Apple Valley Villa Apartments

Analysis

Apple Valley Villa Apartments is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in February 1999, 27 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, Apple Valley Villa Apartments reported income of $5.9m and spending of $5.8m, spending 100% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $5.6m to $5.9m (+4.2%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income rose by 300%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Apple Valley Villa Apartments sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Helping Hand House ($5.9m), Land Bank Twin Cities Inc ($5.9m) and Neighbors of Watertown Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $11.5m against liabilities of $12.5m, net assets of -$1.0m. It reported 118 employees.