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Westfield Towers Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300542003 ✦ Sharon, PA ✦ Designated as a 501(c)(3)

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Overview

What is Westfield Towers Inc?

Westfield Towers Inc is a nonprofit organization situated in Sharon, Pennsylvania, dedicated to providing affordable housing for elderly individuals and those with disabilities whose income falls below 50% of the median income. Their mission is centered around offering specialized housing facilities and services tailored to meet the physical, social, and psychological needs of these individuals, aiming to enhance their health, security, happiness, and overall usefulness in extended living. The organization's primary activity includes operating a 40-unit apartment complex, ensuring that older adults have a suitable living environment.


Official website here: www.capmercer.org

Is Westfield Towers Inc legitimate?

Westfield Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westfield Towers 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,067

For more financial information, click here


Official website here: www.capmercer.org

What is the mission statement of Westfield Towers Inc?

Westfield Towers Inc's mission is centered around providing specialized housing and services tailored to the physical, social, and psychological needs of elderly and handicapped individuals. The organization aims to enhance their health, security, happiness, and overall usefulness in longer living. By operating a 40-unit apartment complex, Westfield Towers Inc offers affordable housing for elderly individuals whose income falls below 50% of the median income. This living arrangement enables older adults to maintain their independence while benefiting from support services that foster their well-being.


Official website here: www.capmercer.org

Who is the CEO of Westfield Towers Inc?

Bob Lucas is the Vice-President of Westfield Towers Inc. The CEO's salary of Westfield Towers Inc is $0 and their total compensation is $119,108.


Official website here: www.capmercer.org

What is the revenue of Westfield Towers Inc?

Westfield Towers Inc's revenue in 2023 was $224,703.


Official website here: www.capmercer.org

Who are the executives of Westfield Towers Inc and what are their salaries?


Here are 6 key members and their salaries (Westfield Towers Inc's CEO's salary is $0 and their total compensation is $119,108):


Karen Winner Sed (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fran Billen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Nathan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Lucas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilma Torres (Ceo)
  • Compensation: $0
  • Related: $102,515
  • Other: $16,593
Michelle Clarke (Cfo)
  • Compensation: $0
  • Related: $61,909
  • Other: $9,272


Official website here: www.capmercer.org

Where can I find the form 990 for Westfield Towers Inc?

Westfield Towers Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.capmercer.org

Learn more at the official website: www.capmercer.org

Mission Statement of Westfield Towers Inc

Westfield Towers Inc, a nonprofit organization, is dedicated to providing a sanctuary for elderly individuals and those with disabilities. Their mission is to offer housing facilities and services specifically tailored to meet the physical, social, and psychological needs of these individuals. The aim is to promote their health, security, happiness, and usefulness in prolonged living. By operating a 40-unit apartment complex for elderly individuals whose incomes are at or below 50% of the median income, Westfield Towers Inc provides an affordable housing solution for older adults. This initiative allows senior citizens and individuals with disabilities to live in an environment that caters to their unique needs, fostering a sense of community and well-being.

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Impact




October, 2024

Westfield Towers Inc has a significant impact on the community by providing affordable housing options specifically tailored for elderly and handicapped individuals. Operating a 40-unit apartment complex in Sharon, PA, the organization addresses the critical need for accessible living environments for those with limited incomes, particularly individuals earning at or below 50 percent of the median income.

By offering housing facilities and services designed to meet the unique physical, social, and psychological needs of its residents, Westfield Towers fosters a supportive environment that promotes health, security, and happiness. This allows residents to maintain their independence while also receiving the necessary assistance to enhance their quality of life. Consequently, Westfield Towers Inc plays a vital role in improving the overall well-being of vulnerable populations, ensuring they have a safe and nurturing place to live.




This information is meant to be a general summary of Westfield Towers 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.

Revenue
$224,703 (2023)
Expenses
$366,125 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $154
  • Program Service Revenue: $223,320
  • Gross Receipts: $224,703

Assets and Liabilities:

  • Total Assets: $4,299,412
  • Total Liabilities: $5,800,842
  • Net Assets: -$1,501,430

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT REVENUE

Revenue

$207,802

TENANT ASSISTANCE PAYM

Revenue

$30,878

LAUNDRY/VENDING

Revenue

$2,590

VACANCIES

Revenue

-$17,950

Organization Details

Founding Year

2009

Principal Officer

Bob Lucas

Main Address

75 SOUTH DOCK ST, SHARON, PA, 16146

NTEE Category

Code: L22 - Housing

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