WEST END HOUSING CORPORATION

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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

1996

Legal Domicile

Principal Officer

JOSEPH GIRARDI

Phone

3147260111

Tax Period

2023-01-01 to 2023-12-31

WEST END HOUSING CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $357K in total revenue in fiscal year 2023. Expenses of $433K exceeded revenue, resulting in a 22% operating deficit.

Mission

LOW INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $301,421 Revenue: $353,268

WEST END ELDERLY HOUSING CORP DBA MERCY SEAT IS A NONPROFIT CORPORATION ESTABLISHED TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SECURITIES. THE CORPORATION HAS CONSTRUCTED...

WEST END ELDERLY HOUSING CORP DBA MERCY SEAT IS A NONPROFIT CORPORATION ESTABLISHED TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SECURITIES. THE CORPORATION HAS CONSTRUCTED HOUSING UTILIZING FUNDS PROVIDED BY A CAPITAL ADVANCE UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. THE CAPITAL ADVANCE REQUIREMENTS ARE IN COMPLIANCE WITH THE PROVISIONS AND REGULATIONS OF THE ACT.

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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 $0

Program Service Revenue $353,268

Investment Income $860

Other Revenue $2,466

TOTAL REVENUE $356,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,578

Fundraising Expenses $0

Program Expenses $301,421

Other Expenses $320,792

TOTAL EXPENSES $433,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,594	$349,803	+0.0%
Expenses	$433,370	$376,008	+0.2%
Net Income	$-76,776	$-26,205	+1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE BORNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA CALLIOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY CRATE	TREASURER	1.00	Officer Director	$0	$0	$0
JASON HANNEKE	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARENCE CALVERT JR	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ROGER D CARSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLETUS LATHAN	PRESIDENT &	1.00	Officer Director	$0	$0	$0
ALINE PHILLIPS	V. PRESIDENT	1.00	Officer Director	$0	$0	$0
AGNES BARNES SPENCER	SECRETARY	1.00	Officer Director	$0	$0	$0
LEWIS WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH GIRARDI	CFO	1.00	Officer	$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	$356,594	$433,370	$1,152,160	$-76,776
2022	$349,803	$376,008	$1,194,560	$-26,205
2021	$333,215	$376,721	$1,225,470	$-43,506
2020	$336,138	$364,011	$1,253,018	$-27,873
2019	$324,979	$371,941	$1,293,560	$-46,962
2018	$268,507	$397,252	$1,385,852	$-128,745