Westhab Inc
- Assets
- $114.7m
- Revenue
- $108.6m
- Investments
- $0.0
- Employees
- 1,203
- Location
- Yonkers, NY
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 06-1064281
Organization Overview
Westhab Inc is located in Yonkers, NY. The organization was established in 1991. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Westhab Inc employed 1,203 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westhab Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Westhab Inc generated $108.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $91.3m during the year ending 12/2021. While expenses have increased by 21.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, AFFORDABLE HOUSING TO HOMELESS AND LOW-INCOME FAMILIES AND TO FURTHER THE PHYSICAL, SOCIAL, AND ECONOMIC STABILITY OF DISTRESSED NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SERVICES AND OPERATIONS (SEE ATTACHED SCHEDULE O)
SHELTER OPERATIONS (SEE ATTACHED SCHEDULE O)
EMPLOYMENT SERVICES (SEE ATTACHED SCHEDULE O)
AFFORDABLE LOW INCOME HOUSING DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Nightingale President/ceo | OfficerTrustee | 35 | $358,287 |
James Coughlin COO | Officer | 35 | $257,452 |
Patricia Vitelli SVP Finance & Administration | Officer | 35 | $208,961 |
Andrew Germansky Svp, Real Estate Development | Officer | 35 | $208,606 |
Kenneth Belfer SVP Strategic Planning | Officer | 35 | $191,115 |
Valerie Smith Avp Nyc Shelter Services | 35 | $159,602 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liberty One Bronx Llc Maintenance | 12/30/21 | $1,689,476 |
Liberty One Queens Llc Maintenance | 12/30/21 | $1,740,845 |
Amie Gross Architects Architecture | 12/30/21 | $386,801 |
Front Door Management Maintenance | 12/30/21 | $347,421 |
Elezi Renovations Inc Maintenance | 12/30/21 | $240,584 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $675,766 |
| Related organizations | $0 |
| Government grants | $100,113,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,095,472 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,884,468 |
| Total Program Service Revenue | $4,563,745 |
| Investment income | $27,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $127,932 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,606,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,371,115 |
| Compensation of current officers, directors, key employees. | $1,013,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,912,411 |
| Pension plan accruals and contributions | $736,111 |
| Other employee benefits | $4,845,000 |
| Payroll taxes | $2,448,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,841 |
| Fees for services: Accounting | $166,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $284,696 |
| Advertising and promotion | $0 |
| Office expenses | $2,174,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,833,636 |
| Travel | $165,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $230,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $806,877 |
| Insurance | $1,012,442 |
| All other expenses | $0 |
| Total functional expenses | $91,336,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,699,249 |
| Savings and temporary cash investments | $3,871,591 |
| Pledges and grants receivable | $12,848,634 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,015,415 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,301,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,471,470 |
| Intangible assets | $0 |
| Other assets | $22,523,311 |
| Total assets | $114,731,576 |
| Accounts payable and accrued expenses | $28,327,606 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,900,882 |
| Unsecured mortgages and notes payable | $1,565,000 |
| Other liabilities | $972,520 |
| Total liabilities | $36,766,008 |
| Net assets without donor restrictions | $34,511,024 |
| Net assets with donor restrictions | $43,454,544 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $114,731,576 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Westhab Inc has recieved totaling $61,000.
| Awarding Organization | Amount |
|---|---|
Stephens Family Charitable Foundation Bronxville, NY PURPOSE: GENERAL PURPOSES | $58,000 |
Zissu Family Foundation Short Hills, NJ PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acacia Network Housing Inc Bronx, NY | $102,658,710 | $193,658,678 |
H E L P Usa Inc New York, NY | $184,233,107 | $133,411,458 |
Westhab Inc Yonkers, NY | $114,731,576 | $108,606,814 |
Home-Life Services Inc Brooklyn, NY | $11,358,960 | $49,313,152 |
Project Hospitality Inc Staten Island, NY | $24,265,282 | $41,568,587 |
Father Bills & Mainspring Inc Brockton, MA | $37,272,456 | $43,214,858 |
Urban Pathways Inc New York, NY | $30,994,608 | $33,252,102 |
Turning Point Inc Newburyport, MA | $22,797,029 | $31,886,468 |
Aguila Inc Bronx, NY | $26,513,070 | $18,809,046 |
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Middlesex Human Service Agency Inc Waltham, MA | $4,587,746 | $16,335,649 |