Westridge Senior Housing Inc

Analysis

Westridge Senior Housing Inc is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in July 1997, 29 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 September 2023, Westridge Senior Housing Inc reported income of $1.9m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.1m to $1.9m (-10%), an average of -2.6% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westridge Senior Housing Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Church Housing for Fairfield Inc ($1.9m), The Architects Housing Company I ($1.9m) and First Homes Properties ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $256k. At year end it held assets of $9.7m against liabilities of $10.4m, net assets of -$704k. It reported 8 employees.