Western Region Nonprofit Housing Corporation

Analysis

Western Region Nonprofit Housing Corporation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in December 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Western Region Nonprofit Housing Corporation reported income of $11.6m and spending of $11.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.1m to $11.6m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Region Nonprofit Housing Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Neighborhood Finance Corporation ($11.6m), Opa-Locka Community Development Corporation Inc ($11.6m) and Utility Emergency Services Fund ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $261k (2.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $89.5m against liabilities of $24.5m, net assets of $65.0m. It reported 6 employees.