Westhab

What it reported doing in 2024

Shelter operations: westhab has developed a unique capacity to deliver effective programs designed to help families and singles experiencing homelessness secure permanent housing and get back on their feet. Westhab has adapted the housing first concept to meet local needs, working to ensure that homelessness is a brief and one-time experience. Westhab helped to create the homeless system in westchester county, innovating new solutions like the emergency housing apartment program and creating full-service shelters that provide individualized services to meet each client's needs. Westhab's family shelters minimize school interruptions for students and provide comprehensive out-of-school time programs and on site childcare support. Over the years, westhab, through its partnership with the westchester county department of social services, has successfully reduced the need for homeless facilities in westchester, closing two shelters and shifting our focus to developing permanent affordable and supportive housing. Westhab participates actively in the westchester continuum of care for the homeless partnership, which has developed hundreds of units of permanent supportive housing for special needs populations. Westhab's portfolio in New York city has grown substantially in recent years. At year end 2024, westhab operated 20 transitional housing programs in the city serving about 2,500 households. Each program is customized to best meet the needs of its tenants, which include singles, families with children, and adult families. Westhab has now opened three "purpose-built" shelters, designed specifically for their use and setting the bar for quality design for transitional housing. Westhab is currently in construction on two additional purpose-built shelters. In addition to developing comprehensive youth services programs in its family shelters to meet the myriad academic, enrichment and social needs of young people, westhab now also operates seven community-based youth centers: one in yonkers, three in the bronx, and three in manhattan to meet the needs of at-risk young people in underserved neighborhoods.

Financial Efficiency

• Mission deployment rate: 93.2%; rating input score 93
• Program expense ratio: 92.3%; rating input score 92
• Fundraising efficiency: $303.23 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.9%; rating input score 22; 22nd percentile among comparable filings
• Total-asset coverage ratio: 2.06; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0.82; rating input score 16; 16th percentile among comparable filings
• Officer compensation ratio: 2.5%; rating input score 46; 46th percentile among comparable filings

Growth

• Program expense growth: 21.1% per year; rating input score 100; 93rd percentile among comparable filings
• Revenue growth: 17% per year; rating input score 100; 91st percentile among comparable filings
• Asset growth: 19.3% per year; rating input score 100; 92nd percentile among comparable filings