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Nonprofiteer
← WESTCHESTER RESIDENTIAL OPPORTUNITIES INC

Form 990 for tax year 2023

Filed by WESTCHESTER RESIDENTIAL OPPORTUNITIES INC.

Totals

Total revenue
$4,786,666
Total expenses
$4,062,671
Contributions and grants received
$3,851,749
Grants paid
$1,163,882
Program service revenue
$825,318
Investment income
$135,448
Other revenue
-$25,849
Total assets, end of year
$6,140,655
Total liabilities, end of year
$1,297,432
Net assets or fund balances, end of year
$4,843,223
Program services expenses (Part IX)
$3,432,466
Management and general expenses
$499,984
Fundraising expenses
$130,221
Program service expenses (Part III)
$3,432,466

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $120,921

  • 1e · Government grants (contributions)

    $3,197,123

  • 1f · All other contributions, gifts and grants

    $533,705

  • 2a · Program service revenue: PROGRAM FEES

    total $447,775 · related or exempt $447,775

  • 2b · Program service revenue: RENTAL INCOME

    total $197,543 · related or exempt $197,543

  • 2c · Program service revenue: SETTLEMENT INCOME

    total $180,000 · related or exempt $180,000

  • 3 · Investment income

    total $135,448 · excluded $135,448

  • 8a · Fundraising events: gross income

    $16,400

  • 8a · Fundraising events: contributions included on line 1c

    $120,921

  • 8b · Fundraising events: direct expenses

    $42,249

  • 8c · Net income from fundraising events

    total -$25,849 · excluded -$25,849

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,064 · program services $33,064

  • 2 · Grants to domestic individuals

    total $1,130,818 · program services $1,130,818

  • 5 · Compensation of officers, directors and key employees

    total $244,712 · program services $93,994 · management and general $142,885 · fundraising $7,833

  • 7 · Other salaries and wages

    total $1,580,896 · program services $1,330,135 · management and general $188,376 · fundraising $62,385

  • 8 · Pension plan contributions

    total $38,239 · program services $31,361 · management and general $5,426 · fundraising $1,452

  • 9 · Other employee benefits

    total $214,938 · program services $174,063 · management and general $32,591 · fundraising $8,284

  • 10 · Payroll taxes

    total $167,215 · program services $133,493 · management and general $27,172 · fundraising $6,550

  • 11b · Fees: legal

    total $31,667 · program services $31,667

  • 11c · Fees: accounting

    total $36,825 · management and general $36,825

  • 11f · Fees: investment management

    total $4,946 · management and general $4,946

  • 11g · Fees: other

    total $56,556 · program services $48,685 · management and general $6,342 · fundraising $1,529

  • 12 · Advertising and promotion

    total $7,740 · program services $4,715 · management and general $25 · fundraising $3,000

  • 13 · Office expenses

    total $131,290 · program services $93,443 · management and general $8,063 · fundraising $29,784

  • 14 · Information technology

    total $54,404 · program services $43,433 · management and general $8,840 · fundraising $2,131

  • 16 · Occupancy

    total $137,087 · program services $112,798 · management and general $19,571 · fundraising $4,718

  • 17 · Travel

    total $67,855 · program services $64,544 · management and general $3,311

  • 22 · Depreciation, depletion and amortization

    total $5,015 · management and general $5,015

  • 23 · Insurance

    total $56,510 · program services $45,113 · management and general $9,183 · fundraising $2,214

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $62,894 · program services $61,140 · management and general $1,413 · fundraising $341

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $618,896 · end of year $426,428

  • 2 · Savings and temporary cash investments

    beginning of year $51,910 · end of year $1,558,476

  • 4 · Accounts receivable

    beginning of year $1,717,921 · end of year $986,010

  • 10a · Land, buildings and equipment: cost or other basis

    $39,505

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,824

  • 10c · Land, buildings and equipment, net

    beginning of year $15,696 · end of year $10,681

  • 11 · Investments: publicly traded securities

    beginning of year $1,575,695 · end of year $2,093,566

  • 15 · Other assets

    beginning of year $1,155,032 · end of year $1,065,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,357 · end of year $102,705

  • 19 · Deferred revenue

    beginning of year $277,472 · end of year $541,144

  • 25 · Other liabilities

    beginning of year $737,295 · end of year $653,583

  • 27 · Net assets without donor restrictions

    beginning of year $3,701,205 · end of year $4,420,575

  • 28 · Net assets with donor restrictions

    beginning of year $371,821 · end of year $422,648

Mission and programs · 2023

Mission

WESTCHESTER RESIDENTIAL OPPORTUNITIES (WRO) IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY WITH SPECIALIZED PROGRAMS TO COMBAT HOUSING DISCRIMINATION, AND TO ASSIST FIRST TIME HOMEBUYERS, THE ELDERLY AND THOSE FACING EVICTION OR MORTGAGE DEFAULT. ADDITIONALLY, WRO PROVIDES HOUSING AND CASE MANAGEMENT FOR PEOPLE WITH MENTAL ILLNESS. WRO PROMOTES HOUSING MOBILITY, AFFORDABILITY AND STABILITY FOR MARGINALIZED POPULATIONS, AND LOW-TO-MODERATE INCOME GROUPS.

Activities or mission (Part I)

TO PROMOTE EQUAL, AFFORDABLE, AND ACCESSIBLE HOUSING OPPORTUNITIES FOR ALL RESIDENTS OF OUR REGION.

  • INDEPENDENT LIVING PROGRAMTHE INDEPENDENT LIVING PROGRAM CONSISTS OF OUR SUPPORTED HOUSING APARTMENT PROGRAM, OUR SINGLE ROOM OCCUPANCY (SRO) PROGRAM, AND AN EDUCATION AND OUTREACH COMPONENT. IN 2023, THE SUPPORTED HOUSING PROGRAM PROVIDED INDIVIDUALIZED HOUSING-RELATED CASE MANAGEMENT SERVICES AND RENTAL ASSISTANCE TO 44 ADULTS DIAGNOSED WITH SERIOUS MENTAL ILLNESS, WHO WISH TO OBTAIN PERMANENT, AFFORDABLE, AND INDEPENDENT HOUSING. THE SINGLE ROOM OCCUPANCY PROGRAM STAFF PROVIDED HOUSING AND SUPPORTIVE SERVICES AND SUPERVISION TO ADULTS RESIDING IN OUR 9 BEDROOM SRO IN 2023.ADDITIONALLY, WRO PROVIDES HOMELESS OUTREACH TO ASSIST HOMELESS PEOPLE WITH MENTAL ILLNESS TO FIND HOUSING. WRO PROMOTES HOUSING MOBILITY, AFFORDABILITY AND STABILITY FOR MARGINALIZED POPULATIONS, AND LOW-TO-MODERATE INCOME GROUPS.

    Expenses $1,282,114 · Grants $771,016 · Revenue $197,543

  • EVICTION PREVENTION & RENTAL ASSISTANCE PROGRAMWRO ASSISTS QUALIFIED HOUSEHOLDS FACING RENTAL AND/OR UTILITY ARREARS, BY PROVIDING FINANCIAL ASSISTANCE GRANTS AGAINST THOSE ARREARS. WRO ALSO WORKS WITH HOUSEHOLDS LOOKING TO SECURE RENTAL HOUSING BY PROVIDING FINANCIAL ASSISTANCE GRANTS FOR SECURITY DEPOSITS, MOVING EXPENSES, FIRST MONTH'S RENT, ETC. IN ADDITION TO PROVIDING FINANCIAL ASSISTANCE, THE PROGRAM (1) PROVIDES COUNSELING TO PRIMARILY LOW-TO-MODERATE INCOME HOUSEHOLDS TO FIND AND MAINTAIN AFFORDABLE HOUSING, (2) NEGOTIATES WITH LANDLORDS TO HELP KEEP PEOPLE HOUSED, AND (3) MAKES REFERRALS AS APPROPRIATE TO LOCATE ADDITIONAL SOURCES OF FINANCIAL AND OTHER FORMS OF ASSISTANCE. IN 2023, THE PROGRAM ASSISTED 588 INDIVIDUALS AND FAMILIES.

    Expenses $561,879 · Grants $300,133

  • FAIR HOUSING PROGRAMWRO'S FAIR HOUSING PROGRAM WORKS TO ELIMINATE DISCRIMINATION IN THE HOUSING AND LENDING MARKETS. THE PROGRAM HANDLES COMPLAINTS AND CONDUCTS INVESTIGATIONS, INCLUDING BOTH SYSTEMIC AND COMPLAINT-BASED TESTING, AND ACCESSIBLE DESIGN AND CONSTRUCTION INVESTIGATIONS. ACCESSIBLE DESIGN AND CONSTRUCTION SURVEYS ARE CONDUCTED TO PROMOTE HOUSING ACCESS FOR PEOPLE WITH DISABILITIES. WRO'S FAIR HOUSING PROGRAM PROVIDES EDUCATION AND OUTREACH TO CONSUMERS, CIVIC AND BUSINESS AND OTHER NON-PROFIT ORGANIZATIONS, AND TRAINS REAL ESTATE PROFESSIONALS, CO-OP BOARDS AND MANAGEMENT COMPANIES TO COMPLY WITH FAIR HOUSING LAWS. IN 2023, 197 FAMILIES AND INDIVIDUALS WERE ASSISTED WITH FAIR HOUSING COMPLAINTS, AND 26 REAL ESTATE AGENCIES INCLUDING 600 INDIVIDUAL REAL ESTATE PROFESSIONALS AND 119 CO-OP APARTMENT DIRECTORS WERE TRAINED IN OUR FAIR HOUSING WORKSHOPS.ADDITIONALLY, WRO MANAGES AN AFFIRMATIVE HOUSING MARKETING PROGRAM FOR RENT AND RESALE OF FAIR AND AFFORDABLE HOMES. AS PART OF THIS PROGRAM, WRO COLLECTS APPLICATIONS AND ADMINISTERS A LOTTERY FOR ELIGIBLE APPLICANTS. IN 2023, WRO MARKETED 280 HOUSING UNITS IN THREE ALL-AFFORDABLE RENTAL DEVELOPMENTS AND ASSISTED IN THE CLOSING OF FOUR RE-SALES OF EXISTING AFFORDABLE HOMES.

    Expenses $907,990 · Grants $539 · Revenue $501,438

  • HOME OWNERSHIP PROGRAMSWRO ASSISTS QUALIFIED HOUSEHOLDS IN THREE AREAS: (A) FIRST-TIME HOMEBUYING PROGRAM, WHICH PROVIDES EDUCATION AND COUNSELING IN SPANISH AND ENGLISH ON THE HOMEBUYING PROCESS, AND FACILITATES ACCESS TO VARIOUS DOWN-PAYMENT AND CLOSING COST ASSISTANCE PROGRAMS. IN 2023, 360 INDIVIDUALS PARTICIPATED IN OUR HOMEBUYING WORKSHOPS, AND 39 CLIENTS PURCHASED A HOME, INCLUDING 18 WHO RECEIVED A TOTAL OF $516,190 IN GRANTS TO PURCHASE THEIR HOMES. (B) MORTGAGE FORECLOSURE PREVENTION PROGRAM, WHICH ASSISTS HOMEOWNERS WHO ARE FACING FORECLOSURE DUE TO TEMPORARY INTERRUPTIONS IN INCOME OR FINANCIAL HARDSHIP, INCLUDING EXPLORING POSSIBLE OPTIONS AVAILABLE WITH THEIR LENDER. IN 2023, WRO SERVED 150 CLIENTS, AND CLOSED ON 50 LOAN MODIFICATIONS OR REINSTATEMENTS.(C) AGING IN PLACE PROGRAM, WHICH ASSISTS SENIOR HOMEOWNERS (62 AND OVER) TO REMAIN IN THEIR EXISTING HOMES BY MAKING MODIFICATIONS TO THE HOME TO ACCOMMODATE AGE-RELATED CHANGES OR DISABILITIES. IN 2023, WRO SERVED 17 CLIENTS WITH EVALUATIONS OF MODIFICATION NEEDS OR FACILITATING ACTUAL MODIFICATIONS.

    Expenses $680,483 · Grants $92,194 · Revenue $126,337

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Margaret M Flint Esq

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Leah Caro

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Debra Budetti

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Thomas Rice Esq

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Henry J Carnage

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Laurence Beilenson

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Travis Bowens

    BOARD MEMBER THRU 7/20/23

    Total calculated
    $0
    Hours/week
    1

  • Joseph A Disalvo Esq

    BOARD MEMBER THRU 7/1/23

    Total calculated
    $0
    Hours/week
    1

  • Barry Kramer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jodee MacDonald

    BOARD MEMBER THRU 6/28/23

    Total calculated
    $0
    Hours/week
    1

  • David Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dennis D Parker Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Debra Thompson

    BOARD MEMBER

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Wendy Marie Weathers Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alan R Wolfert Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Marlene Zarfes

    EXECUTIVE DIRECTOR

    Total calculated
    $156,656
    From this org
    $133,706
    From related orgs
    $0
    Other
    $22,950
    Hours/week
    34 + 1 related

    Schedule J breakdown matched by us

    Base
    $123,706
    Bonus
    $10,000
    Other
    $0
    Deferred
    $4,200
    Nontaxable benefits
    $18,750
    Filer's total
    $156,656

  • Elizabeth Ellison

    CHIEF FINANCIAL OFFICER

    Total calculated
    $88,790
    From this org
    $88,790
    From related orgs
    $0
    Other
    $0
    Hours/week
    11.75 + 0.25 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION PAID A DISCRETIONARY BONUS DURING CALENDAR YEAR 2023, REPORTED IN PART II, COLUMN B(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BIRNAM WOOD ASSOCIATES LTD

    501(C)(3) · OWN REAL ESTATE TO HOUSE MENTALLY ILL INDIVIDUALS · NY · controlled entity

    Directly controlled by WESTCHESTER RESIDENTIAL OPPORTUNITIES INC

Provenance

Return type
form_990
Tax year
2023
Filed
11 September 2024
IRS schema version
2023v5.1
Source object
202422559349301222

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