Goodwin Plaza Housing Corporation

Analysis

Goodwin Plaza Housing Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1982, 44 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 June 2023, Goodwin Plaza Housing Corporation reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+9.4%), an average of +2.3% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Goodwin Plaza Housing Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Eastern Ohio Housing Development Corporation ($1.1m), Ahi Ezer Kings Highway Housing Development Fund Co Inc ($1.1m) and Affordability Project Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $196k. At year end it held assets of $1.6m against liabilities of $3.2m, net assets of -$1.7m. It reported 4 employees.