WEBSTER TOWERS INC C/O HBS MANAGEM… - 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

1976

Legal Domicile

Principal Officer

MICHAEL GREENSTEIN

Phone

5703460759

Tax Period

2024-06-01 to 2025-05-31

WEBSTER TOWERS INC C/O HBS MANAGEMENT COMPANY, founded in 1976, is a small nonprofit that reported $909K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $807K left a modest 11% surplus.

Mission

WEBSTER'S MISSION AS A NOT-FOR-PROFIT ENTITY IS TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY RESIDENTS OF THE GREATER SCRANTON AREA OF PENNSYLVANIA, THAT IS COMFORTABLE, CLEAN, MODERN, AND SAFE. THE ORGANIZATION FULFILLS ITS MISSION BY CONTINUALLY REINVESTING IN THE AESTHETIC AND PHYSICAL QUALITY OF ITS 85 RESIDENTIAL UNITS, WHILE CHARGING RENTS THAT ARE CONSISTENTLY LOWER THAN PREVAILING MARKET RENT RATES IN THE REGION, THUS MAKING THE UNITS AFFORDABLE FOR CURRENT AND POTENTIAL TENANTS WITH LOWER INCOMES.

Program Service Accomplishments

Program 1

Expenses: $807,019 Revenue: $908,897

WEBSTER TOWERS PROVIDED 85 UNITS OF AFFORDABLE, COMFORTABLE, CLEAN, MODERN, AND SAFE HOUSING TO ELDERLY RESIDENTS OF THE CITY OF SCRANTON. THE ORGANIZATION MADE THE UNITS AFFORDABLE TO ITS ELDERLY...

WEBSTER TOWERS PROVIDED 85 UNITS OF AFFORDABLE, COMFORTABLE, CLEAN, MODERN, AND SAFE HOUSING TO ELDERLY RESIDENTS OF THE CITY OF SCRANTON. THE ORGANIZATION MADE THE UNITS AFFORDABLE TO ITS ELDERLY TENANTS BY CHARGING MONTHLY RENTS IN COMPLIANCE WITH U.S. HUD GUIDELINES, WHICH WERE CONTINUALLY LOWER THAN PREVAILING MARKET RENTAL RATES. THE ORGANIZATION MADE ITS AFFORDABLE HOUSING COMFORTABLE, CLEAN, AND MODERN BY INVESTING 1,367,000 IN PROPERTY AND EQUIPMENT ADDITIONS AND RENOVATIONS DURING THE LAST 7 YEARS. AS A RESULT OF THESE ADDITIONS AND RENOVATIONS, THE ORGANIZATION'S HOUSING FACILITY IS A SOURCE OF PRIDE AND BEAUTY FOR ITS RESIDENTS AND THE COMMUNITY AT LARGE, WHILE STILL PROVIDING ELDERLY CITIZENS WITH LOWER INCOMES THE ABILITY TO RESIDE HERE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,045

Program Service Revenue $869,863

Investment Income $6,989

Other Revenue $0

TOTAL REVENUE $908,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,378

Fundraising Expenses $0

Program Expenses $807,019

Other Expenses $607,641

TOTAL EXPENSES $807,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$908,897	$801,128	+0.1%
Expenses	$807,019	$789,662	+0.0%
Net Income	$101,878	$11,466	+7.9%

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

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
SHEILA NUDELMAN ABDO	DIRECTOR	3.00	Director	$0	$0	$0
DAVID ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL CECCACCI	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN CONNORS	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW HAILSTONE ESQ	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD BISHOP ESQ	DIRECTOR	3.00	Director	$0	$0	$0
JERRY J WEINBERGER ESQUIRE	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD G FINE ESQUIRE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
GAYLE GREENSTEIN	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL GREENSTEIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
ELEANOR LIEBERMAN	DIRECTOR	3.00	Director	$0	$0	$0
STUART POLLACK	DIRECTOR	3.00	Director	$0	$0	$0
RABBI SAMUEL SANDHAUS	SECRETARY TR	8.00	Officer Director	$0	$0	$0
MARGARET SHELDON	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN STADOLNY	DIRECTOR	3.00	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
2025	$908,897	$807,019	$1,753,082	$101,878
2024	$801,128	$789,662	$1,700,745	$11,466
2023	$785,225	$716,770	$1,748,108	$68,455
2022	$779,273	$680,602	$1,712,312	$98,671
2021	$759,580	$724,296	$1,661,224	$35,284
2020	$739,477	$675,821	$1,688,920	$63,656
2019	$716,555	$645,453	$1,390,194	$71,102

WEBSTER TOWERS INC C/O HBS MANAGEMENT COMPANY