Willow Glen Elderly Housing Corp

Analysis

Willow Glen Elderly Housing Corp is a registered charity in United States, based in Ravenna, OH. It received its IRS tax-exemption ruling in September 2010, 16 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, Willow Glen Elderly Housing Corp reported income of $267k and spending of $416k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $267k (+4.3%), an average of +1.0% a year. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Glen Elderly Housing Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Duncanville Independent Living Inc ($267k), Nhhi Brooklyn Park Inc ($267k) and Midwifery Education Accreditation Council ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. At year end it held assets of $3.9m against liabilities of $362k, net assets of $3.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.