Olde Town Village Housing Inc

Analysis

Olde Town Village Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in April 2004, 22 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 December 2023, Olde Town Village Housing Inc reported income of $206k and spending of $309k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $206k (-1.3%), an average of -0.3% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Olde Town Village Housing Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include 722 Henry Street Apartments Housing Development Fund Corporation ($206k), Family Promise of Lewis Clark Valley Inc ($206k) and MBCDC Fernwood Apartments Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $2.1m against liabilities of $3.5m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.