Overview
What is Westover Housing Associates Inc?
Westover Housing Associates Inc is a nonprofit organization situated in Arlington, Virginia, with a mission to aid in the development and operation of affordable, safe, and decent housing for individuals with low income. The organization supports the activities of AHC, Inc, another nonprofit, in fulfilling its exempt functions. Westover Housing Associates Inc strives to make housing more accessible and secure for those in financial need, contributing to the betterment of the community.
Official website here: www.ahcinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Westover Housing Associates Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance. The overall score is derived from a single beacon, highlighting the organization's commitment to transparency and responsible financial practices in its most recent fiscal year, FY2022.
The nonprofit boasts an impressive score of 81 in its Accountability & Finance category, with full points awarded for critical areas such as financial statements, conflict of interest policies, and its whistleblower policy. Additionally, the organization has demonstrated effective asset management with a low liabilities-to-assets ratio and a program expense ratio of 100%, indicating all its expenses are directed towards its programs.
While the rating is commendable, it is based solely on financial criteria, which may not fully capture other aspects of the organization's impact and effectiveness in its mission. Prospective donors and stakeholders may want to consider additional qualitative factors when evaluating Westover Housing Associates Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Westover Housing Associates Inc legitimate?
Westover Housing Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westover Housing Associates 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: $0
For more financial information, click here
Official website here: www.ahcinc.org
What is the mission statement of Westover Housing Associates Inc?
Westover Housing Associates Inc is a non-profit organization with a mission to aid in the development and operation of decent, safe, and affordable housing for individuals with low income. Established for charitable and educational purposes, the organization supports the exempt functions of AHC, Inc. Their primary goal is to contribute to providing suitable living spaces for those who may not otherwise have access to them due to financial constraints.
Official website here: www.ahcinc.org
What is the revenue of Westover Housing Associates Inc?
Westover Housing Associates Inc's revenue in 2023 was $3,084,962.
Official website here: www.ahcinc.org
Who are the executives of Westover Housing Associates Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $346,604
- Other: $20,307
- Compensation: $0
- Related: $161,530
- Other: $8,363
- Compensation: $0
- Related: $268,397
- Other: $33,849
- Compensation: $0
- Related: $195,474
- Other: $28,589
- Compensation: $0
- Related: $268,075
- Other: $36,348
- Compensation: $0
- Related: $129,813
- Other: $0
Official website here: www.ahcinc.org
Where can I find the form 990 for Westover Housing Associates Inc?
Westover Housing Associates Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ahcinc.org
Learn more at the official website: www.ahcinc.org
Mission Statement of Westover Housing Associates Inc
Westover Housing Associates Inc, established with charitable and educational purposes, is committed to assisting in the development and operations of decent, safe, and affordable housing for low-income individuals. The organization's mission is multifaceted, aiming to contribute positively to the community by supporting the activities of AHC, Inc, an exempt function. By focusing on affordable housing, Westover Housing Associates Inc seeks to provide a vital service, ensuring that individuals with limited financial resources have access to safe and decent living spaces. This mission is a testament to the organization's dedication to improving the living conditions of its community, prioritizing the needs of those who are most in need.
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Impact
July, 2024
Westover Housing Associates Inc's impact lies in its mission to assist in the development and operations of decent, safe, and affordable housing for low-income individuals. By providing support to AHC, Inc., the organization contributes to addressing the critical need for affordable housing in Arlington, VA. Through their charitable and educational efforts, Westover Housing Associates Inc plays a vital role in creating stable and secure housing options for those in need within the community.
This information is meant to be a general summary of Westover Housing Associates 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 2023.
- Program Service Revenue: $3,084,962
- Gross Receipts: $3,084,962
Assets and Liabilities:
- Total Assets: $3,443,207
- Total Liabilities: $244,662
- Net Assets: $3,198,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISTRIBUTION INCOME
Revenue
$2,510,259
INCOME FROM AFFILIATES
Revenue
$531,927
INVESTOR SERVICE FEES
Revenue
$42,776
Organization Details
Founding Year
1985
Principal Officer
Paul Bernard
Website
www.ahcinc.orgNTEE Category
Code: L20Z - Housing
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