West Side Federation For Senior Housing Inc
West Side Federation For Senior Housing Inc maintains substantial assets and reports no officer compensation, despite a recent operating deficit.
EIN: 132926433 · New York, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35.3M |
| Total Expenses | $38.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $35 |
| Net Assets | $78.9M |
| Transparency Score | 90/100 |
Is West Side Federation For Senior Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
West Side Federation For Senior Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About West Side Federation For Senior Housing Inc
West Side Federation For Senior Housing Inc (EIN: 132926433) is a nonprofit organization based in New York, NY, classified under NTEE code L20Z. The organization reported total revenue of $35.3M and total assets of $149.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of West Side Federation For Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
West Side Federation For Senior Housing Inc is a large nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.2M |
| Total Expenses | $38.5M |
| Surplus / Deficit | $-3,291,487 |
| Total Assets | $149.5M |
| Total Liabilities | $70.5M |
| Net Assets | $78.9M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 47.2% |
| Months of Reserves | 46.6 months |
Financial Health Grade: B
In 2023, West Side Federation For Senior Housing Inc reported a deficit of $3.3M with expenses exceeding revenue, holds 46.6 months of operating reserves (strong position), has a debt-to-asset ratio of 47.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), West Side Federation For Senior Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.8% | +10.4% | +0.5% |
| 2022 | +62.8% | +3.9% | +8.4% |
| 2021 | -26.7% | +9.1% | -0.9% |
| 2020 | -5.5% | +11.3% | +13.1% |
| 2019 | +26.5% | +7.6% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 West Side Federation For Senior Housing Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, West Side Federation For Senior Housing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $3.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size ($35 million in revenue, $149 million in assets) and suggests a strong dedication to mission-focused spending.
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 West Side Federation For Senior Housing Inc's IRS 990 filings:
- Operating deficit in the latest fiscal period (Expenses $38.4M > Revenue $35.1M)
Strengths
The following positive indicators were identified for West Side Federation For Senior Housing Inc:
- Significant asset growth over the past decade (from $48.2M to $149M)
- Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus
- Clear alignment of NTEE code (L20Z - Housing for the Elderly) with organizational name and mission
- Consistent IRS 990 filing history (13 filings) demonstrating transparency and compliance
Frequently Asked Questions about West Side Federation For Senior Housing Inc
Is West Side Federation For Senior Housing Inc a legitimate charity?
West Side Federation For Senior Housing Inc (EIN: 132926433) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $35.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does West Side Federation For Senior Housing Inc spend its money?
West Side Federation For Senior Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to West Side Federation For Senior Housing Inc tax-deductible?
West Side Federation For Senior Housing Inc is registered as a tax-exempt nonprofit (EIN: 132926433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the West Side Federation For Senior Housing Inc CEO make?
West Side Federation For Senior Housing Inc's highest-compensated officer earns $35 annually. The organization reported $35.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of West Side Federation For Senior Housing Inc's spending goes to programs?
West Side Federation For Senior Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does West Side Federation For Senior Housing Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), West Side Federation For Senior Housing Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is West Side Federation For Senior Housing Inc located?
West Side Federation For Senior Housing Inc is headquartered in New York, New York and files with the IRS under EIN 132926433. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does West Side Federation For Senior Housing Inc have?
West Side Federation For Senior Housing Inc 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 $35.3M in total revenue.
Is West Side Federation For Senior Housing Inc a good charity?
Based on the available data, WSFSH appears to be a good charity. It has a strong asset base ($149 million), a clear mission (housing for seniors), and a remarkable record of reporting 0% officer compensation, suggesting high efficiency in directing funds to its programs. While the latest filing shows an operating deficit, its overall financial health and transparency are strong.
How has the organization's financial stability changed over the last decade?
WSFSH has shown significant growth in financial stability over the last decade. Its assets have more than tripled from $48.2 million in 2014 to $149 million in 2023, indicating substantial growth and investment in its mission.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It means that no salaries, bonuses, or other compensation were paid to the organization's top leadership, which is rare for an organization of this scale and suggests an exceptional commitment to minimizing overhead and maximizing resources for programmatic activities.
Filing History
IRS 990 filing history for West Side Federation For Senior Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), West Side Federation For Senior Housing Inc's revenue has grown by 89.1%, moving from $18.6M to $35.2M. Total assets increased by 330.9% over the same period, from $34.7M to $149.5M. Total functional expenses rose by 114.7%, from $17.9M to $38.5M. In its most recent filing year (2023), West Side Federation For Senior Housing Inc reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $70.5M in liabilities against $149.5M in assets (debt-to-asset ratio: 47.2%), resulting in net assets of $78.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.2M | $38.5M | $149.5M | $70.5M | — | View 990 |
| 2022 | $49.4M | $34.8M | $148.7M | $66.5M | — | View 990 |
| 2021 | $30.4M | $33.5M | $137.2M | $69.6M | — | — |
| 2020 | $41.4M | $30.7M | $138.5M | $67.7M | — | View 990 |
| 2019 | $43.8M | $27.6M | $122.4M | $62.2M | — | View 990 |
| 2018 | $34.7M | $25.6M | $106.9M | $62.6M | — | View 990 |
| 2017 | $27.5M | $21.3M | $56.6M | $21.1M | — | View 990 |
| 2016 | $21.5M | $21.7M | $50.6M | $21.2M | — | View 990 |
| 2015 | $20.5M | $20.2M | $48.3M | $18.7M | — | View 990 |
| 2014 | $20.9M | $19.6M | $48.3M | $19.2M | — | View 990 |
| 2013 | $22.6M | $18.7M | $46.7M | $19.1M | — | View 990 |
| 2012 | $27.6M | $18.5M | $43.2M | $20.0M | — | View 990 |
| 2011 | $18.6M | $17.9M | $34.7M | $18.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.2M, expenses of $38.5M, and assets of $149.5M (revenue -28.8% year-over-year).
- 2022: Revenue of $49.4M, expenses of $34.8M, and assets of $148.7M (revenue +62.8% year-over-year).
- 2021: Revenue of $30.4M, expenses of $33.5M, and assets of $137.2M (revenue -26.7% year-over-year).
- 2020: Revenue of $41.4M, expenses of $30.7M, and assets of $138.5M (revenue -5.5% year-over-year).
- 2019: Revenue of $43.8M, expenses of $27.6M, and assets of $122.4M (revenue +26.5% year-over-year).
- 2018: Revenue of $34.7M, expenses of $25.6M, and assets of $106.9M (revenue +25.9% year-over-year).
- 2017: Revenue of $27.5M, expenses of $21.3M, and assets of $56.6M (revenue +28.1% year-over-year).
- 2016: Revenue of $21.5M, expenses of $21.7M, and assets of $50.6M (revenue +4.9% year-over-year).
- 2015: Revenue of $20.5M, expenses of $20.2M, and assets of $48.3M (revenue -1.9% year-over-year).
- 2014: Revenue of $20.9M, expenses of $19.6M, and assets of $48.3M (revenue -7.4% year-over-year).
- 2013: Revenue of $22.6M, expenses of $18.7M, and assets of $46.7M (revenue -18.4% year-over-year).
- 2012: Revenue of $27.6M, expenses of $18.5M, and assets of $43.2M (revenue +48.6% year-over-year).
- 2011: Revenue of $18.6M, expenses of $17.9M, and assets of $34.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for West Side Federation For Senior Housing Inc:
Data Sources and Methodology
This transparency report for West Side Federation For Senior Housing Inc 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.