WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING INC (EIN 132926433) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

PAUL R FREITAG

Phone

2127216032

Tax Period

2023-07-01 to 2024-06-30

WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING INC, founded in 1977, is a mid-sized nonprofit in the Housing & Shelter sector that reported $35.3M in total revenue in fiscal year 2023. Net assets of $76.5M represent 26 months of operating reserves.

Mission

THE MISSION OF THE WEST SIDE FEDERATION FOR SENIOR & SUPPORTIVE HOUSING, INC. IS TO DEVELOP,(CONTINUED) MANAGE & PROVIDE SUPPORTIVE SERVICES IN HOUSING FOR LOW-INCOME, ELDERLY, DISABLED AND HOMELESS PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,037,622

Program Service Revenue $11,943,345

Investment Income $1,185,087

Other Revenue $115,754

TOTAL REVENUE $35,281,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,193,496

Fundraising Expenses $69,255

Program Expenses $29,444,208

Other Expenses $13,503,147

TOTAL EXPENSES $37,696,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,281,808	$35,171,431	+0.0%
Expenses	$37,696,643	$38,462,918	0.0%
Net Income	$-2,414,835	$-3,291,487	-0.3%

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

Employees

502

Volunteers

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

$838,679

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBY JO SIGEL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES A GATEWOOD	DIRECTOR	1.00	Director	$0	$0	$0
FATHER JOHN DUFFELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEDWIG O'HARA	DIRECTOR	1.00	Director	$0	$0	$0
LYNN WISHART	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
SHELDON J FINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
TITO ESCOBAR	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE HILGER	COO/ASSIST SECRETARY	35.00	Officer	$192,659	$7,302	$199,961
DANIEL J DROSIN	DIR OF PROPERTY MNGMENT	35.00	Officer	$136,518	$34,296	$170,814
DEEPAK BHUTANI	CFO (INCOMING )	35.00	Officer	$0	$0	$0
NANDA WIN	TREASURER/CFO (OUTGOING)	35.00	Officer	$126,124	$48,477	$174,601
PAUL R FREITAG	EXECUTIVE DIRECTOR	35.00	Officer	$239,636	$53,667	$293,303
ALLISON CHANEME	HUMAN RESOURCES DIRECTOR	35.00	Highest	$160,052	$11,962	$172,014
JACK HOSPEDALES	DIR OF INFORMATION TECH	35.00	Highest	$146,632	$24,372	$171,004
RIA DEMARCO	SOCIAL SERVICE- ASSOCIATE	35.00	Highest	$143,435	$19,892	$163,327
STEPHANIE GREEN	CHIEF STRATEGY OFFICER	35.00	Highest	$133,696	$61,928	$195,624
STEVEN DEMARCO	SOCIAL SERVICE- ASSOCIATE	35.00	Highest	$136,334	$30,326	$166,660

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	$35,281,808	$37,696,643	$149,012,777	$-2,414,835
2023	$35,171,431	$38,462,918	$149,450,307	$-3,291,487
2022	$49,426,493	$34,832,635	$148,749,426	$14,593,858
2021	$30,364,532	$33,514,635	$137,243,036	$-3,150,103
2020	$41,412,403	$30,706,389	$138,485,239	$10,706,014
2019	$43,822,817	$27,599,970	$122,411,046	$16,222,847
2018	$34,653,725	$25,644,380	$106,930,485	$9,009,345

WEST SIDE FEDERATION FOR SENIOR AND SUPPORTIVE HOUSING INC