Westhab Inc
- Assets
- $322.8m
- Revenue
- $111.3m
- Investments
- $0.0
- Employees
- 1,482
- Location
- Yonkers, NY
- Founding
- 03/1991
- Data as of
- 12/2022
- 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 12/2022, Westhab Inc employed 1,482 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 12/2022, Westhab Inc generated $111.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $109.8m during the year ending 12/2022. While expenses have increased by 21.0% per year over the past 8 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
2022
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)
AFFORDABLE LOW INCOME HOUSING DEVELOPMENT
SHELTER OPERATIONS (SEE ATTACHED SCHEDULE O)
EMPLOYMENT SERVICES (SEE ATTACHED SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Nightingale President & CEO | Officer | 35 | $407,733 |
James Coughlin Chief Operating Officer | Officer | 35 | $278,420 |
Andrew Germansky Senior Vp, Real Estate | Officer | 35 | $264,439 |
Patricia Vitelli Snr Vp, Finance And Admin | Officer | 35 | $248,491 |
Valerie C Smith Vp, Nyc Shelter Programs | Officer | 35 | $191,362 |
Jinja Cuevas Vice President, Hr | Officer | 35 | $177,161 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liberty One Queens Llc Maintenance | 12/30/22 | $2,449,545 |
Regina Caterers Inc Catering Services | 12/30/22 | $2,919,876 |
Nrp Food Solutions Llc Catering Services | 12/30/22 | $939,044 |
Liberty One Bronx Llc Maintenanace | 12/30/22 | $1,423,214 |
Liberty One Brooklyn Llc Maintenance | 12/30/22 | $885,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $221,854 |
| Related organizations | $0 |
| Government grants | $103,533,130 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,796,781 |
| Noncash contributions included in lines 1a–1f | $2,797,329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,551,765 |
| Total Program Service Revenue | $3,401,999 |
| Investment income | $267,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $127,932 |
| Net Gain/Loss on Asset Sales | -$130,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,319,786 |
| 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. | $2,685,108 |
| Compensation of current officers, directors, key employees. | $1,844,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,014,535 |
| Pension plan accruals and contributions | $926,013 |
| Other employee benefits | $4,978,653 |
| Payroll taxes | $2,961,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154,250 |
| Fees for services: Accounting | $192,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,300 |
| Advertising and promotion | $0 |
| Office expenses | $2,170,545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,155,653 |
| Travel | $235,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $345,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,020,359 |
| Insurance | $1,395,078 |
| All other expenses | $0 |
| Total functional expenses | $109,762,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,376,007 |
| Savings and temporary cash investments | $5,479,968 |
| Pledges and grants receivable | $8,185,407 |
| Accounts receivable, net | $979,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,961,501 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,151,156 |
| Net Land, buildings, and equipment | $24,125,769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,210,201 |
| Intangible assets | $0 |
| Other assets | $225,375,520 |
| Total assets | $322,845,331 |
| Accounts payable and accrued expenses | $26,196,775 |
| 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 | $6,792,454 |
| Unsecured mortgages and notes payable | $1,565,000 |
| Other liabilities | $208,768,488 |
| Total liabilities | $243,322,717 |
| Net assets without donor restrictions | $37,036,241 |
| Net assets with donor restrictions | $42,486,373 |
| 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 | $322,845,331 |