Providence, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WESTERLY COURTS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $135K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $191K exceeded revenue, resulting in a 42% operating deficit.
Westerly Courts, Inc. (Westerly) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs and to promote their health, security, and happiness.
To provide low-income housing and access to support services to people with physcial and psychological challenges. Westerly has a total of 10 units located at 65 Beach Street in Westerly, Rhode...
To provide low-income housing and access to support services to people with physcial and psychological challenges. Westerly has a total of 10 units located at 65 Beach Street in Westerly, Rhode Island. The occupancy rate was 84% during the fiscal year covered in this return. There were 583 vacant days among the 10 units during the fiscal year covered in this return. The waiting list as of 6/30/25 consisted of 13 individuals.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $134,669 | $146,023 | -0.1% |
| Expenses | $191,307 | $172,121 | +0.1% |
| Net Income | $-56,638 | $-26,098 | +1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Henry Sachs III | President | 1 |
Officer
Director
|
$0 | $49,367 | $612,588 |
| Scott DiChristofero | Former Officer | 0 |
|
$0 | $12,087 | $188,030 |
| Jay Burdick | Director | 0.05 |
Director
|
$0 | $0 | $0 |
| Nicole M Corbin | Secretary | 0.05 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Hogan | Director | 0.05 |
Director
|
$0 | $0 | $0 |
| Pamela S LaBreche | Vice Chair | 0.1 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Mancini | Chair | 0.05 |
Officer
Director
|
$0 | $0 | $0 |
| Jospeh K Sabetta | Treasurer | 0.05 |
Officer
Director
|
$0 | $0 | $0 |
| David White | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $134,669 | $191,307 | $1,255,086 | $-56,638 |
| 2024 | $146,023 | $172,121 | $1,302,775 | $-26,098 |
| 2023 | $148,546 | $188,259 | $1,325,218 | $-39,713 |
| 2022 | $143,778 | $163,170 | $1,414,330 | $-19,392 |
| 2021 | $148,911 | $172,370 | $1,424,800 | $-23,459 |
| 2020 | $151,108 | $178,210 | $1,474,128 | $-27,102 |
| 2019 | $145,943 | $169,456 | $1,519,771 | $-23,513 |
| 2018 | $151,057 | $164,301 | $1,556,388 | $-13,244 |
Compare WESTERLY COURTS INC with other nonprofits in Rhode Island and across the country.