Terrace Overview Housing Corp

Analysis

Terrace Overview Housing Corp is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in August 1990, 36 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 September 2023, Terrace Overview Housing Corp reported income of $156k and spending of $146k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $149k to $156k (+5.3%), an average of +1.3% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Terrace Overview Housing Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Crossroads Housing Inc ($156k), Prairie West Apartments Inc ($156k) and Aaa Elderly Housing Heritage Manor of Fordyce Inc ($156k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. At year end it held assets of $459k against liabilities of $462k, net assets of -$3,094.