Overview
What is Westby Housing Associates Inc?
Westby Housing Associates Inc, located in La Crescent, Minnesota, is a dedicated nonprofit organization. Their primary mission is to offer housing solutions for the low-income elderly and handicapped population. They manage a 22-unit apartment building, ensuring that rents are subsidized through funding from the U.S. Department of Housing and Urban Development. This commitment to providing affordable housing for vulnerable groups is a testament to Westby Housing Associates Inc's dedication to upholding social responsibility and improving the quality of life for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Westby Housing Associates Inc has received a low rating of 58% from Charity Navigator, indicating significant concerns regarding its financial health and operational effectiveness. While the organization boasts strong accountability measures, including a fully independent board and comprehensive oversight practices, its financial metrics raise alarms, particularly a high liabilities-to-assets ratio, which suggests potential financial instability.
The organization has strengths in governance, with a 100% independent board and well-documented policies for conflict of interest and document retention. However, the program expense ratio of 56.61% indicates that a smaller portion of its resources are being allocated directly towards its mission-driven programs, which may impact its overall effectiveness in serving the community.
Despite the solid governance structure, the concerning financial ratios and low program expense ratio reflect challenges that could hinder Westby Housing Associates Inc's ability to operate sustainably and fulfill its mission effectively. Stakeholders should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Westby Housing Associates Inc legitimate?
Westby Housing Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westby Housing Associates Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Westby Housing Associates Inc?
Westby Housing Associates Inc is committed to providing housing for low-income elderly and handicapped populations. Their mission is clearly stated as providing suitable living accommodations for this specific group of individuals. The organization owns and operates a 22-unit housing apartment building, specifically designed for handicapped tenants. The rental costs for these residents are subsidized by the United States Department of Housing and Urban Development, ensuring that affordable housing remains accessible for those in need. By providing a safe and supportive living environment, Westby Housing Associates Inc strives to enhance the quality of life for its tenants, enabling them to live with dignity and independence.
Who is the CEO of Westby Housing Associates Inc?
Bing Zillmer is the President of Westby Housing Associates Inc.
What is the revenue of Westby Housing Associates Inc?
Westby Housing Associates Inc's revenue in 2023 was $1,693,930.
Who are the executives of Westby Housing Associates Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Westby Housing Associates Inc?
Westby Housing Associates Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Westby Housing Associates Inc
Westby Housing Associates Inc, a nonprofit organization, is committed to providing housing for a specific population. Their mission is to cater to the needs of the low-income elderly and handicapped individuals. This mission is carried out through the operation of a 22-unit housing apartment building, which offers subsidized housing to handicapped tenants. The United States Department of Housing and Urban Development supports the tenant rents, ensuring affordable housing for this vulnerable group. Westby Housing Associates Inc plays a significant role in providing a home for individuals who may face challenges in securing adequate housing due to their age or disability.
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Impact
July, 2024
Westby Housing Associates Inc provides essential housing solutions for low-income elderly and handicapped populations in La Crescent, MN. By owning and operating a 22-unit housing apartment building with subsidized rents, this organization offers much-needed affordable and accessible housing to individuals who may otherwise struggle to find suitable accommodations. The impact of Westby Housing Associates Inc is significant as it directly improves the quality of life for vulnerable community members by ensuring they have a safe and stable place to call home.
This information is meant to be a general summary of Westby Housing Associates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $583
- Program Service Revenue: $1,474,189
- Gross Receipts: $1,693,930
Assets and Liabilities:
- Total Assets: $3,862,431
- Total Liabilities: $5,685,184
- Net Assets: -$1,822,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$922,960
TENANT PORTION OF RENT
Revenue
$551,229
Organization Details
Founding Year
2001
Phone
(608) 784-1381Principal Officer
Bing Zillmer
Main Address
412 S 3RD STREET, LA CRESCENT, MN, 55947
NTEE Category
Code: L20 - Housing
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