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New York BBB Wise Giving Report for
Westhab

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
05/2016
Name:
Westhab
Address:
8 Bashbord Street
Yonkers, NY 10701
Phone:
914-345-2800
Web Site:
Year, State Incorporated:
1981, New York
Affiliates:
None
Stated Purpose:
" Westhab is the largest nonprofit provider of affordable housing and supportive services in Westchester County, NY. We are designated as a 501(c)3, and since 1981, we have helped more than 5,000 homeless families and individuals move into their own apartments. We have developed nearly 700 units of quality, affordable housing representing a public and private investment of more than $60 million. Each year more than 1,200 homeless or at-risk youth participate in our youth programs, hundreds of families in underserved neighborhoods get help in our community centers, 250 people find new jobs through our employment programs and 850 households call our properties home. "






Evaluation Conclusions
 

              
Westhab meets the 20 Standards for Charity Accountability.




Programs
 

              
Westhab offers community-based solutions to poverty by building and preserving affordable housing and by engaging local stakeholders in community development activities. In addition, Westhab's programs and services include: case management; employment and training; life-skills training; the provision of infant and child day care; youth development services; and linkages for mental health, substance abuse, and adult education services.



Governance
 

              
Chief Executive Officer:
Mr. Richard Nightingale, President & CEO
Compensation*:
$160,000
Chair of the Board:
Mr. Tom Brock
Chair's Profession / Business Affiliation:
Stone Harbor Investment Partners, LP
Board Size:
11
Paid Staff Size:
273



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals and special event materials.
Fundraising costs were 15.1% of related contributions. (Related contributions, which totaled $371,831, are donations received as a result of fundraising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Westhab's Audited Financial Statements for the fiscal year ended December 31, 2012.

Source of Funds  

Housing Income

$14,761,584

Contracts for services

6,103,665

Capital grants

1,164,335

Developer Fees

231,250

Restricted Contributions

184,990

Special Events, net

142,621

Unrestricted Contributions

44,220

Interest Income and other

17,139

Total Income

$22,649,804

Program Expenses  

Program Services

$21,472,720
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

21,472,720
56,084
1,585,780

$23,114,584

$(464,780)




Uses of Funds as a % of Total Expenses


Programs: 93%  Fund Raising: %  Administrative 7% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $20,904,922
Ending net assets 21,325,995
Total liabilities 56,170,601

Total assets

$77,496,596






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.