Westbeth Corp Housing Development Fund
Westbeth Corp Housing Development Fund reported $11.2 million in revenue and $12.9 million in expenses for calendar year 2024. Of every $100 it spent, $87.47 went to program services, $12.29 to management and general costs and $0.24 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.1% of the total. The highest compensation it reported for one person was $262,611 (EXECUTIVE DIRECTOR). 3 people received more than $100,000 in reportable compensation. Revenue rose 13% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.5% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.7% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.6% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 96.1% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $262,611 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.04% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 3 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.8 | 10.0 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHousing and related support services for artists. Westbeth comprises 384 units of affordable housing for low-income artists and their families. In addition, it contains artists' work spaces -- painting studios, rehearsal studios, exhibition and theatre spaces -- and provides social service support for an increasingly elderly population, many of whom have lived in the building since the 1970's
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $252,911 | $0 | $9,700 | $262,611 |
| COMMUNITY MANAGER Highest compensated employee, 40.00 hrs/week | $123,183 | $0 | $25,458 | $148,641 |
| SUPER Highest compensated employee, 40.00 hrs/week | $100,564 | $0 | $16,730 | $117,294 |
3 people received more than $100,000 in reportable compensation from Westbeth Corp Housing Development Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $263K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 526
- Volunteers Part I, line 610
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| HISTORICAL WINDOWS OF NEW YORK Apartment renovations | $4,275,728 |
| CTA ARCHITECTS PC Apartment renovations | $1,116,643 |
| ELEMENTAL ARCHITECTURE LLC Apartment renovations | $665,135 |
| COLLADO ENGINEERING Apartment renovations | $296,737 |
| DENHAM WOLF REAL ESTATE SERVICE Apartment renovations | $290,191 |
Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Westbeth Corp Housing Development Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Westbeth Corp Housing Development Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Westbeth Corp Housing Development Fund spent in 2024, $87.47 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in New York
Questions people ask
How much of Westbeth Corp Housing Development Fund's spending goes to programs?
In calendar year 2024, Westbeth Corp Housing Development Fund reported that 87.5% of its $12.9 million in expenses went to program services, 12.3% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does Westbeth Corp Housing Development Fund pay its top executive?
The largest total compensation Westbeth Corp Housing Development Fund reported for one person in calendar year 2024 was $262,611, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Westbeth Corp Housing Development Fund get its money?
Of $11.2 million in revenue in calendar year 2024, 1.7% came from contributions and grants (including 0.6% from government grants) and 96.1% from program service revenue (Form 990, Part VIII).
Is Westbeth Corp Housing Development Fund a registered charity?
The IRS lists EIN 13-2614139 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533179349306228 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202432919349301293 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303139349305610 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203139349304825 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103139349303750 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013179349310011 · read the filing
All filings for EIN 13-2614139: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.