West Side Federation For Senior Housing Inc
- Assets
- $138.5m
- Revenue
- $41.4m
- Investments
- $0.0
- Employees
- 654
- Location
- New York, NY
- Founding
- 03/1978
- Data as of
- 06/2020
- EIN
- 13-2926433
Organization Overview
West Side Federation For Senior Housing Inc is located in New York, NY. The organization was established in 1978. 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 06/2021, West Side Federation For Senior Housing Inc employed 654 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Side Federation For Senior Housing 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 06/2020, West Side Federation For Senior Housing Inc generated $41.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $30.7m during the year ending 06/2020. While expenses have increased by 6.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WEST SIDE FEDERATION FOR SENIOR & SUPPORTIVE HOUSING, INC. IS TO DEVELOP,(CONTINUED) MANAGE & PROVIDE SUPPORTIVE SERVICES IN HOUSING FOR LOW-INCOME, ELDERLY, DISABLED AND HOMELESS PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - WSFSSH DEVELOPS AND MANAGES HOUSING FOR LOW INCOME PERSONS IN NEW YORK CITY. SINCE IT WAS FOUNDED IN 1977, WSFSSH HAS DEVELOPED CLOSE TO 2,200 UNITS OF HOUSING IN 30 BUILDINGS LOCATED ON THE UPPER WEST SIDE OF MANHATTAN, IN HARLEM, CHELSEA AND THE BRONX. WSFSSH'S BUILDINGS INCLUDE BOTH NEW CONSTRUCTION AND GUT RENOVATIONS PROJECTS, AND RANGE IN SIZE FROM SIX UNITS TO 273 UNITS. WSFSSH'S CENTRAL GOAL IS TO PROVIDE SAFE, SUSTAINABLE AND AFFORDABLE HOUSING THAT SUPPORTS THE DIGNITY OF EACH OF ITS RESIDENTS AND ENHANCES COMMUNITY BOTH INSIDE AND OUTSIDE ITS BUILDINGS. IT DOES THIS BY INTEGRATING COMPASSIONATE PROPERTY MANAGEMENT WITH ON-SITE SUPPORTIVE SOCIAL SERVICES. IN ADDITION, WSFSSH WORKS TO MAKE ALL OF ITS BUILDINGS AS ENERGY-EFFICIENT AS POSSIBLE. WSFSSH IS CURRENTLY DEVELOPING SEVERAL ADDITIONAL (CONTINUED) AFFORDABLE HOUSING PROJECTS IN MANHATTAN AND IN THE BRONX.
SOCIAL SERVICES AND RESIDENTIAL CARE- WSFSSH MAKES SUPPORTIVE SOCIAL SERVICES AVAILABLE TO ALL RESIDENTS IN ITS BUILDINGS. THESE RESIDENTS INCLUDE INDEPENDENT SENIORS, FRAIL ELDERLY INDIVIDUALS,OLDER PERSONS LIVING WITH SERIOUS MENTAL ILLNESSES, HOMELESS INDIVIDUALS, SINGLE OLDER PERSONS, PERSONS LIVING WITH PHYSICALLY HANDICAPPING CONDITIONS, GRANDPARENTS RAISING THEIR GRANDCHILDREN, AND FAMILIES. ON-SITE SERVICES ARE PROVIDED BY A PROFESSIONAL STAFF THAT INCLUDES 67 MSWS AND LMSWS AND 160 ADDITIONAL SOCIAL SERVICE STAFF. SERVICES INCLUDE CASE MANAGEMENT, ADMINISTRATION OF MEDICATION, PERSONAL CARE, HOUSEKEEPING, NUTRITION COUNSELING, MENTAL HEALTH COUNSELING AND REFERRAL, AND RECREATIONAL ACTIVITIES. IN FOUR OF ITS BUILDINGS WSFSSH PROVIDES FULL CONGREGATE SERVICES INCLUDING THREE (CONTINUED) MEALS A DAY, SEVEN DAYS A WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul R Freitag Executive Director | Officer | 35 | $234,122 |
Nanda Win Treasurer/cfo | Officer | 35 | $177,254 |
Claire Hilger Coo/assist Secretary | Officer | 35 | $172,215 |
Sherron Cranmer Dir Of Social Service (outgoing) | 35 | $162,753 | |
Stephanie Green Chief Strategy Officer | 35 | $162,178 | |
Sandra Oreskovic Dir Of Human Resources | 35 | $154,305 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shakespeare Gordon Vlado Architects Pllc Architect Service | 6/29/21 | $345,332 |
Janian Medical Care Medical Services | 6/29/21 | $276,625 |
Eisneramper Llp Accounting Services | 6/29/21 | $155,500 |
Surface Design Consulting Llc Consulting And Architectural Services | 6/29/21 | $152,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,306,024 |
| Investment income | $1,778,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $159,000 |
| 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 | $41,412,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $831,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,968,285 |
| Pension plan accruals and contributions | $334,535 |
| Other employee benefits | $2,542,945 |
| Payroll taxes | $1,296,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,368 |
| Fees for services: Accounting | $198,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,250,411 |
| Advertising and promotion | $0 |
| Office expenses | $342,686 |
| Information technology | $392,489 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,181 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,049 |
| Interest | $1,486,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,126,633 |
| Insurance | $452,265 |
| All other expenses | $0 |
| Total functional expenses | $30,706,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,746,251 |
| Savings and temporary cash investments | $12,181,756 |
| Pledges and grants receivable | $6,974,554 |
| Accounts receivable, net | $21,306,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,431,953 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $673,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,801,313 |
| Intangible assets | $0 |
| Other assets | $12,608,731 |
| Total assets | $138,485,239 |
| Accounts payable and accrued expenses | $5,369,378 |
| Grants payable | $0 |
| Deferred revenue | $190,444 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $57,392,730 |
| Unsecured mortgages and notes payable | $3,250,832 |
| Other liabilities | $1,513,904 |
| Total liabilities | $67,717,288 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $70,767,951 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that West Side Federation For Senior Housing Inc has recieved totaling $302,178.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $250,000 |
Monderer Foundation Inc New York, NY PURPOSE: TO FUND THE RECIPIENT'S OPERATING BUDGET | $25,000 |
Foundation For Long Term Care Inc Latham, NY PURPOSE: PANDEMIC RELIEF FOR LONG TERM CARE | $18,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndc Housing And Economic Development Corporation Brooklyn, NY | $914,444,452 | $129,829,382 |
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |