WESTBAY HOUSING CORPORATION (EIN 201110283) - 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

2004

Legal Domicile

Principal Officer

PAUL SALERA

Phone

4017324666

Tax Period

2023-07-01 to 2024-06-30

WESTBAY HOUSING CORPORATION, founded in 2004, is a small nonprofit that reported $525K in total revenue in fiscal year 2023. The organization ran a surplus of $194K, a strong 37% operating margin.

Mission

TO ASSIST LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES TO ACHIEVE AND SUSTAIN SELF-SUFFICIENCY BY PROVIDING RENTAL OPPORTUNITIES.

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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 $515,509

Program Service Revenue $9,431

Investment Income $0

Other Revenue $0

TOTAL REVENUE $524,940

Expense Breakdown

Grants Paid $301,525

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,606

Other Expenses $29,081

TOTAL EXPENSES $330,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$524,940	$-45,067	-12.6%
Expenses	$330,606	$29,676	+10.1%
Net Income	$194,334	$-74,743	-3.6%

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

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

$358,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY CORRENTE JR	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL O'ROURKE	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIN MCANDREW	DIRECTOR	1.00	Director	$0	$0	$0
JASON BOUCHARD	TREASURER	1.00	Officer Director	$0	$0	$0
SUE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE IMBRIGLIO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MCALLISTER	DIRECTOR	1.00	Director	$0	$0	$0
VERTEAL PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
MELAINE POTRZEBA	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA SLOBIN	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIMBERLY WINEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM SATCHELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
LAURA TUSCANI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL A SALERA	PRESIDENT/CEO	1.00	Officer	$178,995	$18,870	$197,865
HEATHER BRAGA	CFO	1.00	Officer	$135,162	$25,445	$160,607

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	$524,940	$330,606	No data	$194,334
2023	$-45,067	$29,676	$307,347	$-74,743
2022	$13,173	$25,314	$313,639	$-12,141
2021	$26,948	$24,252	$318,377	$2,696
2020	$8,264	$20,031	$324,063	$-11,767
2019	$17,381	$30,612	$329,750	$-13,231
2018	$20,652	$29,235	$335,436	$-8,583

WESTBAY HOUSING CORPORATION