Overview
What is Westwood Senior Housing Corp?
Westwood Senior Housing Corp is a dedicated nonprofit organization situated in Westwood, New Jersey. Its primary mission is to offer affordable housing solutions for the elderly community, providing them with suitable living arrangements. With a capacity of 183 units, this organization has become a vital resource for senior adults in need of care and support. The nonprofit's activities are centered around providing senior care options, ensuring that elderly adults in the area have access to comfortable and affordable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Westwood Senior Housing Corp has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization demonstrates strong governance practices with a fully independent board and robust financial oversight, achieving perfect scores in areas such as board independence and audit financial statements. The high program expense ratio of 93.24% signifies that a substantial portion of its expenditures is directed towards its mission-related programs.
While the nonprofit shows solid strengths in governance and financial management, it has a notable weakness with a liabilities to assets ratio of 70.84%, which could raise concerns regarding its financial stability. This indicates that the organization may have a significant amount of debt relative to its assets. However, the absence of material diversion of assets and a clear conflict of interest policy contribute positively to its credibility.
Overall, Westwood Senior Housing Corp is positioned as a responsible organization with strong financial practices and governance, though stakeholders should remain mindful of its liabilities. The commitment to transparency and accountability reflects positively on its mission and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Westwood Senior Housing Corp legitimate?
Westwood Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westwood Senior Housing Corp 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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Other Salaries and Wages: $538,203
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What is the mission statement of Westwood Senior Housing Corp?
Westwood Senior Housing Corp is dedicated to providing housing solutions for the elderly. As a Low Income-Affordable housing community, it offers senior care options, catering to the needs of elderly adults. Its mission is to create an environment where elderly individuals can reside comfortably, ensuring access to essential services and support. The corporation aims to promote independence and quality of life for its elderly residents, fostering a sense of community and well-being.
Who is the CEO of Westwood Senior Housing Corp?
Paul Viapiano is the Trustee of Westwood Senior Housing Corp.
What is the revenue of Westwood Senior Housing Corp?
Westwood Senior Housing Corp's revenue in 2022 was $3,646,376.
Who are the executives of Westwood Senior Housing Corp and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Westwood Senior Housing Corp?
Westwood Senior Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westwood Senior Housing Corp
Westwood Senior Housing Corp, as its mission states, is dedicated to providing housing for elderly adults. This nonprofit organization offers a 183-unit Low Income-Affordable housing community, serving as a senior care option in Westwood, New Jersey. Westwood Senior Housing Corp strives to cater to the needs of elderly adults, offering them a community where they can reside comfortably and securely.
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Impact
October, 2024
Westwood Senior Housing Corp significantly contributes to the well-being of elderly adults in Westwood, New Jersey, by providing essential low-income affordable housing. With 183 units dedicated to senior living, it offers a safe and supportive environment for seniors who may face financial challenges. The organization plays a pivotal role in addressing the housing needs of the elderly population, ensuring they have access to suitable, secure, and affordable living arrangements. By focusing on the unique requirements of older adults, Westwood Senior Housing fosters community engagement, enhances quality of life, and provides vital support options tailored to senior care. This initiative not only alleviates housing insecurity but also promotes a sense of community among residents, allowing them to age with dignity and support.
This information is meant to be a general summary of Westwood Senior Housing Corp. 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: $3,924
- Program Service Revenue: $736,206
- Gross Receipts: $3,646,376
Assets and Liabilities:
- Total Assets: $6,597,349
- Total Liabilities: $5,742,428
- Net Assets: $854,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$735,358
MISC. REVENUE
Revenue
$680
LAUNDRY REVENUE
Revenue
$168
Organization Details
Founding Year
1977
Phone
(201) 666-1778Principal Officer
Paul Viapiano
Main Address
100 MADISON AVENUE, WESTWOOD, NJ, 07675
NTEE Category
Code: L21Z - Housing
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