Villa Maria Apartments

Analysis

Villa Maria Apartments is a registered charity in United States, based in Villa Maria, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Villa Maria Apartments reported income of $422k and spending of $402k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $403k to $422k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Maria Apartments sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include York Senior Properties Inc ($422k), United Church Residences of Memphis Tennessee Inc ($422k) and Columbus Regional Senior Living Inc ($421k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $48k (12% of expenses). Other salaries and wages came to $1,529. At year end it held assets of $1.3m against liabilities of $81k, net assets of $1.2m. It reported 2 employees.