Miami Valley Housing Opportunities Inc

Analysis

Miami Valley Housing Opportunities Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in August 1991, 35 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 June 2023, Miami Valley Housing Opportunities Inc reported income of $8.2m and spending of $9.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.3m to $8.2m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miami Valley Housing Opportunities Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Family Promise of Grand Rapids ($8.2m), St Clare Commons ($8.3m) and Region XII Council of Governments Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $376k (4.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $17.7m against liabilities of $5.8m, net assets of $11.9m. It reported 70 employees.