ERIE, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OUR WEST BAYFRONT INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $550K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $611K exceeded revenue, resulting in a 11% operating deficit.
THE MISSION OF OUR WEST BAYFRONT (OWB) IS TO ENHANCE THE QUALITY OF LIFE IN THE WEST BAYFRONT NEIGHBORHOODS BY PROMOTING CIVIC INVOLVEMENT, THOUGHTFUL DEVELOPMENT, HISTORICAL PRESERVATION, AND NEIGHBORHOOD PRIDE.
REPAIR ASSISTANCE TO PROPERTY OWNERS:OWB WORKS CLOSELY WITH PROPERTY OWNERS IN A TARGETED, BLOCK BY BLOCK APPROACH TO STRENGTHENING THE NEIGHBORHOODS WITHIN THE WEST BAYFRONT. OWB PROVIDES ASSISTANCE...
REPAIR ASSISTANCE TO PROPERTY OWNERS:OWB WORKS CLOSELY WITH PROPERTY OWNERS IN A TARGETED, BLOCK BY BLOCK APPROACH TO STRENGTHENING THE NEIGHBORHOODS WITHIN THE WEST BAYFRONT. OWB PROVIDES ASSISTANCE TO PROPERTY OWNERS, TO HELP THEM MAKE REPAIRS AND IMPROVEMENTS TO THE EXTERIOR OF THEIR BUILDINGS, STRENGTHENING THE TAX BASE, STABILIZING THE MARKET, AND INCREASING PRIDE IN THE NEIGHBORHOOD. TYPICAL PROJECTS INCLUDE ROOF REPLACEMENT, WINDOW REPLACEMENT, PAINTING, SIDING, AND PORCH REPAIRS.
PROPERTY ACQUISITION AND RENOVATIONS:OUR WEST BAYFRONT WORKS WITH THE CITY OF ERIE'S LAND BANK AND OTHER PARTNERS TO IDENTIFY AND ACQUIRE DETERIORATED PROPERTIES IN NEED OF RENOVATION THAT ARE NOT...
PROPERTY ACQUISITION AND RENOVATIONS:OUR WEST BAYFRONT WORKS WITH THE CITY OF ERIE'S LAND BANK AND OTHER PARTNERS TO IDENTIFY AND ACQUIRE DETERIORATED PROPERTIES IN NEED OF RENOVATION THAT ARE NOT BEING ADDRESSED BY PRIVATE MARKET CONDITIONS. THE TRANSFORMATION OF THESE PROPERTIES CONTRIBUTES TO OWB'S TARGETED REVITALIZATION GOALS AND HELPS TO STABILIZE THE MARKET IN THE TRANSITIONAL NEIGHBORHOODS THAT OWB SERVES. IN ADDITION TO CREATING NEW AFFORDABLE QUALITY HOUSING AND COMMERCIAL SPACES, THE TRANSFORMATION OF THESE PROPERTIES HAS INDIRECT BENEFITS FOR THE ENTIRE BLOCK BY IMPROVING BLIGHTED AND UNSAFE CONDITIONS.
PUBLIC SPACE IMPROVEMENTS:OWB PARTNERS WITH THE CITY OF ERIE AND NEIGHBORHOOD RESIDENTS TO CONCEPTUALIZE, DESIGN, AND IMPLEMENT IMPROVEMENTS TO COMMUNITY SPACES INCLUDING PUBLIC PARKS, STREETSCAPES...
PUBLIC SPACE IMPROVEMENTS:OWB PARTNERS WITH THE CITY OF ERIE AND NEIGHBORHOOD RESIDENTS TO CONCEPTUALIZE, DESIGN, AND IMPLEMENT IMPROVEMENTS TO COMMUNITY SPACES INCLUDING PUBLIC PARKS, STREETSCAPES, VACANT LOTS, AND COMMUNITY GATEWAYS. THESE IMPROVEMENTS ENCOURAGE USE OF PARKS AND PUBLIC SPACES, HELP RESIDENTS FEEL SAFER AND MORE COMFORTABLE IN PUBLIC SPACES, AND GENERALLY ENHANCE THE APPEAL OF THE COMMUNITY TO STABILIZE THE NEIGHBORHOOD.
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 | $550,259 | $924,395 | -0.4% |
| Expenses | $611,096 | $745,995 | -0.2% |
| Net Income | $-60,837 | $178,400 | -1.3% |
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 |
|---|---|---|---|---|---|---|
| CANDACE BATTLES | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LISA HEIDELBERG | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIC DALHSTRAND | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE JARUSZEWICZ | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIKA RAMALHO | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES SCALISE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES SHERROD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS TAYLOR | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JASON WIECZOREK | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KATRINA VINCENT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH KUMER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| FLOYD MCCLURE | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAY ALBERSTADT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SARAH EWING | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GRETCHEN KERR | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $0 | $85,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $550,259 | $611,096 | $2,032,811 | $-60,837 |
| 2024 | $924,395 | $745,995 | $2,215,750 | $178,400 |
| 2023 | $613,817 | $615,133 | $2,149,646 | $-1,316 |
| 2022 | $447,613 | $422,677 | $1,691,148 | $24,936 |
| 2021 | $1,126,486 | $337,455 | $1,744,560 | $789,031 |
| 2020 | $748,097 | $270,857 | $1,249,335 | $477,240 |
| 2019 | $228,887 | $238,470 | $212,299 | $-9,583 |
Compare OUR WEST BAYFRONT INC with other nonprofits in Pennsylvania and across the country.