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 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

WESTCHESTER RESIDENTIAL OPPORTUNITIES (WRO) IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY WITH SPECIALIZED PROGRAMS TO COMBAT HOUSING DISCRIMINATION, MARKET AFFORDABLE HOUSING OPPORTUNITIES, AND TO ASSIST FIRST TIME HOMEBUYERS, THE ELDERLY AND THOSE FACING EVICTION OR MORTGAGE DEFAULT. ADDITIONALLY, WRO PROVIDES HOUSING AND CASE MANAGEMENT FOR PEOPLE WITH MENTAL ILLNESS. WRO PROMOTES HOUSING MOBILITY, AFFORDABILITY AND STABILITY FOR MARGINALIZED POPULATIONS AND LOW-TO-MODERATE INCOME GROUPS.

Program Service Accomplishments

Program 1
Expenses: $1,434,657 Revenue: $242,509

INDEPENDENT LIVING PROGRAMTHE INDEPENDENT LIVING PROGRAM CONSISTS OF OUR SUPPORTED HOUSING APARTMENT PROGRAM, OUR SINGLE ROOM OCCUPANCY (SRO) PROGRAM, AND AN EDUCATION AND OUTREACH COMPONENT. IN...

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INDEPENDENT LIVING PROGRAMTHE INDEPENDENT LIVING PROGRAM CONSISTS OF OUR SUPPORTED HOUSING APARTMENT PROGRAM, OUR SINGLE ROOM OCCUPANCY (SRO) PROGRAM, AND AN EDUCATION AND OUTREACH COMPONENT. IN 2024, THE SUPPORTED HOUSING PROGRAM PROVIDED INDIVIDUALIZED HOUSING-RELATED CASE MANAGEMENT SERVICES AND RENTAL ASSISTANCE TO 49 ADULTS DIAGNOSED WITH SERIOUS MENTAL ILLNESS, WHO WISH TO OBTAIN PERMANENT, AFFORDABLE, AND INDEPENDENT HOUSING. THE SINGLE ROOM OCCUPANCY PROGRAM STAFF PROVIDED HOUSING AND SUPPORTIVE SERVICES AND SUPERVISION TO ADULTS RESIDING IN OUR NINE BEDROOM SRO IN 2024.ADDITIONALLY, WRO PROVIDES HOMELESS OUTREACH TO ASSIST HOMELESS PEOPLE WITH MENTAL ILLNESS TO FIND HOUSING.

Program 2
Expenses: $881,498 Revenue: $287,607

FAIR HOUSING PROGRAMWRO'S FAIR HOUSING PROGRAM WORKS TO ELIMINATE DISCRIMINATION IN THE HOUSING AND LENDING MARKETS. THE PROGRAM HANDLES COMPLAINTS AND CONDUCTS INVESTIGATIONS, INCLUDING BOTH...

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FAIR HOUSING PROGRAMWRO'S FAIR HOUSING PROGRAM WORKS TO ELIMINATE DISCRIMINATION IN THE HOUSING AND LENDING MARKETS. THE PROGRAM HANDLES COMPLAINTS AND CONDUCTS INVESTIGATIONS, INCLUDING BOTH SYSTEMIC AND COMPLAINT-BASED TESTING, AND ACCESSIBLE DESIGN AND CONSTRUCTION INVESTIGATIONS. ACCESSIBLE DESIGN AND CONSTRUCTION SURVEYS ARE CONDUCTED TO PROMOTE HOUSING ACCESS FOR PEOPLE WITH DISABILITIES. WRO'S FAIR HOUSING PROGRAM PROVIDES EDUCATION AND OUTREACH TO CONSUMERS, CIVIC AND BUSINESS AND OTHER NON-PROFIT ORGANIZATIONS, AND TRAINS REAL ESTATE PROFESSIONALS, CO-OP BOARDS AND MANAGEMENT COMPANIES TO COMPLY WITH FAIR HOUSING LAWS. IN 2024, 167 FAMILIES AND INDIVIDUALS WERE ASSISTED WITH FAIR HOUSING COMPLAINTS, AND 16 REAL ESTATE AGENCIES INCLUDING OVER 350 INDIVIDUAL REAL ESTATE PROFESSIONALS AND 133 CO-OP APARTMENT DIRECTORS WERE TRAINED IN OUR FAIR HOUSING WORKSHOPS.ADDITIONALLY, WRO MANAGES AN AFFIRMATIVE HOUSING MARKETING PROGRAM FOR RENT AND RESALE OF FAIR AND AFFORDABLE HOMES. AS PART OF THIS PROGRAM, WRO COLLECTS APPLICATIONS AND ADMINISTERS A LOTTERY FOR ELIGIBLE APPLICANTS. IN 2024, WRO MARKETED OVER 500 RENTAL UNITS IN SIX RENTAL DEVELOPMENTS, TWO OWNERSHIP UNITS IN ONE DEVELOPMENT, AND ASSISTED IN THE CLOSING OF TWO RE-SALES OF EXISTING AFFORDABLE HOMES.

Program 3
Expenses: $462,067 Revenue: $0

EVICTION PREVENTION & RENTAL ASSISTANCE PROGRAMWRO ASSISTS QUALIFIED HOUSEHOLDS FACING RENTAL AND/OR UTILITY ARREARS, BY PROVIDING FINANCIAL ASSISTANCE GRANTS AGAINST THOSE ARREARS. WRO ALSO WORKS...

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EVICTION PREVENTION & RENTAL ASSISTANCE PROGRAMWRO ASSISTS QUALIFIED HOUSEHOLDS FACING RENTAL AND/OR UTILITY ARREARS, BY PROVIDING FINANCIAL ASSISTANCE GRANTS AGAINST THOSE ARREARS. WRO ALSO WORKS WITH HOUSEHOLDS LOOKING TO SECURE RENTAL HOUSING BY PROVIDING FINANCIAL ASSISTANCE GRANTS FOR SECURITY DEPOSITS, MOVING EXPENSES, FIRST MONTH'S RENT, ETC.IN ADDITION TO PROVIDING FINANCIAL ASSISTANCE, THE PROGRAM (1) PROVIDES COUNSELING TO PRIMARILY LOW-TO-MODERATE INCOME HOUSEHOLDS TO FIND AND MAINTAIN AFFORDABLE HOUSING, (2) NEGOTIATES WITH LANDLORDS TO HELP KEEP PEOPLE HOUSED, AND (3) MAKES REFERRALS AS APPROPRIATE TO LOCATE ADDITIONAL SOURCES OF FINANCIAL AND OTHER FORMS OF ASSISTANCE. IN 2024, THE PROGRAM ASSISTED 620 INDIVIDUALS AND FAMILIES, AND DISBURSED ALMOST $209,000 IN RENTAL ARREARS GRANTS TO 55 HOUSEHOLDS.

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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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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
2025 No data No data No data No data
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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