Public Charity

WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC

WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $11.2M in revenue, $12.9M in expenses, $58.3M in total assets.

EIN: 132614139 NEW YORK, NY Housing Development, Construction & Management NTEE: L20 Latest filing: 2024

Total Revenue$11.2M

Total Expenses$12.9M

Total Assets$58.3M

Grant Records0

Filing Years2019–2024

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.

Where $100 goes at Westbeth Corp Housing Development Fund Company Inc

How Westbeth Corp Housing Development Fund Company Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$90 Programs the work itself

$10 Management running the organization

$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $90 for programs

$90

Housing and related support services for artists

All program spending

Reported in the filing Westbeth comprises 384 units of affordable housing for low-income artists and their families.

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR (THROUGH 6/24) Adam Davidson

DIRECTOR Aileen Gribben

TREASURER Alina Lundry

DIRECTOR Arvind Sohoni

SECRETARY Christina Maile

DIRECTOR Elsie Mccabe Thompson

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$11.2M	$12.9M	$58.3M
2023	$10.6M	$12.5M	$57.8M
2022	$10.2M	$12.2M	$59.1M
2020	$10.0M	$9.0M	$61.1M
2019	$10.0M	$9.5M	$55.4M

Between 2019 and 2024, reported annual revenue grew from $10.0M to $11.2M (+13%), with total assets most recently reported at $58.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for WESTBETH CORP HOUSING DEVELOPMENT FUND COMPANY INC

Complete financials, all 0 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports