Wieder-Silver Manor Apartments

Analysis

Wieder-Silver Manor Apartments is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1992, 34 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, Wieder-Silver Manor Apartments reported income of $138k and spending of $134k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $128k to $138k (+8.1%), an average of +2.0% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wieder-Silver Manor Apartments sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OH. Charities of a similar size with the same main cause include Tumbleweed Housing Foundation ($138k), Asi Alexandria Inc ($138k) and Ser Community Development Corporation ($138k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Other salaries and wages came to $18k. At year end it held assets of $315k against liabilities of $731k, net assets of -$416k.