WESTCHESTER RESIDENTIAL OPPORTUNITIES INC

EIN: 132617705 501(c)(3) Housing & Shelter

WHITE PLAINS, NY

Total Revenue
$4,475,376
Total Expenses
$4,166,583
Total Assets
$6,255,896
Net Assets
$5,206,862
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
MARLENE ZARFES
Phone
9144284507
Tax Period
2024-01-01 to 2024-12-31

WESTCHESTER RESIDENTIAL OPPORTUNITIES INC, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $4.2M left a modest 7% surplus.

Mission

TO PROMOTE EQUAL, AFFORDABLE, AND ACCESSIBLE HOUSING OPPORTUNITIES FOR ALL RESIDENTS OF OUR REGION.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,693,467
Program Service Revenue $598,297
Investment Income $183,612
Other Revenue $0
TOTAL REVENUE $4,475,376

Expense Breakdown

Grants Paid $1,255,031
Salaries & Benefits $2,319,152
Fundraising Expenses $49,380
Program Expenses $3,564,498
Other Expenses $592,400
TOTAL EXPENSES $4,166,583

Year-over-Year Comparison

2024 2023 Change
Revenue $4,475,376 $4,786,666 -0.1%
Expenses $4,166,583 $4,062,671 +0.0%
Net Income $308,793 $723,995 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
45
Volunteers
14

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
7
$272,398
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURENCE BEILENSON CO-CHAIR 1.00
Officer Director
$0 $0 $0
DEBRA BUDETTI CO-CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS RICE ESQ SECRETARY 1.00
Officer Director
$0 $0 $0
KEITH ROSENTHAL ASSISTANT SECRETARY 1.00
Officer Director
$0 $0 $0
HENRY J CARNAGE TREASURER 1.00
Officer Director
$0 $0 $0
LEAH CARO BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET M FLINT ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY KRAMER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS D PARKER ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD STERN BOARD MEMBER 1.00
Director
$0 $0 $0
DEBRA THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY MARIE WEATHERS ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN R WOLFERT ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
MARLENE ZARFES EXECUTIVE DIRECTOR 34.00
Officer
$147,350 $25,484 $172,834
ELIZABETH ELLISON CHIEF FINANCIAL OFFICER 23.00
Officer
$99,475 $89 $99,564
ANDREW SMITH DEPUTY EXECUTIVE DIRECTOR 35.00
Highest
$105,100 $43,962 $149,062
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
2024 $4,475,376 $4,166,583 $6,255,896 $308,793
2023 $4,786,666 $4,062,671 $6,140,655 $723,995
2022 $7,053,204 $5,626,606 $5,135,150 $1,426,598
2021 $4,122,237 $3,624,678 $3,295,661 $497,559
2020 $3,531,543 $2,991,866 $2,459,131 $539,677
2019 $2,675,046 $2,527,020 $1,778,309 $148,026
2018 $2,668,386 $2,583,034 $1,747,149 $85,352
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