Western Developments for Affordable Housing Inc

Analysis

Western Developments for Affordable Housing Inc is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in May 2011, 15 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 December 2023, Western Developments for Affordable Housing Inc reported income of $176k and spending of $146k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $247k to $176k (-29%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Developments for Affordable Housing Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Pacer Inc ($176k), Divine Providence Apartments Inc ($176k) and Map Development Corporation ($176k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $72k (49% of expenses). Other salaries and wages came to $12k. At year end it held assets of $206k against liabilities of $0, net assets of $206k.