W H Development Corporation is a 501(c)(3) organization based in Winsted, Connecticut, registered in 2003, with $394,238 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$394K
▲ 10.1% vs prior year
Housing median: $408K
Expenses (FY2024)
$465K
Net assets
$2.9M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for W H Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For W H Development Corporation: 76 mo reserves · -18% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for W H Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For W H Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $414K (FY2015) to $394K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
-17.9%
Spent more than it raised in the latest fiscal year.
Total assets
$5.1M
Total liabilities
$2.2M
Net assets
$2.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $394,238▲10.1% | $464,699▲8.4% | $2,928,375▼2.3% | $5,116,195▼2.3% | 990 |
| 2023 | $358,003▲3.7% | $428,665▼3.2% | $2,998,836▼2.3% | $5,234,502▼9.4% | 990 |
| 2022 | $345,069▼0.7% | $442,632▲1.7% | $3,069,498▼3.1% | $5,775,006▼2.5% | 990 |
| 2021 | $347,558▼13.6% | $435,054▼3.1% | $3,167,061▼2.7% | $5,923,842▼2.4% | 990 |
| 2020 | $402,417▲6.3% | $449,148▼7.7% | $3,254,557▼1.4% | $6,068,054▲5.1% | 990 |
| 2019 | $378,635▼6.3% | $486,848▼2.8% | $3,301,288▼3.2% | $5,772,987▼2.5% | 990 |
| 2018 | $404,182▼3.8% | $500,852▲8.6% | $3,409,501▼2.8% | $5,923,146▼2.6% | 990 |
| 2017 | $420,318▲23.2% | $461,202▲7.9% | $3,506,171▼1.2% | $6,084,016▼1.4% | 990 |
| 2016 | $341,052▼17.5% | $427,624▼4.7% | $3,547,055▼2.4% | $6,168,220▼2.2% | 990 |
| 2015 | $413,637 | $448,486 | $3,633,627 | $6,304,186 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for W H Development Corporation (EIN 06-1637119) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.