Retiree Housing of Cedar Rapids Inc

Analysis

Retiree Housing of Cedar Rapids Inc is a registered charity in United States, based in Lyndhurst, OH. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Retiree Housing of Cedar Rapids Inc reported income of $352k and spending of $262k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $288k to $352k (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Retiree Housing of Cedar Rapids Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within OH. Charities of a similar size with the same main cause include Hope Haven Ministries Inc ($351k), Legacy Impact Capital ($352k) and Kona Housing Corporation 75-5995 Kuakini ($351k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 27% of the total. Other salaries and wages came to $27k. At year end it held assets of $842k against liabilities of $687k, net assets of $155k. It reported 3 employees.