Village Shalom Apartments

Analysis

Village Shalom Apartments is a registered charity in United States, based in Bexley, OH. It received its IRS tax-exemption ruling in June 2003, 23 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 Shalom Apartments reported income of $99k and spending of $181k, spending 182% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $86k to $99k (+15%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 335%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village Shalom Apartments sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include Delta Community Housing Project ($99k), Southwest Florida Gwi Housing Xvi Inc ($99k) and Bettye Ruth Kay Community Homes Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $6,395. At year end it held assets of $682k against liabilities of $1.1m, net assets of -$457k.