Overview
What is Westbeth Corp Housing Development Fund Company Inc?
Westbeth Corp Housing Development Fund Company Inc, based in New York City, serves as a haven for artists by offering 384 units of affordable housing for low-income artists and their families. This nonprofit organization, known as a "Home for the Arts," goes beyond providing living spaces, incorporating artists' production and presentation spaces such as painting studios, rehearsal studios, exhibition, theater, and performance spaces, not only for its residents but also for non-residents. Westbeth also offers social service support, catering to an increasingly elderly population, many of whom have resided in the building since its inception in the 1970s. The organization employs 36 individuals in its mission to foster and support the artistic community.
Official website here: www.westbeth.org
Is Westbeth Corp Housing Development Fund Company Inc legitimate?
Westbeth Corp Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westbeth Corp Housing Development Fund Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $119,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,178,151
For more financial information, click here
Official website here: www.westbeth.org
What is the mission statement of Westbeth Corp Housing Development Fund Company Inc?
Westbeth Corp Housing Development Fund Company Inc serves as a sanctuary for artists, offering affordable live-work spaces. Its mission encompasses providing housing and related support services for artists from various disciplines. The company houses 384 units of affordable accommodation for low-income artists and their families. Beyond living spaces, Westbeth also offers production and presentation areas, including painting studios, rehearsal studios, exhibition spaces, theaters, and performance venues, catering to both residents and non-residents. Furthermore, it provides social service support for an aging population, many of whom have resided in the building since its establishment in 1970.
Official website here: www.westbeth.org
Who is the CEO of Westbeth Corp Housing Development Fund Company Inc?
Joseph P Versace is the Chairman of Westbeth Corp Housing Development Fund Company Inc.
Official website here: www.westbeth.org
What is the revenue of Westbeth Corp Housing Development Fund Company Inc?
Westbeth Corp Housing Development Fund Company Inc's revenue in 2022 was $10,181,093.
Official website here: www.westbeth.org
Who are the executives of Westbeth Corp Housing Development Fund Company Inc and what are their salaries?
The average compensation at Westbeth Corp Housing Development Fund Company Inc during 2022 was $63,827. There are 36 employees and 8 volunteers at Westbeth Corp Housing Development Fund Company Inc.
Here are 11 key members and their salaries:
- Norris Gordon (Handyman)
- George Cominskie (Interim Executive Director)
- Miriam Rosborough (Community Manager)
- Joe Versace (Chairman) [Trustee/Director]
- Alina Lundry (Treasurer) [Trustee/Director]
- Christina Maile (Board Member) [Trustee/Director]
- Judd Levy (Board Member) [Trustee/Director]
- Samantha Vincent (Board Member) [Trustee/Director]
- Adam Davidson (Board Member) [Trustee/Director]
- Roger Braimon (Board Member) [Trustee/Director]
- Donald Sutton (Board Member) [Trustee/Director]
Official website here: www.westbeth.org
Where can I find the form 990 for Westbeth Corp Housing Development Fund Company Inc?
The Westbeth Corp Housing Development Fund Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.westbeth.org
Learn more at the official website: www.westbeth.org
Mission Statement of Westbeth Corp Housing Development Fund Company Inc
Westbeth Corp Housing Development Fund Company Inc, often referred to as Westbeth, serves as a sanctuary for artists. Its primary mission is to provide affordable live/work spaces for low-income artists in various disciplines. Beyond housing, Westbeth offers a comprehensive range of support services tailored to artists' needs. The organization comprises 384 units of affordable housing, accommodating both artists and their families. In addition to living spaces, Westbeth houses artistic production and presentation areas, including painting studios, rehearsal studios, exhibition spaces, theaters, and performance venues. These facilities cater not only to residents but also to non-resident artists. Westbeth further extends its support to an aging population, many of whom have resided in the building since its inception in 1970. The organization provides social service assistance to this demographic, ensuring that artists can continue to thrive in their creative pursuits.
Impact
This information is meant to be a general summary of Westbeth Corp Housing Development Fund Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 1, 2024
Westbeth Corp Housing Development Fund Company Inc provides crucial support to low-income artists by offering affordable live/work spaces in New York City. It plays a significant role in fostering creativity and artistic expression by giving artists the opportunity to pursue their passions without the burden of high living costs. Additionally, Westbeth Corp Housing Development Fund Company Inc contributes to the cultural vibrancy of the community by providing artists with dedicated spaces for production, exhibition, and performance. The organization's commitment to serving an increasingly elderly population highlights its dedication to creating a supportive and inclusive environment for artists of all ages. Overall, Westbeth Corp Housing Development Fund Company Inc's impact extends beyond just providing housing - it nurtures a thriving artistic community and enriches the cultural landscape of the city.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,429,849
Organization Details
Founding Year
1967
Phone
(212) 691-1500
Principal Officer
Joseph P Versace
Main Address
55 BETHUNE STREET, NEW YORK, NY, 10014
Website
www.westbeth.org
NTEE Category
Code: L20Z - Housing
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