WESTMINSTER HOUSE HOUSING DEVELOPMENT FUND CO

EIN: 133802084 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
N/A
Total Expenses
N/A
Total Assets
$6,974,421
Net Assets
$6,241,537
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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
1994
Legal Domicile
NY
Principal Officer
RICHARD WEISS
Phone
7184015700
Tax Period
2021-07-01 to 2022-06-30

Mission

WESTMINSTER HOUSE HOUSING DEVELOPMENT FUND COMPANY WAS INCORPORATED IN THE STATE OF NEW YORK IN FEBRUARY 1994 UNDER THE NON-FOR-PROFIT CORPORATION LAW FOR THE CHARITABLE PURPOSE OF DEVELOPING AND OPERATING A PROJECT WHICH PROVIDED ELEVEN PERMANENT AFFORDABLE HOUSING UNITS FOR SINGLE HEAD OF HOUSEHOLDS.

Program Service Accomplishments

Program 1

WESTMINSTER HOUSE HOUSING DEVELOPMENT FUND COMPANY WAS INCORPORATED IN THE STATE OF NEW YORK IN FEBRUARY 1994 UNDER THE NON-FOR-PROFIT CORPORATION LAW FOR THE CHARITABLE PURPOSE OF DEVELOPING AND...

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WESTMINSTER HOUSE HOUSING DEVELOPMENT FUND COMPANY WAS INCORPORATED IN THE STATE OF NEW YORK IN FEBRUARY 1994 UNDER THE NON-FOR-PROFIT CORPORATION LAW FOR THE CHARITABLE PURPOSE OF DEVELOPING AND OPERATING A PROJECT WHICH PROVIDED ELEVEN PERMANENT AFFORDABLE HOUSING UNITS FOR SINGLE HEAD OF HOUSEHOLDS.

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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 (2021)

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
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2021 2020 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A $0 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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
6
$1,092,640
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM FRIEDMAN CHAIR 1.00
Officer Director
$0 $0 $0
MARION KATZIVE VICE CHAIR 1.00
Officer Director
$0 $0 $0
LESLIE ROSS VICE CHAIR 1.00
Officer Director
$0 $0 $0
DIANE POLLARD DIRECTOR AS OF 3/2022 1.00
Director
$0 $0 $0
PETER SAMUELS DIRECTOR 1.00
Director
$0 $0 $0
AYANNA THOMAS DIRECTOR 1.00
Director
$0 $0 $0
FRED HARRIS DIRECTOR 1.00
Director
$0 $0 $0
REV LAWRENCE FORD DIRECTOR 1.00
Director
$0 $0 $0
ERIC CHARLSON MD DIRECTOR 1.00
Director
$0 $0 $0
TOM JAVITS DIRECTOR 1.00
Director
$0 $0 $0
RICHARD WEISS PRESIDENT & CEO 1.00
Officer
$0 $56,792 $486,838
CYNTHIA DELAROSA COO 1.00
Officer
$0 $38,859 $298,094
MATTHEW ARMANDI CFO 1.00
Officer
$0 $29,911 $307,708
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
2022 No data No data $6,974,421 No data
2021 No data No data $7,039,616 No data
2020 $220,071 $295,373 $423,731 $-75,302
2019 $301,196 $358,889 $428,205 $-57,693
2018 $175,560 $231,823 $554,905 $-56,263
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