Westchester Residential Opportunities Inc

Analysis

Westchester Residential Opportunities Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in February 1969, 57 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 December 2023, Westchester Residential Opportunities Inc reported income of $4.8m and spending of $4.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.8m (+79%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westchester Residential Opportunities Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Homes in Partnership Inc ($4.8m), Community Initatives Inc ($4.8m) and Starting Over Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $245k (6.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.1m against liabilities of $1.3m, net assets of $4.8m. It reported 47 employees.