WESTWOOD AFFORDABLE HOUSING ASSOCIATES INC (EIN 043427247) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

ELISSA GORDET FRANCO

Phone

7813201031

Tax Period

2024-11-01 to 2025-10-31

WESTWOOD AFFORDABLE HOUSING ASSOCIATES INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $319K in total revenue in fiscal year 2024. Expenses of $307K left a modest 4% surplus.

Mission

THE NON-PROFIT ARM OF THE HOUSING AUTHORITY, WESTWOOD AFFORDABLE HOUSING ASSOCIATES, INC. (WAHA) WAS FORMED IN 1994 TO PURSUE CREATIVE OPTIONS FOR FUNDING THE DEVELOPMENT OR PURCHASE OF AFFORDABLE RENTAL UNITS IN WESTWOOD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $300,550

Investment Income $18,787

Other Revenue $0

TOTAL REVENUE $319,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $285,538

Other Expenses $307,372

TOTAL EXPENSES $307,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,337	$328,697	0.0%
Expenses	$307,372	$307,849	0.0%
Net Income	$11,965	$20,848	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ALDEN	CHAIR/PRESIDENT	1.00	Director	$0	$0	$0
ELISSA GORDET FRANCO	VICE CHAIR/PRESIDENT	1.00	Director	$0	$0	$0
LOUIS RIZOLI	CLERK	1.00	Director	$0	$0	$0
JANE O'DONNELL	HOUSING COORDINATOR	2.00	Officer	$0	$0	$0
CHRISTINE PREVITERA	MEMBER	1.00	Officer	$0	$0	$0
JOSEPHA JOWDY	MEMBER	1.00	Officer	$0	$0	$0
GARY KAPLAN	MEMBER	1.00	Officer	$0	$0	$0
ELIZABETH HILL	MEMBER	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$319,337	$307,372	$4,333,484	$11,965
2024	$328,697	$307,849	$4,377,597	$20,848
2023	$549,798	$214,061	$4,405,850	$335,737
2022	$683,468	$211,511	$4,127,186	$471,957
2022	$683,468	$211,511	$4,127,186	$471,957
2021	$469,499	$207,375	$3,326,017	$262,124
2020	$1,139,459	$244,107	$2,952,870	$895,352
2019	$236,528	$133,827	$1,535,800	$102,701
2018	$149,605	$142,350	$1,368,025	$7,255

WESTWOOD AFFORDABLE HOUSING ASSOCIATES INC