Washington Heights Elderly Housing Corporation

Analysis

Washington Heights Elderly Housing Corporation is a registered charity in United States, based in Oakmont, PA. It received its IRS tax-exemption ruling in August 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 December 2023, Washington Heights Elderly Housing Corporation reported income of $739k and spending of $713k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $654k to $739k (+13%), an average of +3.1% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington Heights Elderly Housing Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Nwfa Education & Research Foundation ($739k), Harry and Jeanette Weinberg Terrace Inc ($739k) and Miami Valley Fair Housing Center Inc ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $136k. At year end it held assets of $1.3m against liabilities of $2.6m, net assets of -$1.3m.