Westmoreland Apartments Inc
Westmoreland Apartments Inc consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 10607464 · Huntington, WV · NTEE: L22 · Updated: 2026-03-28
Is Westmoreland Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westmoreland Apartments Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westmoreland Apartments Inc
Westmoreland Apartments Inc (EIN: 10607464) is a nonprofit organization based in Huntington, WV, classified under NTEE code L22. The organization reported total revenue of $130K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westmoreland Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Westmoreland Apartments Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Westmoreland Apartments Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is not paid to officers, which is a positive indicator for resource allocation.
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 Westmoreland Apartments Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across all reported periods.
- Declining asset base over time, from $2,586,111 in 201409 to $1,899,666 in 202309, indicating asset utilization to cover deficits.
Strengths
The following positive indicators were identified for Westmoreland Apartments Inc:
- Strong asset base relative to liabilities ($1,899,666 assets vs. $15,725 liabilities in 202309).
- Consistent 0% officer compensation, indicating efficient use of funds at the executive level.
- Long history of consistent IRS 990 filings (14 filings), demonstrating transparency.
Frequently Asked Questions about Westmoreland Apartments Inc
Is Westmoreland Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westmoreland Apartments Inc (EIN: 10607464) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Westmoreland Apartments Inc spend its money?
Westmoreland Apartments Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westmoreland Apartments Inc tax-deductible?
Westmoreland Apartments Inc is registered as a tax-exempt nonprofit (EIN: 10607464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Westmoreland Apartments Inc financially sustainable given its consistent deficits?
The organization has consistently reported expenses exceeding revenue, with a deficit of $77,987 in 202309. While it possesses substantial assets ($1,899,666 in 202309), this trend suggests a reliance on drawing down assets or other non-operating income to sustain operations, which may not be sustainable long-term without a change in funding strategy.
What is the primary source of funding for Westmoreland Apartments Inc?
The provided data indicates consistent revenue around $130,000-$140,000 annually. Given the NTEE code L22 (Housing Support), this revenue likely comes from rental income, government subsidies, or grants related to housing programs. However, the consistent deficits suggest that this revenue is insufficient to cover all expenses.
How does the organization manage to operate with consistent deficits?
The organization has significant assets, reported at $1,899,666 in 202309, and relatively low liabilities. It is likely covering its operational deficits by drawing from these assets, potentially through investment income or by liquidating portions of its holdings over time. This strategy is only viable as long as the asset base remains robust.
Filing History
IRS 990 filing history for Westmoreland Apartments Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Westmoreland Apartments Inc's revenue has grown by 494.3%, moving from $23K to $135K. Total assets decreased by 33.5% over the same period, from $2.9M to $1.9M. In its most recent filing year (2023), Westmoreland Apartments Inc reported a deficit of $78K, with expenses exceeding revenue. The organization holds $16K in liabilities against $1.9M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $135K | $213K | $1.9M | $16K | — | — |
| 2022 | $132K | $206K | $2.0M | $18K | — | View 990 |
| 2021 | $140K | $227K | $2.0M | $8K | — | View 990 |
| 2020 | $144K | $193K | $2.1M | $9K | — | — |
| 2019 | $120K | $172K | $2.2M | $17K | — | View 990 |
| 2018 | $96K | $184K | $2.3M | $36K | — | View 990 |
| 2017 | $88K | $186K | $2.3M | $19K | — | View 990 |
| 2016 | $70K | $152K | $2.4M | $20K | — | View 990 |
| 2015 | $60K | $145K | $2.5M | $11K | — | View 990 |
| 2014 | $67K | $128K | $2.6M | $9K | — | View 990 |
| 2013 | $65K | $127K | $2.7M | $18K | — | View 990 |
| 2012 | $-76,528 | $0 | $2.7M | $15K | — | View 990 |
| 2011 | $-73,597 | $0 | $2.8M | $3K | — | View 990 |
| 2010 | $23K | $0 | $2.9M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $135K, expenses of $213K, and assets of $1.9M (revenue +2.3% year-over-year).
- 2022: Revenue of $132K, expenses of $206K, and assets of $2.0M (revenue -5.4% year-over-year).
- 2021: Revenue of $140K, expenses of $227K, and assets of $2.0M (revenue -2.8% year-over-year).
- 2020: Revenue of $144K, expenses of $193K, and assets of $2.1M (revenue +19.6% year-over-year).
- 2019: Revenue of $120K, expenses of $172K, and assets of $2.2M (revenue +25.4% year-over-year).
- 2018: Revenue of $96K, expenses of $184K, and assets of $2.3M (revenue +9.6% year-over-year).
- 2017: Revenue of $88K, expenses of $186K, and assets of $2.3M (revenue +26.0% year-over-year).
- 2016: Revenue of $70K, expenses of $152K, and assets of $2.4M (revenue +16.3% year-over-year).
- 2015: Revenue of $60K, expenses of $145K, and assets of $2.5M (revenue -10.4% year-over-year).
- 2014: Revenue of $67K, expenses of $128K, and assets of $2.6M (revenue +2.9% year-over-year).
- 2013: Revenue of $65K, expenses of $127K, and assets of $2.7M.
- 2012: Revenue of $-76,528, expenses of $0, and assets of $2.7M.
- 2011: Revenue of $-73,597, expenses of $0, and assets of $2.8M (revenue -422.8% year-over-year).
- 2010: Revenue of $23K, expenses of $0, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Westmoreland Apartments 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.