WESTOVER HOUSING ASSOCIATES INC (EIN 541346831) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

PAUL BERNARD

Phone

7034860626

Tax Period

2024-01-01 to 2024-12-31

WESTOVER HOUSING ASSOCIATES INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2018. The organization ran a surplus of $2.3M, a strong 52% operating margin.

Mission

TO ASSIST IN THE DEVELOPMENT AND OPERATIONS OF DECENT, SAFE, AND AFFORDABLE HOUSING FOR LOW-INCOME PERSONS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,057,021

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,057,021

Expense Breakdown

Grants Paid $1,640,338

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,640,338

Other Expenses $0

TOTAL EXPENSES $1,640,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,057,021	$3,084,962	-0.3%
Expenses	$1,640,338	$2,807,140	-0.4%
Net Income	$416,683	$277,822	+0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$1,528,539

Total Directors

$1,528,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BERNARD	PRESIDENT	1.00	Officer Director	$0	$31,545	$397,149
KENNETH CRAWFORD	VICE PRESIDENT (PART YEAR)	1.00	Officer Director	$0	$8,887	$339,778
STEVE YEATMAN	TREASURER (PART YEAR)	1.00	Officer Director	$0	$7,115	$209,221
JENNIFER ENDO	SECRETARY	1.00	Officer Director	$0	$15,905	$232,882
JOHN ELLIOT	TREASURER	1.00	Officer Director	$0	$4,141	$176,715
REGINA JACKSON	TREASURER (PART YEAR)	1.00	Officer Director	$0	$12,365	$172,794
WALTER WEBDALE	FORMER PRESIDENT	0.00		$0	$0	$158,475
ALAN GOLDSTEIN	FORMER VICE PRESIDENT	0.00		$0	$25,429	$304,598

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	$2,057,021	$1,640,338	$3,912,456	$416,683
2023	$3,084,962	$2,807,140	$3,495,773	$277,822
2022	$3,235,493	$2,513,546	$3,443,207	$721,947
2021	$1,997,805	$2,667,305	$2,595,598	$-669,500
2020	$942,956	$416,645	$3,165,098	$526,311
2019	$1,180,137	$973,114	$2,619,787	$207,023
2018	$4,433,084	$2,125,578	$2,412,764	$2,307,506

WESTOVER HOUSING ASSOCIATES INC