPMENT INITIATIVE (WEDI) IS DEDICATED TO OFFERING MERCHANTS A SAFE, NURTURING, AND AFFORDABLE ENVIRONMENT TO GROW THEIR "GRASSROOTS" BUSINESSES. WEDI IS COMMITTED TO OFFERING CLIENTS BUSINESS COACHING, FINANCIAL MENTORING, LOW INTEREST LOANS, NETWORKING/MARKETING OPPORTUNITIES, AND STEADY CUSTOMER TRAFFIC.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1999304
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER/VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER/ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER (TO AUGUST, 2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER (TO DECEMBER, 2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0167736
IRS990/FundraisingDirectExpensesAmt028055
IRS990/FundraisingGrossIncomeAmt015690
IRS990/GainOrLossGrp/OtherAmt0-21906
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt0317088
IRS990/GrantAmt021640
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt021640
IRS990/GrantsToDomesticOrgsGrp/TotalAmt021640
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03297128
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01348
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01433
IRS990/InformationTechnologyGrp/ProgramServicesAmt05739
IRS990/InformationTechnologyGrp/TotalAmt08520
IRS990/InsuranceGrp/FundraisingAmt05300
IRS990/InsuranceGrp/ManagementAndGeneralAmt05635
IRS990/InsuranceGrp/ProgramServicesAmt022561
IRS990/InsuranceGrp/TotalAmt033496
IRS990/InterestGrp/ProgramServicesAmt0110080
IRS990/InterestGrp/TotalAmt0110080
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038245
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0805497
IRS990/LandBldgEquipBasisNetGrp/EOYAmt052414
IRS990/LandBldgEquipCostOrOtherBssAmt090659
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt021906
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WEDI STRENGTHENS COMMUNITIES THROUGH A CONTINUUM OF EDUCATIONAL AND FINANCIAL RESOURCES, REMOVING SYSTEMIC BARRIERS TO ECONOMIC EQUITY FOR ALL WESTERN NEW YORKERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0649969
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03382523
IRS990/NetAssetsOrFundBalancesBOYAmt04408137
IRS990/NetAssetsOrFundBalancesEOYAmt05608882
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-21906
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-21906
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-12365
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-12365
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0973763
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0548391
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02692
IRS990/OccupancyGrp/ManagementAndGeneralAmt05507
IRS990/OccupancyGrp/ProgramServicesAmt075092
IRS990/OccupancyGrp/TotalAmt083291
IRS990/OfficeExpensesGrp/FundraisingAmt020670
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019698
IRS990/OfficeExpensesGrp/ProgramServicesAmt083862
IRS990/OfficeExpensesGrp/TotalAmt0124230
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt06593171
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt016251
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017278
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt069359
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0102888
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt07994
IRS990/OtherExpensesGrp/FundraisingAmt1966
IRS990/OtherExpensesGrp/FundraisingAmt28474
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01875
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16632
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21404
IRS990/OtherExpensesGrp/ProgramServicesAmt038778
IRS990/OtherExpensesGrp/ProgramServicesAmt128261
IRS990/OtherExpensesGrp/ProgramServicesAmt26971
IRS990/OtherExpensesGrp/ProgramServicesAmt318133
IRS990/OtherExpensesGrp/TotalAmt046772
IRS990/OtherExpensesGrp/TotalAmt131102
IRS990/OtherExpensesGrp/TotalAmt222077
IRS990/OtherExpensesGrp/TotalAmt319537
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0952840
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1MISCELANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0125000
IRS990/OtherRevenueMiscGrp/ExclusionAmt13749
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0125000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13749
IRS990/OtherRevenueTotalAmt0128749
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0200227
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0212870
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0852239
IRS990/OtherSalariesAndWagesGrp/TotalAmt01265336
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0120626
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0197323
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt017506
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018612
IRS990/PayrollTaxesGrp/ProgramServicesAmt074513
IRS990/PayrollTaxesGrp/TotalAmt0110631
IRS990/PensionPlanContributionsGrp/FundraisingAmt02740
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02912
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011475
IRS990/PensionPlanContributionsGrp/TotalAmt017127
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01446527
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01293857
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014210
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015296
IRS990/PrincipalOfficerNm0CAROLYNN WELCH
IRS990/PriorPeriodAdjustmentsAmt0249309
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/Desc2ECONOMIC DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt085265
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162504
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt085265
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162504
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225109
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT - PROVIDED A COMPREHENSIVE MODEL FOR GENERATING WEALTH FOR MOTIVATED INDIVIDUALS THROUGH THE CREATION OR EXPANSION OF A SMALL BUSINESS. WEDI'S PROGRAM IS UNIQUE IN ITS ABILITY TO PROVIDE A BROAD RANGE OF SERVICES, UTILIZING EXISTING COMMUNITY RESOURCES WHEN AVAILABLE, AND MOLD THE PROCESS TO EACH INDIVIDUAL. THIS IS DONE THROUGH MENTORS, WHO WORK WITH CLIENTS INDIVIDUALLY AND THROUGH PARTNERSHIPS WITH LOCAL ORGANIZATIONS. WEDI CAN PROVIDE A RANGE OF SERVICE FROM BASIC FINANCIAL LITERACY TO SPECIALIZED TRAINING AND TECHNICAL ASSISTANCE. WEDI OFFERS A MICRO LOAN PROGRAM THAT OFFERS SMALL, TARGETED LOANS FOR BUSINESS CREATION OR EXPANSION IN WEDI'S TARGET AREA THAT CAN DIRECTLY RESULT IN INCREASED INCOME AND WEALTH GENERATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0731010
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt025109

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,403,298
Liabilities
$4,794,416
Net assets
$5,608,882
Revenue
$3,247,167
Expenses
$2,295,731
Net income
$951,436
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$1.68$10.0$2.17$2.18$0.01
2023Summary only. Only limited summary data is available for this year.$12.6$2.55$10.0$6.92$2.47$4.45
2022Detailed filing. Detailed filing data is available for this year.$10.4$4.79$5.61$3.25$2.30$0.95
2022Summary only. Only limited summary data is available for this year.$10.4$4.79$5.61$3.25$2.30$0.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.29$0.88$4.41$4.82$2.07$2.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$0.96$1.65$2.12$1.76$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$1.08$1.30$1.72$1.60$0.12
2018Summary only. Only limited summary data is available for this year.$2.02$0.84$1.18$1.31$0.99$0.32
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.88$0.86$1.10$0.75$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.52$0.52$0.66$0.54$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.07$0.40$0.34$0.46$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.05$0.52$0.54$0.33$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.14$0.16$0.02
2012Summary only. Only limited summary data is available for this year.$0.34$0.01$0.16$0.11$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.27$0.09$0.10$0.01