The Webster Apartments
The Webster Apartments experienced a significant revenue surge in 2023 while maintaining zero officer compensation.
EIN: 135563411 · Congers, NY · NTEE: L820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $4.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $55.0M |
| Transparency Score | 92/100 |
Is The Webster Apartments Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Webster Apartments directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Webster Apartments
The Webster Apartments (EIN: 135563411) is a nonprofit organization based in Congers, NY, classified under NTEE code L820. The organization reported total revenue of $2.0M and total assets of $55.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Webster Apartments's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Webster Apartments is a mid-size nonprofit that has been operating for 102 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46.0M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$41.3M |
| Total Assets | $57.4M |
| Total Liabilities | $2.4M |
| Net Assets | $55.0M |
| Operating Margin | 89.7% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 145.6 months |
Financial Health Grade: A
In 2023, The Webster Apartments reported a surplus of $41.3M with revenue exceeding expenses, holds 145.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Webster Apartments's revenue has grown at a compound annual growth rate (CAGR) of 19.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +598.3% | -18.2% | +294.5% |
| 2022 | +74.2% | +23.2% | +2.1% |
| 2021 | -32.6% | -20.2% | -1.0% |
| 2020 | -28.8% | -13.5% | -3.5% |
| 2019 | -0.8% | -4.5% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1924 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Webster Apartments with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Webster Apartments allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with assets exceeding $50 million and annual revenues in the millions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Webster Apartments's IRS 990 filings:
- Unexplained massive revenue spike in 202309 without proportional expense increase, warranting further scrutiny.
- Consistent 0% officer compensation for an organization of this size and asset base is highly unusual and may indicate alternative compensation structures or reporting methods not immediately apparent.
Strengths
The following positive indicators were identified for The Webster Apartments:
- Strong financial health with substantial assets ($57,403,004 in 202309).
- Excellent spending efficiency, with expenses consistently well-covered by revenue.
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Consistent history of IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about The Webster Apartments
Is The Webster Apartments a legitimate charity?
The Webster Apartments (EIN: 135563411) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does The Webster Apartments spend its money?
The Webster Apartments directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Webster Apartments tax-deductible?
The Webster Apartments is registered as a tax-exempt nonprofit (EIN: 135563411). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Webster Apartments CEO make?
The Webster Apartments's highest-compensated officer earns $50 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Webster Apartments's spending goes to programs?
The Webster Apartments directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Webster Apartments compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Webster Apartments is above average for NTEE category L820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Webster Apartments located?
The Webster Apartments is headquartered in Congers, New York and files with the IRS under EIN 135563411. It is classified under NTEE code L820.
How many years of IRS 990 filings does The Webster Apartments have?
The Webster Apartments has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
What caused the significant revenue increase to $46,006,451 in the 202309 period?
The IRS 990 data alone does not specify the source of this substantial revenue increase. It could be due to a large one-time donation, a significant investment gain, or a change in the organization's operational model or funding streams. Further investigation into the detailed financial statements would be required.
How does The Webster Apartments manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated by a related entity, or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990 form. This is a rare practice for an organization of this size and asset base.
Is the organization's substantial asset base of $57,403,004 effectively utilized for its mission?
While the asset base is significant, the 990 data does not provide a detailed breakdown of how these assets are deployed. Given the NTEE code L820 (Residential Care & Housing Facilities), it's likely a substantial portion is in real estate or endowments supporting its housing mission. Further analysis of asset allocation would be beneficial.
Filing History
IRS 990 filing history for The Webster Apartments showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Webster Apartments's revenue has grown by 748.6%, moving from $5.4M to $46.0M. Total assets increased by 428.5% over the same period, from $10.9M to $57.4M. Total functional expenses fell by 9.5%, from $5.2M to $4.7M. In its most recent filing year (2023), The Webster Apartments reported a surplus of $41.3M, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $57.4M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $55.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46.0M | $4.7M | $57.4M | $2.4M | — | View 990 |
| 2022 | $6.6M | $5.8M | $14.6M | $1.2M | — | View 990 |
| 2021 | $3.8M | $4.7M | $14.3M | $1.8M | — | View 990 |
| 2020 | $5.6M | $5.9M | $14.4M | $1.6M | — | View 990 |
| 2019 | $7.9M | $6.8M | $14.9M | $1.5M | — | View 990 |
| 2018 | $8.0M | $7.1M | $14.3M | $1.6M | — | View 990 |
| 2017 | $7.8M | $7.2M | $13.7M | $1.2M | — | View 990 |
| 2016 | $7.3M | $7.1M | $13.8M | $2.8M | — | View 990 |
| 2015 | $6.7M | $6.8M | $13.0M | $2.6M | — | View 990 |
| 2014 | $6.8M | $6.2M | $13.5M | $1.5M | — | View 990 |
| 2013 | $6.9M | $5.6M | $12.7M | $1.6M | — | View 990 |
| 2012 | $6.9M | $5.2M | $12.0M | $2.7M | — | View 990 |
| 2011 | $5.4M | $5.2M | $10.9M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.0M, expenses of $4.7M, and assets of $57.4M (revenue +598.3% year-over-year).
- 2022: Revenue of $6.6M, expenses of $5.8M, and assets of $14.6M (revenue +74.2% year-over-year).
- 2021: Revenue of $3.8M, expenses of $4.7M, and assets of $14.3M (revenue -32.6% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.9M, and assets of $14.4M (revenue -28.8% year-over-year).
- 2019: Revenue of $7.9M, expenses of $6.8M, and assets of $14.9M (revenue -0.8% year-over-year).
- 2018: Revenue of $8.0M, expenses of $7.1M, and assets of $14.3M (revenue +2.4% year-over-year).
- 2017: Revenue of $7.8M, expenses of $7.2M, and assets of $13.7M (revenue +5.7% year-over-year).
- 2016: Revenue of $7.3M, expenses of $7.1M, and assets of $13.8M (revenue +9.1% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.8M, and assets of $13.0M (revenue -1.0% year-over-year).
- 2014: Revenue of $6.8M, expenses of $6.2M, and assets of $13.5M (revenue -1.0% year-over-year).
- 2013: Revenue of $6.9M, expenses of $5.6M, and assets of $12.7M (revenue +0.1% year-over-year).
- 2012: Revenue of $6.9M, expenses of $5.2M, and assets of $12.0M (revenue +26.6% year-over-year).
- 2011: Revenue of $5.4M, expenses of $5.2M, and assets of $10.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Webster Apartments:
Data Sources and Methodology
This transparency report for The Webster Apartments is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.