Webster Apartments
- Assets
- $14.6m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 58
- Location
- Congers, NY
- Founding
- 11/1924
- Data as of
- 09/2022
- EIN
- 13-5563411
Organization Overview
Webster Apartments is located in Congers, NY. The organization was established in 1924. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Webster Apartments employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Webster Apartments 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 09/2022, Webster Apartments generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $5.8m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, AFFORDABLE SHORT-TERM ACCOMMODATIONS FOR WOMEN WORKING, TRAINING AND/OR STUDYING IN NEW YORK CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WEBSTER APARTMENTS OFFERS SAFE AND AFFORDABLE ACCOMMODATIONS SPECIFICALLY FOR WOMEN WHO ARE WORKING, STUDYING, INTERNING, OR TRAINING IN NEW YORK CITY. ONLY WOMEN WHO ARE WORKING FULL-TIME, ENROLLED IN AN UNDERGRADUATE OR GRADUATE PROGRAM AT A COLLEGE OR UNIVERSITY, TRADE, TECHNICAL OR OTHER SCHOOL PROGRAM; OR ARE WORKING FOR AN INTERNSHIP, TRAINEESHIP, FELLOWSHIP, OR CLERKSHIP ARE ELIGIBLE TENANTS OF THE APARTMENTS. DURING FISCAL YEAR 2022 THE ORGANIZATION ENTERED INTO A CONTRACT TO SELL THE CURRENT 13-STORY APARTMENT BUILDING, AND ENTERED INTO NEGOTIATIONS TO LEASE A 48-ROOM PREMESIS IN MANHATTAN FOR USE AND OCCUPANCY BY PARTICIPANTS IN ITS PROGRAMS STARTING IN MARCH 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siobhan Mcmanus Executive Director | Officer | 40 | $235,137 |
Robert N Metcalfe Director Of Security & Hr | 40 | $143,716 | |
John A Rich Facilities Manager | 40 | $110,878 | |
Tara Scott Director Guest Services | 40 | $105,443 | |
Roy J Bernstein President | OfficerTrustee | 3 | $0 |
Steven Gyory Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Food Services | 9/29/22 | $203,988 |
Doyle Security Services Inc Security Services | 9/29/22 | $178,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $846,865 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,365 |
| Total Program Service Revenue | $5,712,230 |
| Investment income | $27,381 |
| 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 | $1,421 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,588,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $292,478 |
| Compensation of current officers, directors, key employees. | $292,478 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,632,371 |
| Pension plan accruals and contributions | $222,876 |
| Other employee benefits | $233,724 |
| Payroll taxes | $232,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,668 |
| Fees for services: Accounting | $72,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,948 |
| Fees for services: Other | $619,474 |
| Advertising and promotion | $63,518 |
| Office expenses | $292,101 |
| Information technology | $155,243 |
| Royalties | $0 |
| Occupancy | $627,540 |
| Travel | $8,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,977 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,138 |
| Insurance | $56,247 |
| All other expenses | $19,781 |
| Total functional expenses | $5,787,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,734 |
| Savings and temporary cash investments | $5,054,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,757 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,982 |
| Prepaid expenses and deferred charges | $79,952 |
| Net Land, buildings, and equipment | $8,371,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,174 |
| Other assets | $4,815 |
| Total assets | $14,551,827 |
| Accounts payable and accrued expenses | $574,900 |
| Grants payable | $0 |
| Deferred revenue | $316,377 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $273,151 |
| Total liabilities | $1,164,428 |
| Net assets without donor restrictions | $13,387,399 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,551,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Coordinating Agency Of Philadelphia Inc Philadelhia, PA | $4,156,870 | $17,660,591 |
Green Energy Consumers Alliance Inc Jamaica Plain, MA | $5,258,503 | $8,625,489 |
Capital For Change Inc Wallingford, CT | $69,646,827 | $10,335,539 |
Operation Fuel Inc Hartford, CT | $2,801,976 | $6,597,042 |
Bclf Ventures Inc Boston, MA | $107,589,450 | $9,107,552 |
Webster Apartments Congers, NY | $14,551,827 | $6,588,397 |
Utility Emergency Services Fund Philadelphia, PA | $5,623,500 | $5,804,088 |
Rental Assistance Corporation Of Buffalo Buffalo, NY | $7,021,377 | $3,957,549 |
Westside Ministries Inc Buffalo, NY | $1,861,315 | $3,049,976 |
Niagara Falls Neighborhood Housing Services Inc Niagara Falls, NY | $3,221,959 | $1,818,977 |
Neighborhood Housing Service Of New Britain Inc New Britain, CT | $9,799,451 | $3,488,244 |
Northfield Community Ldc Of Staten Island Inc Staten Island, NY | $972,612 | $2,043,555 |