WESTSIDE MINISTRIES INC

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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

Principal Officer

DAVID ELEY

Phone

7168288681

Tax Period

2023-01-01 to 2023-12-31

WESTSIDE MINISTRIES INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

TO CONDUCT SOCIAL SERVICES, EDUCATIONAL & CHARITABLE ACTIVITIES FOR LOW- INCOME PERSONS IN BUFFALO, NY THROUGH AFFORDABLE HOUSING, PROPERTY MANAGEMENT & WORK TRAINING FOR JOB READINESS

Program Service Accomplishments

Program 1

Expenses: $196,542 Revenue: $317,210

WORK READINESS PROGRAM: PROVIDES TRAINING FOR INTERNATIONAL REFUGEES, UNDER SOURCED OR IMPOVERISHED URBAN RESIDENTS & TEENAGERS IN ESSENTIAL "SOFT SKILLS". DESIGNED TO HELP TRAINEES FIND & GROW IN...

WORK READINESS PROGRAM: PROVIDES TRAINING FOR INTERNATIONAL REFUGEES, UNDER SOURCED OR IMPOVERISHED URBAN RESIDENTS & TEENAGERS IN ESSENTIAL "SOFT SKILLS". DESIGNED TO HELP TRAINEES FIND & GROW IN MEANINGFUL EMPLOYMENT

Program 2

Expenses: $29,839 Revenue: $26,700

AFFORDABLE HOUSING: MINISTRY ACQUIRES MOSTLY VIA AUCTION; VACANT RUN DON HOUSING PROPERTIES WHICH ARE REHAB' D AND MADE LIVABLE. THE MINISTRY INITIALLY RETAINS AS RENTAL UNITS AND THEN SELLS OFF...

AFFORDABLE HOUSING: MINISTRY ACQUIRES MOSTLY VIA AUCTION; VACANT RUN DON HOUSING PROPERTIES WHICH ARE REHAB' D AND MADE LIVABLE. THE MINISTRY INITIALLY RETAINS AS RENTAL UNITS AND THEN SELLS OFF PROPERTIES TO AREA RESIDENTS. SALE & RENTAL INCOME ARE USED TO HELP FUND FUTURE ACQUISITIONS AND REHABS. GOAL IS TO UPGRADE & RESTORE HOUSING STOCK TO IMPROVE THE AREA'S QUALITY OF LIFE.

Program 3

Expenses: $47,395 Revenue: $67,466

COMMUNITY CENTER: THE MINISTRY ACQUIRED A FORMER CHURCH AND CLASSROOMS, REHAB' D IT AND PRESENTLY RENT IT OUT TO VARIOUS COMMUNITY PROGRAMS & ORGANIZATIONS. THE THRUST OF THE PROGRAMS INCLUDE AFTER SCHOOL HOMEWORK PROGRAMS, LANGUAGE CLASSES AND VARIOUS OTHER LIFE IMPROVEMENT SKILL CLASSES FOR LOW INCOME INDIVIDUALS ON THE WESTSIDE OF BUFFALO.

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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 $158,911

Program Service Revenue $2,929,285

Investment Income $-2,545

Other Revenue $10,579

TOTAL REVENUE $3,096,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,753,216

Fundraising Expenses $0

Program Expenses $3,073,993

Other Expenses $1,505,089

TOTAL EXPENSES $3,258,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,096,230	$4,712,552	-0.3%
Expenses	$3,258,305	$4,703,609	-0.3%
Net Income	$-162,075	$8,943	-19.1%

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

125

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

$88,813

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ELEY	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
SHARON WILLIAMS	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JOHN LEE	TREASURER	4.00	Officer Director	$0	$0	$0
ALAN MCCRACKEN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN COMARDO	MEMBER	2.00	Officer Director	$0	$0	$0
STEVEN SCHENK	MEMBER	2.00	Director	$0	$0	$0
MARVA THREAT	MEMBER	2.00	Director	$0	$0	$0
LEROY WIGGINS	MEMBER	2.00	Director	$0	$0	$0
JEREMY HAZELTON	EXEC DIRECTO	40.00	Director	$88,813	$0	$88,813

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	$3,096,230	$3,258,305	$1,089,595	$-162,075
2022	$4,712,552	$4,703,609	$1,484,892	$8,943
2021	$3,049,976	$3,139,091	$1,861,315	$-89,115
2020	$2,897,370	$2,954,103	$1,434,794	$-56,733
2019	$1,248,096	$1,278,597	$1,356,405	$-30,501
2018	$1,298,997	$1,180,461	$1,242,449	$118,536