Westbeth Corp Housing Development Fund Company Inc

Organization Overview

Westbeth Corp Housing Development Fund Company Inc is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Westbeth Corp Housing Development Fund Company Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westbeth Corp Housing Development Fund Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Westbeth Corp Housing Development Fund Company Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $12.1m during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WESTBETH IS A HOME FOR THE ARTS AND PROVIDES AFFORDABLE LIVE/WORK SPACES TO LOW-INCOME ARTISTS IN ALL DISCIPLINES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING AND RELATED SUPPORT SERVICES FOR ARTISTS. WESTBETH COMPRISES 384 UNITS OF AFFORDABLE HOUSING FOR LOW-INCOME ARTISTS AND THEIR FAMILIES. IN ADDITION, IT CONTAINS ARTISTS' WORK SPACES -- PAINTING STUDIOS, REHEARSAL STUDIOS, EXHIBITION AND THEATRE SPACES -- AND PROVIDES SOCIAL SERVICE SUPPORT FOR AN INCREASINGLY ELDERLY POPULATION, MANY OF WHOM HAVE LIVED IN THE BUILDING SINCE THE 1970'S.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Ellen Salpeter
President & CEO
$254,256
Matthew J Russas
General Manager
$125,435
Todd Salley
Superintendent
$108,505
Joe Versace
Chairman
$0
Esther Robinson
Vice Chair
$0
Alina Lundry
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Skyline Restoration Inc
Construction
$4,187,441
Klairgar Inc
Hvac Repair
$675,034
Historical Windows Of New York Inc
Window Repair
$264,688
Elemental Architecture Llc
Aparatment Renovations
$263,902
Rose Property Management Group Llc
Managing Agent
$180,027
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $597,282
All other contributions, gifts, grants, and similar amounts not included above$20,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$617,282
Total Program Service Revenue$9,089,410
Investment income $291,492
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,191,211

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Westbeth Corp Housing Development Fund Company Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Hyde And Watson Foundation

Warren Township, NJ

PURPOSE: PURCHASE AND INSTALLATION OF EQUIPMENT.

$10,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or