Overview
What is Westward Development Inc?
Westward Development Inc, headquartered unspecified, is a nonprofit organization dedicated to delivering subsidized housing solutions for the elderly and handicapped. Under the framework of Section 202 of the National Housing Act, they manage 63 units to cater to this specific demographic, ensuring affordable housing is accessible to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Westward Development Inc has received a Two-Star rating from Charity Navigator, indicating that the organization has room for improvement in its overall accountability and financial practices. While it demonstrates strong governance through 100% independent board members and a solid program expense ratio of 78.52%, concerns arise from the high liabilities to assets ratio of 188.51%, which may indicate financial instability.
The organization has a robust oversight committee with well-documented board meeting minutes and no material diversion of assets, showcasing positive stewardship of resources. However, the absence of crucial policies such as a conflict of interest policy and a whistleblower policy raises flags about its governance practices. Additionally, the lack of publicly available tax documents might limit transparency for potential donors.
In summary, while Westward Development Inc shows strengths in board independence and program spending, the organization needs to address its financial liabilities and enhance its governance policies to improve its overall rating and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Westward Development Inc legitimate?
Westward Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westward Development 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: $95,335
For more financial information, click here
What is the mission statement of Westward Development Inc?
Westward Development Inc, as part of its mission, operates 63 units under Section 202 of the National Housing Act. Their primary objective is to provide subsidized housing for the elderly and handicapped individuals. This non-profit organization is committed to enhancing the living conditions of these vulnerable groups, offering them a safe and affordable housing solution. Westward Development Inc's efforts contribute to fostering a sense of community and independence for the elderly and handicapped individuals residing in their units.
Who is the CEO of Westward Development Inc?
Stan Troeh is the President of Westward Development Inc.
What is the revenue of Westward Development Inc?
Westward Development Inc's revenue in 2022 was $524,509.
Who are the executives of Westward Development Inc and what are their salaries?
The average compensation at Westward Development Inc during 2022 was $47,668. There are 2 employees at Westward Development Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Westward Development Inc?
Westward Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westward Development Inc
Westward Development Inc, as a nonprofit organization, is dedicated to providing subsidized housing for the elderly and handicapped. Operating under section 202 of the National Housing Act, this mission is carried out through the management of 63 units. Westward Development's primary goal is to offer a supportive living environment for individuals who may face challenges in securing adequate housing due to their age or disability. By providing subsidized housing, the organization aims to enhance the quality of life for these vulnerable individuals, ensuring they can live with dignity and independence.
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Impact
July, 2024
Westward Development Inc provides a vital service by offering subsidized housing for the elderly and handicapped. With 63 units operating under section 202 of the national housing act, their impact is significant in providing affordable and safe housing options for a vulnerable population in Lees Summit, MO. This enables seniors and individuals with disabilities to access a comfortable living environment, improving their quality of life and overall well-being.
This information is meant to be a general summary of Westward Development 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: $3
- Program Service Revenue: $524,506
- Gross Receipts: $524,509
Assets and Liabilities:
- Total Assets: $287,889
- Total Liabilities: $542,705
- Net Assets: -$254,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENT
Revenue
$304,008
RENTAL INCOME
Revenue
$190,224
OTHER REVENUE
Revenue
$30,838
LAUNDRY AND VENDING
Revenue
$5,028
TENANT CHARGES
Revenue
$1,173
Organization Details
Phone
(816) 373-8400Principal Officer
Stan Troeh
Main Address
1201 NE WINDSOR DRIVE, LEES SUMMIT, MO, 64086
NTEE Category
Code: L21 - Housing
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