Nonprofit · EIN 13-2614139
WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,236,902 | $12,861,324 | -$1,624,422 | $58,291,753 | $54,228,928 | $4,062,825 |
| December 31, 2023 | 990 | $10,611,091 | $12,521,891 | -$1,910,800 | $57,758,161 | $52,356,628 | $5,401,533 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $187,514
- of which government grants
- $67,514
- Program service revenue
- $10,799,524
- Investment income
- $45,448
- Net gain from sales of assets
- -$101,856
- Other revenue
- $204,416
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $262,611
- Other salaries and wages
- $2,211,809
- Salaries, compensation and benefits (total)
- $3,340,303
- Professional fundraising fees
- $13,500
- Legal fees
- $188,691
- Accounting fees
- $59,475
- Occupancy
- $2,128,660
- Depreciation
- $3,225,321
- Program services (functional)
- $11,249,718
- Management and general (functional)
- $1,580,106
- Fundraising (functional)
- $31,500
Balance sheet and other
- Total assets, start of year
- $57,758,161
- Total assets, end of year
- $58,291,753
- Total liabilities, end of year
- $54,228,928
- Net assets, end of year
- $4,062,825
- Land, buildings and equipment
- $54,353,413
- Publicly traded securities
- $342,850
- Net assets without donor restrictions
- $3,962,825
- Net assets with donor restrictions
- $100,000
- Gross receipts
- $24,593,351
- Employees
- 26
- Volunteers
- 10
- Year formed
- 1967
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER MADDEN | EXECUTIVE DIRECTOR Officer | 40 | $252,911 | $9,700 |
| MIRIAM TASH | COMMUNITY MANAGER Highest-paid employee | 40 | $123,183 | $25,458 |
| TODD SALLEY | SUPER Highest-paid employee | 40 | $100,564 | $16,730 |
| JOE VERSACE | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JUDD LEVY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ALINA LUNDRY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| CHRISTINA MAILE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SAMANTHA VINCENT | DIRECTOR (THROUGH 6/24) Trustee or director | 2 | $0 | $0 |
| ADAM DAVIDSON | DIRECTOR (THROUGH 6/24) Trustee or director | 2 | $0 | $0 |
| ELSIE MCCABE THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERIN QUINN PURCELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGE COMINSKIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ARVIND SOHONI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AILEEN GRIBBEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MERILYN ROVIRA | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NORRIS GORDON | RESIDENT MANAGER Highest-paid employee | 40 | $108,582 | $34,070 |
| PETER MADDEN | EXECUTIVE DIRECTOR Officer | 40 | $135,955 | $0 |
| MIRIAM TASH | COMMUNITY MANAGER Highest-paid employee | 40 | $108,634 | $0 |
| SHELLY STAINE | MANAGER Highest-paid employee | 40 | $107,117 | $0 |
| GEORGE COMINSKIE | DIRECTOR/INTERIM ED. Trustee or director, Officer | 40 | $57,750 | $0 |
| JOE VERSACE | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JUDD LEVY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ALINA LUNDRY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| CHRISTINA MAILE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SAMANTHA VINCENT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ADAM DAVIDSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELSIE MCCABE THOMPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERIN QUINN PURCELL | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 777 THIRD AVENUE 6TH FL, NEW YORK, NY 10017-1307
- In care of
- % ACCOUNTING DEPT
- Principal officer (990 for 2024)
- JOSEPH P VERSACE, 55 BETHUNE STREET, NEW YORK, NY 10014
- Signed the 990
- PETER MADDEN, EXECUTIVE DIRECTOR
- Phone
- (212) 691-1500
- Website
- WWW.WESTBETH.ORG
- Return prepared by
- SAX LLP
Mission
WESTBETH A HOME FOR THE ARTS AND PROVIDES HOUSING AND RELATED SUPPORT SERVICES FOR ARTISTS. WESTBETH COMPRISES 384 UNITS OF AFFORDABLE HOUSING FOR LOW-INCOME ARTISTS AND THEIR FAMILIES. IN ADDITION, IT CONTAINS ARTISTS' PRODUCTION AND PRESENTATION SPACES -- PAINTING STUDIOS, REHEARSAL STUDIOS, EXHIBITION, THEATER AND PERFORMANCE SPACES -- FOR BOTH RESIDENTS AND NON-RESIDENTS. IT ALSO OFFERS SOCIAL SERVICE SUPPORT FOR AN INCREASINGLY ELDERLY POPULATION, MANY OF WHOM HAVE LIVED IN THE BUILDING SINCE IT OPENED IN 1970.
Program accomplishments
- HOUSING AND RELATED SUPPORT SERVICES FOR ARTISTS. WESTBETH COMPRISES 384 UNITS OF AFFORDABLE HOUSING FOR LOW-INCOME ARTISTS AND THEIR FAMILIES. IN ADDITION, IT CONTAINS ARTISTS' WORK SPACES -- PAINTING STUDIOS, REHEARSAL STUDIOS, EXHIBITION AND THEATRE SPACES -- AND PROVIDES SOCIAL SERVICE SUPPORT FOR AN INCREASINGLY ELDERLY POPULATION, MANY OF WHOM HAVE LIVED IN THE BUILDING SINCE THE 1970'S.Expenses $11,249,718 · revenue $10,799,524
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-2614139
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $58,291,753
- Income (IRS master file)
- $24,593,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,236,902 | $12,861,324 | $58,291,753 | IRS |
| 990 | December 2023 | $10,611,091 | $12,521,891 | $57,758,161 | XML |
| 990 | December 2022 | $10,181,093 | $12,182,916 | $59,130,582 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2614139).
Questions about WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC is 13-2614139.
- Is WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Are donations to WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 names JOSEPH P VERSACE.
- Who are the officers and directors of WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 3 received compensation from the organization, the highest $252,911 (PETER MADDEN, EXECUTIVE DIRECTOR).
- How much revenue does WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,236,902, expenses of $12,861,324 and total assets of $58,291,753 at year end.
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