Westhab

Legal name: 6661 Broadway Borrower Housing Development Fund Corporation

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

3 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Building Communities. Changing Lives.

Re-develop real property located at west 262nd street, bronx, New York, into transitional housing for homeless adults.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: No current program activity. The filing reports no program spending for the current year.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 88.9%; rating input score 89; 9th percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: Limited
Total-asset coverage ratio: Limited
Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
Officer compensation ratio: Limited

Program expense growth: Limited
Revenue growth: Limited
Asset growth: -0.1% per year; rating input score 0; 39th percentile among comparable filings

What they do: 5 programs and campaigns described on the official site · 2 operating locations identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 0 of 3 board members independent · 7 of 8 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $535K · 3 people listed · 0 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $3.2M reported
Consistency: 12 of 13 current checks pass · 1 finding to review
Schedules: 5 filed schedules · includes executive pay
Filing history: 2 filing years from 2023 to 2024
Contacts: How to reach this organization
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Accountability: Independent voting board scored 0/100.
High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 6/100.
Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
Review — Accountability: Governance controls: Other executive compensation review process not reported.