We Stay-nos Quedamos Inc
Overview
Mission
We-Stay Nos Quedamos Inc. (WSNQ) is a coalition of residents and business persons who have remained part of the Melrose Commons community and become equal partners with the City of New York in the areas redevelopment. WSNQ's intention is to guide the process of change, progress, and implementation of the housing and urban development goals we defined in the Melrose Commons Urban Renewal Plan. WSNQ views the urban renewal process as not only encompassing physical regeneration, but also addressing socio-economic and environmental conditions in the area. WSNQ's goal is to develop an economically productive, sustainable, and healthy community. This vision is one that respects, supports and involves the existing community in the formulation of plans and policies that address the issues of housing, open space, community renewal and its sustainability. This is vital for the continued growth of Melrose Commons, the Bronx and its role in the regional economy which fosters cohesion, growth, and
What it reported doing in 2024
Community Development and Social Services - PROVIDE EDUCATION OF FINANCIAL ISSUES to COMMUNITY MEMBERS. SUPPORTs THE EXISTING COMMUNITY THROUGH THE TRAINING OF YOUNG PEOPLE TO BECOME PRODUCTIVE ARTISANS AND CITIZENS. The organization also provides, RECREATIONAL AND COMMERCIAL OPPORTUNITIES THAT ARE CURRENTLY NOT AVAILABLE AND TO REINFORCE THOSE opportunities THAT CURRENTLY EXIST THAT ARE DESIRABLE to the community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 133724388
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Headquarters
- Bronx, NY, USA
- Phone
- 7185852323
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Community, Neighborhood Development
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.4%; rating input score 69
- Program expense ratio: 68.7%; rating input score 69
- Fundraising efficiency: $5.5 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.6%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 3.31; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 21.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 11.6% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 69.4% of revenue deployed · 68.7% of spending went to programs
- Governance: 4 of 4 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.5M in reported program spending
- Leadership: top reported pay $186K · 7 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $610K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 annual filings from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 29 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Leadership & pay
7 people listed
Highest reported compensation
- JESSICA CLEMENTE (CEO/President): $185,557 total reported compensation
- Norma Segura (CFO): $171,037 total reported compensation
- Mark Gonzalez (Deputy Director): $123,135 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.