Westside Affordable Housing Inc
Westside Affordable Housing Inc. faces financial instability with liabilities exceeding assets in 2023 and volatile revenue streams.
EIN: 20567158 · Atlanta, GA · NTEE: L20 · Updated: 2026-03-28
Is Westside Affordable Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westside Affordable Housing Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Westside Affordable Housing Inc
Westside Affordable Housing Inc (EIN: 20567158) is a nonprofit organization based in Atlanta, GA, classified under NTEE code L20. The organization reported total revenue of $626K and total assets of $37.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westside Affordable Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westside Affordable Housing Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $459K |
| Surplus / Deficit | $-395,160 |
| Total Assets | $38.8M |
| Total Liabilities | $40K |
| Net Assets | $38.7M |
| Operating Margin | -622.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 1014.0 months |
Financial Health Grade: B
In 2023, Westside Affordable Housing Inc reported a deficit of $395K with expenses exceeding revenue, holds 1014.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Westside Affordable Housing Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.2% | +171.1% | -0.9% |
| 2022 | +1111.6% | +81.1% | +1.0% |
| 2021 | -92.4% | +34.0% | -0.1% |
| 2020 | +757.3% | -29.1% | +0.5% |
| 2019 | +51.1% | +7.9% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Westside Affordable Housing Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Westside Affordable Housing Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $395K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or that executive salaries are categorized differently, which would require further investigation to fully understand the organization's operational costs.
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 Westside Affordable Housing Inc's IRS 990 filings:
- Liabilities ($39,639,000) exceeded assets ($38,754,920) in 2023, indicating potential insolvency.
- Significant operational deficits in multiple years (e.g., 2023 expenses $458,649 vs. revenue $63,489; 2016 expenses $247,293 vs. revenue $15,660).
- Highly volatile revenue streams make financial planning and sustainability challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data hinders full efficiency assessment.
- Unclear how the organization consistently covers operational deficits without reported officer compensation, raising questions about expense categorization.
Strengths
The following positive indicators were identified for Westside Affordable Housing Inc:
- Maintains a substantial asset base (consistently over $37 million) which provides a strong foundation for its mission.
- Consistent reporting of 0% officer compensation suggests a lean executive structure or volunteer leadership.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
- Focus on affordable housing (NTEE L20) addresses a critical community need.
Frequently Asked Questions about Westside Affordable Housing Inc
Is Westside Affordable Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westside Affordable Housing Inc (EIN: 20567158) some concerns. Mission Score: 55/100. 5 red flags identified, 4 strengths noted.
How does Westside Affordable Housing Inc spend its money?
Westside Affordable Housing Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westside Affordable Housing Inc tax-deductible?
Westside Affordable Housing Inc is registered as a tax-exempt nonprofit (EIN: 20567158). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Westside Affordable Housing Inc. cover its operational deficits when expenses exceed revenue, as seen in 2023 ($458,649 expenses vs. $63,489 revenue)?
The organization likely draws from its substantial asset base or relies on other non-operating income sources not detailed in the summary, given its consistent asset levels despite operational losses in several years. However, the 2023 filing shows liabilities exceeding assets, indicating a potential reliance on debt or specific asset classifications that are offset by liabilities.
What is the nature of the significant liabilities reported in 2023 ($39,639,000) that now exceed the organization's assets ($38,754,920)?
Without further detail from the full 990, it's difficult to pinpoint the exact nature. Given the NTEE code (L20 - Housing Development, Construction & Management), these liabilities could be related to mortgages, construction loans, or other debt associated with its affordable housing properties. This is a critical area for further investigation as it impacts the organization's solvency.
How does the organization sustain its mission with such volatile revenue streams, ranging from $15,660 to over $2 million in different years?
The organization's ability to maintain a large asset base despite revenue volatility suggests that its core operations might be supported by long-term investments, grants, or specific project funding that doesn't always manifest as consistent annual operating revenue. However, the operational deficits indicate a challenge in covering day-to-day expenses through earned income.
What specific programs does Westside Affordable Housing Inc. operate, and how are they funded?
The provided data does not detail specific programs or their funding mechanisms. Given its NTEE code, it likely focuses on developing, constructing, or managing affordable housing units. A full 990 would provide details on program service accomplishments and related expenses.
Is the consistent 0% officer compensation indicative of a fully volunteer-run executive team, or are executive salaries reported under other expense categories?
While it could indicate a volunteer-led executive team, it's also possible that executive compensation is included within broader administrative or program expense categories. A review of the full 990, specifically Part VII (Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors), would clarify this.
Filing History
IRS 990 filing history for Westside Affordable Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Westside Affordable Housing Inc's revenue has declined by 95.9%, moving from $1.6M to $63K. Total assets increased by 37.3% over the same period, from $28.2M to $38.8M. Total functional expenses fell by 48.9%, from $897K to $459K. In its most recent filing year (2023), Westside Affordable Housing Inc reported a deficit of $395K, with expenses exceeding revenue. The organization holds $40K in liabilities against $38.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $38.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $459K | $38.8M | $40K | — | View 990 |
| 2022 | $724K | $169K | $39.1M | $2K | — | View 990 |
| 2021 | $60K | $93K | $38.7M | $5K | — | — |
| 2020 | $789K | $70K | $38.8M | $13K | — | View 990 |
| 2019 | $92K | $98K | $38.6M | $17K | — | View 990 |
| 2018 | $61K | $91K | $38.6M | $4K | — | View 990 |
| 2017 | $1.5M | $134K | $38.6M | $6K | — | View 990 |
| 2016 | $16K | $247K | $38.3M | $2.8M | — | View 990 |
| 2015 | $37K | $241K | $38.6M | $2.8M | — | View 990 |
| 2014 | $2.0M | $63K | $38.7M | $2.8M | — | View 990 |
| 2013 | $5.7M | $90K | $36.8M | $2.5M | — | View 990 |
| 2012 | $3.1M | $112K | $30.1M | $1.3M | — | View 990 |
| 2011 | $1.6M | $897K | $28.2M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $459K, and assets of $38.8M (revenue -91.2% year-over-year).
- 2022: Revenue of $724K, expenses of $169K, and assets of $39.1M (revenue +1111.6% year-over-year).
- 2021: Revenue of $60K, expenses of $93K, and assets of $38.7M (revenue -92.4% year-over-year).
- 2020: Revenue of $789K, expenses of $70K, and assets of $38.8M (revenue +757.3% year-over-year).
- 2019: Revenue of $92K, expenses of $98K, and assets of $38.6M (revenue +51.1% year-over-year).
- 2018: Revenue of $61K, expenses of $91K, and assets of $38.6M (revenue -96.0% year-over-year).
- 2017: Revenue of $1.5M, expenses of $134K, and assets of $38.6M (revenue +9543.9% year-over-year).
- 2016: Revenue of $16K, expenses of $247K, and assets of $38.3M (revenue -57.2% year-over-year).
- 2015: Revenue of $37K, expenses of $241K, and assets of $38.6M (revenue -98.2% year-over-year).
- 2014: Revenue of $2.0M, expenses of $63K, and assets of $38.7M (revenue -64.3% year-over-year).
- 2013: Revenue of $5.7M, expenses of $90K, and assets of $36.8M (revenue +80.2% year-over-year).
- 2012: Revenue of $3.1M, expenses of $112K, and assets of $30.1M (revenue +101.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $897K, and assets of $28.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westside Affordable Housing Inc:
Data Sources and Methodology
This transparency report for Westside Affordable 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.