Westwood Affordable Housing Inc

Analysis

Westwood Affordable Housing Inc is a registered charity in United States, based in Westwood, MA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Westwood Affordable Housing Inc reported income of $550k and spending of $214k, leaving 61% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $237k to $550k (+132%), an average of +24% a year. The sharpest change came in the year to October 2020, when income rose by 382%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westwood Affordable Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Beth Sholom Terrace ($550k), Phoenix Family Ventures Inc ($550k) and Partners Against Trafficking Humans ($550k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.4m against liabilities of $1.3m, net assets of $3.1m.