Overview
What is The Webster Apartments?
The Webster Apartments is a nonprofit organization situated in Congers, New York, offering safe and affordable housing specifically for women engaged in full-time work, undergraduate or graduate studies, internships, training, or apprenticeships in New York City. Their mission is to provide a nurturing and welcoming environment for these women, offering them nutritious meals, comfortable surroundings, and the chance to connect with others. During fiscal year 2022, the organization entered into a contract to sell its current 13-story apartment building and began negotiations to lease a 48-room premises in Manhattan for use by its program participants starting in March 2023. The Webster Apartments employs 58 individuals and strives to enhance the well-being of women pursuing their goals in the bustling city.
Official website here: www.websterapartments.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Webster Apartments has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial integrity. With an overall score of 96%, the charity demonstrates effective governance, evidenced by its fully independent board and robust financial oversight mechanisms. This high rating highlights the organization’s transparency and dedication to responsible financial management.
Strengths of The Webster Apartments include a solid program expense ratio of 71.20%, indicating that a significant portion of its funds is allocated directly to programs rather than administrative costs. The organization also maintains a low liability-to-assets ratio of 4.13%, showcasing its financial stability. Additionally, the presence of comprehensive policies, such as conflict of interest and whistleblower policies, underscores the charity's commitment to ethical practices.
While the data reflects strong performance in accountability and finance, there are no specific user feedback or service-related insights available to fully assess the impact of its programs on the community. As such, while the financial management is impressive, further information on program outcomes and beneficiary experiences would provide a more comprehensive view of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Webster Apartments legitimate?
The Webster Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Webster Apartments 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: $292,478
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,632,371
For more financial information, click here
Official website here: www.websterapartments.org
What is the mission statement of The Webster Apartments?
The Webster Apartments aims to provide safe and affordable short-term accommodations specifically for women who are working, studying, interning, or training in various fields. The organization promotes a healthy and welcoming environment, offering nutritious meals, comfortable surroundings, and opportunities for connection with others. The mission of The Webster Apartments is to cater to the needs of these women, providing them with a supportive living space during their time in New York City. During fiscal year 2022, the organization entered into a contract to sell its current 13-story apartment building and began negotiations to lease a 48-room premise in Manhattan for use by its participants starting in March 2023.
Official website here: www.websterapartments.org
Who is the CEO of The Webster Apartments?
Siobhan Mcmanus is the President of The Webster Apartments.
Official website here: www.websterapartments.org
What is the revenue of The Webster Apartments?
The Webster Apartments's revenue in 2022 was $6,588,397.
Official website here: www.websterapartments.org
Who are the executives of The Webster Apartments and what are their salaries?
The average compensation at The Webster Apartments during 2022 was $33,187. There are 58 employees and 9 volunteers at The Webster Apartments.
Here are 13 key members and their salaries:
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- Compensation: $235,137
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- Other: $29,257
- Compensation: $143,716
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- Other: $15,248
- Compensation: $110,878
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- Other: $21,233
- Compensation: $105,443
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- Other: $18,274
Official website here: www.websterapartments.org
Where can I find the form 990 for The Webster Apartments?
The Webster Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.websterapartments.org
Learn more at the official website: www.websterapartments.org
Mission Statement of The Webster Apartments
The Webster Apartments, a nonprofit organization, is dedicated to providing a safe and affordable living space for women who are working, studying, interning, or training in New York City. The mission of this establishment is to create a nurturing environment that promotes well-being. It achieves this by offering nutritious meals, comfortable surroundings, and opportunities for social interaction. The Webster Apartments is an inclusive community, welcoming women who are full-time employees, enrolled in undergraduate or graduate programs at a college or university, or involved in internships, apprenticeships, fellowships, or clerkships. In fiscal year 2022, the organization entered into a contract to sell its current building and began negotiations to lease a 48-room premises in Manhattan for use by its participants, starting in March 2023.
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Impact
October, 2024
The Webster Apartments plays a crucial role in supporting women in their professional and educational endeavors in New York City. By providing safe and affordable short-term accommodations, it addresses a significant barrier that many women face: the high cost and lack of suitable housing in urban areas.
This organization specifically caters to women who are working full-time, studying at various educational institutions, or participating in internships and traineeships. The unique focus on women creates a supportive community that fosters camaraderie, empowerment, and networking opportunities among residents. The accommodations are designed to promote a healthy and welcoming environment, which includes nutritious meals and comfortable surroundings, contributing to the overall well-being of the women it serves.
With the recent transition to leasing a new 48-room premises in Manhattan, The Webster Apartments continues to adapt to the changing needs of its residents, ensuring that high-quality support is readily available. By facilitating access to safe housing, it not only aids individual women but also promotes their professional and academic success, ultimately benefiting the broader community and economy.
This information is meant to be a general summary of The Webster Apartments. 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: $27,381
- Program Service Revenue: $5,712,230
- Gross Receipts: $6,597,494
Assets and Liabilities:
- Total Assets: $14,551,827
- Total Liabilities: $1,164,428
- Net Assets: $13,387,399
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM AND BOARD
Revenue
$5,583,765
OTHER TENANT INCOME
Revenue
$121,320
EXTRA MEALS
Revenue
$7,145
Organization Details
Founding Year
1916
Phone
(212) 967-9000Principal Officer
Siobhan Mcmanus
Main Address
PO BOX 120, CONGERS, NY, 10920
Website
www.websterapartments.orgNTEE Category
Code: L820 - Housing
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