Westbridge Inc
- Assets
- $5.6m
- Revenue
- $5.2m
- Investments
- $109.5k
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 52-2324227
Organization Overview
Westbridge Inc is located in Manchester, NH. The organization was established in 2001. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westbridge 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 12/2023, Westbridge Inc generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $7.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE RECOVERY OF ADULTS AND FAMILIES LIVING WITH CO - OCCURING SUBSTANCE ABUSE DISORDERS AND PSYCHOTIC AND/OR AFFECTIVE ILLNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred P West Chair | 0 | $0 | |
Loralee West Vice Chair | 0 | $0 | |
William Doran Secretary | 0 | $0 | |
David Schusler Director | 0 | $0 | |
Frank Mckeee Director | 0 | $0 | |
Palmer West Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Lewis & Bokus | 12/30/23 | $119,364 |
Bhs Groups Llc | 12/30/23 | $98,692 |
660 Chestnut Street Llc | 12/30/23 | $176,695 |
Leonardo Cubilios | 12/30/23 | $69,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,620,186 |
| Interest on Savings | $9,807 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $96,878 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,472,764 |
| Total Revenue | $5,199,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $525,252 |
| Other employee salaries and wages | $3,583,770 |
| Pension plans, employee benefits | $874,984 |
| Interest | $363,376 |
| Taxes | $0 |
| Depreciation | $314,099 |
| Occupancy | $506,378 |
| Travel, conferences, and meetings | $99,957 |
| Printing and publications | $5,014 |
| Other expenses | $399,981 |
| Total operating and administrative expenses | $7,280,610 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,280,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,149,318 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $320,270 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $293,522 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132,366 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,301,259 |
| Other assets | $288,192 |
| Total assets | $5,594,463 |
| Accounts payable and accrued expenses | $668,398 |
| Grants payable | $0 |
| Deferred revenue | $239,601 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $5,881,752 |
| Total liabilities | $6,789,751 |