Washingtonville Housing Alliance c… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

JENNIFER JACOBS GUZMAN

Phone

9143452800

Tax Period

2023-01-01 to 2023-12-31

Washingtonville Housing Alliance c/o Westhab Inc, founded in 1980, is a small nonprofit that reported $725K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $818K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PRESERVE AND ENHANCE THE QUALITY OF LIFE IN THE VILLAGE OF MAMARONECK AND THE SURROUNDING AREA. WHA CONSTRUCTS NEW HOUSING AND IMPROVES EXISTING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS AND UNDERTAKES OTHER SUPPORTIVE ACTIVITIES DESIGNED TO SUSTAIN COMMUNITIES THAT ARE CULTURALLY DIVERSE, MULTI-GENERATIONAL AND OF MIXED INCOME.

Program Service Accomplishments

Program 1

Expenses: $505,365 Revenue: $579,502

Affordable housing: WHA constructs new housing and improves existing housing for low and moderate income residents. The organization also provides efficient management services to properties which...

Affordable housing: WHA constructs new housing and improves existing housing for low and moderate income residents. The organization also provides efficient management services to properties which provide rental housing for low income residents. We currently provide 40 units of moderate income housing in Westchester county and are currently working to develop and improve other properties in the area.

Program 2

Expenses: $105,028

COMMUNITY OUTREACH AND COMMUNITY DEVELOPMENT: Washingtonville Housing Alliance also provides community development programs and housing assistance for low and moderate income residents in the...

COMMUNITY OUTREACH AND COMMUNITY DEVELOPMENT: Washingtonville Housing Alliance also provides community development programs and housing assistance for low and moderate income residents in the Mamaroneck area. WHA has run workshops on financial literacy, tenants' rights, and home ownership. WHA undertakes community outreach through local businesses and religious organizations to raise the awareness of the services provided by the organization.

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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 $142,948

Program Service Revenue $579,492

Investment Income $2,904

Other Revenue $10

TOTAL REVENUE $725,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,083

Fundraising Expenses $0

Program Expenses $610,393

Other Expenses $523,221

TOTAL EXPENSES $818,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$725,354	$802,449	-0.1%
Expenses	$818,304	$872,251	-0.1%
Net Income	$-92,950	$-69,802	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER JACOBS GUZMAN	CHAIR - MEMBER	1.0	Officer Director	$0	$0	$0
GLORIA WELCOME	VICE CHAIR - MEMBER	1.0	Officer Director	$0	$0	$0
HOWARD SKLAR	SECRETARY/TREASURER-MEMBER	1.0	Officer Director	$0	$0	$0
JEFFERSON D MEIGHAN JR	BOARD MEMBER	1.0	Director	$0	$0	$0
RUNETT MITCHELL	BOARD MEMBER	1.0	Director	$0	$0	$0
ANGELA DELPEZO TORERO	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT GALVIN	BOARD MEMBER	1.0	Director	$0	$0	$0
MARCUS SANTIAGO	BOARD MEMBER	1.0	Director	$0	$0	$0
GWEN SHUFRO	BOARD MEMBER	1.0	Director	$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
2024	No data	No data	No data	No data
2023	$725,354	$818,304	$1,626,078	$-92,950
2022	$802,449	$872,251	$1,666,157	$-69,802
2021	$800,033	$753,491	$1,563,659	$46,542
2020	$664,996	$733,564	$1,364,608	$-68,568
2019	$674,975	$679,386	$1,413,419	$-4,411
2018	$631,815	$669,651	$1,459,454	$-37,836

Washingtonville Housing Alliance c/o Westhab Inc