Woodside Apartments Inc

Analysis

Woodside Apartments Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1995, 31 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, Woodside Apartments Inc reported income of $99k and spending of $111k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $123k to $99k (-19%), an average of -6.9% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodside Apartments Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within IN. Charities of a similar size with the same main cause include Andrew J Flodin Apartments Foundation ($99k), Bettye Ruth Kay Community Homes Inc ($99k) and El Cid Historic Neighborhood Association Inc ($99k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $13k. At year end it held assets of $507k against liabilities of $841k, net assets of -$334k.