AI Transparency Report
Westbrook Development Corporation demonstrates strong financial growth and efficiency based on its recent IRS 990 filings. The organization has consistently increased its revenue and assets over the past several years, with revenue growing from $613,507 in 2019 to $1,973,842 in 2023. This growth is accompanied by a healthy expense ratio; for example, in 2023, expenses were $684,863 against revenue of $1,973,842, indicating a significant surplus that contributes to asset accumulation. The organization's assets have also seen substantial growth, from $2,730,455 in 2019 to $6,166,663 in 2023, suggesting effective financial management and reinvestment.
The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive salaries. This practice, combined with a clear trend of increasing assets and controlled liabilities, paints a picture of a financially sound and well-managed nonprofit. The organization's ability to generate significant surpluses year over year, particularly in recent periods, positions it well for future program expansion and impact.