WESTLAKE COMMUNITY FOUNDATION INC C/O VESTA PROPERTY SERVICES

EIN: 823447812 501(c)(3) Housing & Shelter

WESTLAKE, FL

Total Revenue
$157,589
Total Expenses
$2,164
Total Assets
$449,505
Net Assets
$449,505
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Principal Officer
JOHN CARTER
Phone
5612454444
Tax Period
2024-01-01 to 2024-12-31

WESTLAKE COMMUNITY FOUNDATION INC C/O VESTA PROPERTY SERVICES, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $158K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 99% operating margin.

Mission

FACILITATING THE CREATION AND PRESERVATION OF PRIVATELY OWNED, COMMUNITY- ENHANCING AFFORDABLE HOUSING TO MEET THE NEEDS OF LOW INCOME PERSONS REGARDLESS OF RACE, CREED, OR COLOR, NATIONAL ORGIN, ETHNICITY, GENDER, AGE, PHYSICAL DISABILITY OR SEXUAL; (B) ENGAGING IN FUNDRAISING, COMMUNITY OUTREACH, AND EDUCATION IN SUPPORT OF AFFORDABLE HOUSING WITHIN THE CITY OF WESTLAKE; AND (C) PROVIDING DOWNPAYMENT AND CLOSING COST ASSISTANCE AND / OR FUNDING TO GOVERNMENTAL AND OTHER PROGRAMS PROVIDING AFFORDABLE AND / OR WORKFORCE HOUSING ASSISTNACE.

Program Service Accomplishments

Program 1
Expenses: $2,164

THE FOUNDATION IS INTENTED TO CONTRIBUTE EXCLUSIVELY TO CULTURAL, SCIENTIFIC, LITERARY,EDUCATIONAL, RECREATIONAL, ENVIRONMENTAL AND CHARITABLE PURPOSES, INCLUDING FOR PURPOSES OF MAKING DISTRIBUTIONS...

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THE FOUNDATION IS INTENTED TO CONTRIBUTE EXCLUSIVELY TO CULTURAL, SCIENTIFIC, LITERARY,EDUCATIONAL, RECREATIONAL, ENVIRONMENTAL AND CHARITABLE PURPOSES, INCLUDING FOR PURPOSES OF MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER IRC SECTION 501 (C)(3).

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $157,500
Program Service Revenue $0
Investment Income $89
Other Revenue $0
TOTAL REVENUE $157,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,164
Other Expenses $2,164
TOTAL EXPENSES $2,164

Year-over-Year Comparison

2024 2023 Change
Revenue $157,589 $115,557 +0.4%
Expenses $2,164 $1,448 +0.5%
Net Income $155,425 $114,109 +0.4%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZANE BEARD VICE PRES, D N/A
Officer Director
$0 $0 $0
JOHN CARTER PRESIDENT, D N/A
Officer Director
$0 $0 $0
LEOLANI GEVERS SECRETARY /T N/A
Officer Director
$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 $157,589 $2,164 $449,505 $155,425
2023 $115,557 $1,448 $294,080 $114,109
2022 $82,535 $600 $179,971 $81,935
2021 $73,514 $1,161 $98,036 $72,353
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