Western Reserve Housing Development Corporation

Analysis

Western Reserve Housing Development Corporation is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in March 2002, 24 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, Western Reserve Housing Development Corporation reported income of $260k and spending of $392k, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $383k to $260k (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Reserve Housing Development Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Son Shine Light House Ministries ($260k), Baldwin House Community Collective ($260k) and For Our Communities ($260k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $4.7m against liabilities of $2.3m, net assets of $2.4m.