Overview
What is West Side Federation For Senior And Supportive Housing Inc?
The West Side Federation for Senior and Supportive Housing Inc is a New York-based nonprofit organization dedicated to developing and managing affordable housing for low-income, elderly, disabled, and homeless individuals. Founded in 1977, they have built close to 2,250 housing units across 30 buildings in Manhattan, Harlem, Chelsea, and the Bronx. Their projects vary in size, ranging from six to 309 units, and aim to provide safe, sustainable, and affordable housing. The organization's mission involves compassionate property management and on-site supportive social services, ensuring the dignity of each resident and enhancing community both inside and outside their buildings. Additionally, they strive to make all buildings as energy-efficient as possible. Currently, they are developing more affordable housing projects in Manhattan and the Bronx.
Official website here: www.wsfssh.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
West Side Federation For Senior And Supportive Housing Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored an impressive 100% in several key areas, indicating well-managed finances and a high level of oversight. This rating highlights the organization's transparency and effective governance practices, including a fully independent board and comprehensive policies in place.
The nonprofit demonstrates strong financial efficiency with a program expense ratio of 83.62%, meaning a significant portion of its expenditures directly support its mission. Additionally, the organization has shown no material diversion of assets, which further solidifies its reputation for responsible financial management. The presence of an audit and oversight committee is a critical asset that enhances its accountability mechanisms.
While the organization has received high marks across various metrics, there is no specific feedback available regarding the qualitative impact of its programs or community engagement. However, the strong financial ratios and governance structure suggest that West Side Federation For Senior And Supportive Housing Inc is well-positioned to serve its target population effectively.
This AI summary has been generated from information found on Charity Navigator.
Is West Side Federation For Senior And Supportive Housing Inc legitimate?
West Side Federation For Senior And Supportive Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Side Federation For Senior And Supportive Housing 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:
Executive Compensation: $880,199
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,727,936
For more financial information, click here
Official website here: www.wsfssh.org
What is the mission statement of West Side Federation For Senior And Supportive Housing Inc?
The West Side Federation for Senior and Supportive Housing Inc. is dedicated to developing, managing, and providing supportive services in housing for low-income, elderly, disabled, and homeless individuals. Their goal is to create safe, sustainable, and affordable housing that upholds the dignity of each resident and strengthens communities. Through compassionate property management and on-site social services, they aim to enhance the quality of life for their residents. Additionally, they strive to make all of their buildings as energy-efficient as possible and are currently working on several new affordable housing projects.
Official website here: www.wsfssh.org
Who is the CEO of West Side Federation For Senior And Supportive Housing Inc?
Nanda Win is the Director of West Side Federation For Senior And Supportive Housing Inc.
Official website here: www.wsfssh.org
What is the revenue of West Side Federation For Senior And Supportive Housing Inc?
West Side Federation For Senior And Supportive Housing Inc's revenue in 2022 was $49,426,493.
Official website here: www.wsfssh.org
Who are the executives of West Side Federation For Senior And Supportive Housing Inc and what are their salaries?
The average compensation at West Side Federation For Senior And Supportive Housing Inc during 2022 was $31,110. There are 566 employees and 30 volunteers at West Side Federation For Senior And Supportive Housing Inc.
Here are 18 key members and their salaries:
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- Compensation: $133,519
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- Other: $88,324
- Compensation: $152,937
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- Other: $8,967
Official website here: www.wsfssh.org
Where can I find the form 990 for West Side Federation For Senior And Supportive Housing Inc?
West Side Federation For Senior And Supportive Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wsfssh.org
Learn more at the official website: www.wsfssh.org
Mission Statement of West Side Federation For Senior And Supportive Housing Inc
The West Side Federation for Senior and Supportive Housing, Inc. is a dedicated organization that strives to develop, manage, and provide supportive services in housing for low-income, elderly, disabled, and homeless persons. Since its founding in 1977, this nonprofit has made significant strides in creating close to 2,250 units of housing in various buildings throughout New York City, including the Upper West Side of Manhattan, Harlem, Chelsea, and the Bronx. These housing projects encompass both new constructions and gut renovations, ranging from six to 309 units in size.
The primary goal of the West Side Federation for Senior and Supportive Housing, Inc. is to provide safe, sustainable, and affordable housing that upholds the dignity of each resident and enhances the community. This mission is accomplished through compassionate property management and the integration of on-site supportive social services. Moreover, the organization is committed to making all of its buildings as energy-efficient as possible. Currently, the West Side Federation for Senior and Supportive Housing, Inc. is working on several additional affordable housing projects in Manhattan and the Bronx.
By offering housing solutions and on-site support for vulnerable populations, the West Side Federation for Senior and Supportive Housing, Inc. plays a crucial role in creating stable living environments for those in need. Through its dedicated efforts, it empowers individuals to overcome challenges and build stronger, more self-sufficient lives.
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Impact
October, 2024
West Side Federation For Senior And Supportive Housing Inc (WSFSSH) significantly impacts the lives of low-income, elderly, disabled, and homeless individuals in New York City through its commitment to safe, sustainable, and affordable housing. Since its inception in 1977, WSFSSH has developed nearly 2,250 housing units across 30 buildings in areas such as the Upper West Side of Manhattan, Harlem, Chelsea, and the Bronx.
The organization focuses on both new constructions and gut renovations, ensuring a diverse range of living spaces that cater to the unique needs of vulnerable populations. By integrating compassionate property management with on-site supportive social services, WSFSSH not only provides shelter but also fosters a sense of dignity and community among its residents.
Moreover, WSFSSH is dedicated to enhancing environmental sustainability, working to make its buildings energy-efficient while also supporting the overall health of the community. Its ongoing efforts to develop additional affordable housing projects further demonstrate its commitment to addressing the housing needs of New York City's most marginalized individuals, thereby improving their quality of life and contributing positively to the broader community.
This information is meant to be a general summary of West Side Federation For Senior And Supportive Housing 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 2022.
- Investment Income: $541,991
- Program Service Revenue: $28,061,630
- Gross Receipts: $49,426,493
Assets and Liabilities:
- Total Assets: $148,749,426
- Total Liabilities: $66,548,967
- Net Assets: $82,200,459
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE INCOME
Revenue
$14,021,813
RENTAL INCOME
Revenue
$11,701,946
MANAGEMENT FEES
Revenue
$2,221,969
SERVICE CONTRACT OVERHEAD REVENUE
Revenue
$112,913
REFRIGERATION AND AIR CONDITIONIN
Revenue
$2,989
Organization Details
Founding Year
1977
Phone
(212) 721-6032Principal Officer
Nanda Win
Main Address
2345 BROADWAY, NEW YORK, NY, 10024
Website
www.wsfssh.orgNTEE Category
Code: L20Z - Housing
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