Village Square Housing Corporation

Analysis

Village Square Housing Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in June 1993, 33 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, Village Square Housing Corporation reported income of $3.9m and spending of $3.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.9m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village Square Housing Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Ame Zion Trinity Housing Development Fund Co Inc ($3.9m), Kalamazoo Neighborhood Housing Services Inc ($3.9m) and Rebuilding Together Southern Nevada ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 67% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.9m against liabilities of $3.5m, net assets of $415k. It reported 46 employees.