Warren Housing Development Corporation

Analysis

Warren Housing Development Corporation is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in October 1986, 40 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, Warren Housing Development Corporation reported income of $2.1m and spending of $2.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $2.1m (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 276%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Warren Housing Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Bright Community Trust Inc ($2.1m), One Roof ($2.1m) and Gorman Towers Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 26% of the total. Other salaries and wages came to $279k. At year end it held assets of $30.8m against liabilities of $2.6m, net assets of $28.3m.