BELLWEST MANAGEMENT CORPORATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

ADAM WEINSTEIN

Phone

2122439090

Tax Period

2020-01-01 to 2020-12-31

Mission

BELLWEST MANAGEMENT CORPORATION IS THE FORMER MANAGING GENERAL PARTNER OF BELLEVUE SOUTH ASSOCIATES, LP (DISSOLVED), THE FORMER OWNER OF KIPS BAY COURT, WHICH WAS CONSTRUCTED TO COMBAT THE BLIGHTED AND DETERIORATED HOUSING CONDITIONS IN THE BELLEVUE SOUTH URBAN RENEWAL AREA. THROUGH THE OPERATION OF KIPS BAY COURT, THE ORGANIZATION WAS ABLE TO MAINTAIN THE ELIMINATION OF SUCH BLIGHTED HOUSING CONDITIONS, PROVIDING A SUBSTANTIAL NUMBER OF SUBSIDIZED LOW-INCOME HOUSING UNITS AND GENERATING REVENUE TO SUPPORT THE OTHER LOW-INCOME HOUSING ACTIVITIES OF THE PHIPPS HOUSES GROUP. WITH THE SALE OF KIPS BAY COURT, THE CORPORATION PLANS TO DISSOLVE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PROVIDES FINANCIAL SUPPORT TO THE LOW INCOME HOUSING ACTIVITIES OF SOLE STOCKHOLDER PHIPPS HOUSES, EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(4).

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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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $15,310

TOTAL EXPENSES $15,310

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$21,533	-1.0%
Expenses	$15,310	$6,601	+1.3%
Net Income	N/A	$14,932	N/A

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

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

N/A

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

$2,364,065

Total Directors

$1,675,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WEINSTEIN	PRESIDENT/CEO	1.0	Officer Director	$0	$102,759	$958,473
JAMES ROBERT PIGOTT JR	VICE PRESIDENT AND SECRETARY	1.0	Officer Director	$0	$61,696	$375,168
MATTHEW KELLY	VICE PRESIDENT	1.0	Officer	$0	$60,907	$367,578
BRIAN BRICKER	TREASURER	1.0	Officer Director	$0	$56,713	$341,399
MICHAEL WADMAN	VICE PRESIDENT	1.0	Officer	$0	$46,622	$321,447

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
2020	No data	$15,310	$771,921	No data
2019	$21,533	$6,601	$786,784	$14,932
2018	$18,411	$3,159	$772,249	$15,252