Westfield Housing Corporation
- Assets
- $395.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, PA
- Founding
- 09/1994
- Data as of
- 06/2021
- EIN
- 25-1741831
Organization Overview
Westfield Housing Corporation is located in New Castle, PA. The organization was established in 1994. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westfield Housing Corporation 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 06/2021, Westfield Housing Corporation generated $54.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $69.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE 8 RENTAL UNITS UNDER HUD SECTION 811 - HOUSING FOR THE CHRONICALLY MENTALLY ILL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Lynch ESQ President | 1 | $0 | |
Frank Aloi Director | 1 | $0 | |
Fred Stoner MD Director | 1 | $0 | |
Jessica Cubellis Director | 1 | $0 | |
Marvin Lebby Director | 1 | $0 | |
Jason Medure Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,435 |
| Total Program Service Revenue | $23,829 |
| Membership dues | $0 |
| Investment income | $55 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,319 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,160 |
| Professional fees and other payments to independent contractors | $5,700 |
| Occupancy, rent, utilities, and maintenance | $32,628 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,411 |
| Total expenses | $69,899 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,464 |
| Other assets | $0 |
| Total assets | $395,414 |
| Total liabilities | $346,784 |
| Net assets or fund balances | $48,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Michaels Community Services Corporation Camden, NJ | $48,473,807 | $8,637,574 |
Bridges Community Action Partnership Marysville, OH | $6,792,515 | $6,372,376 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |
Pennsylvania Community Real Estate Corporation Philadelphia, PA | $2,208,755 | $5,682,149 |
Foresight Affordable Housing Of Maryland Inc Ventnor City, NJ | $0 | $285 |
Advance Housing Inc Paramus, NJ | $19,258,863 | $6,195,481 |
Central Ohio Community Land Trust Columbus, OH | $2,592,192 | $4,520,471 |
Audubon Mutual Housing Corporation Manchester Township, NJ | $4,505,231 | $4,954,213 |