Housing Solutions Inc

Analysis

Housing Solutions Inc is a registered charity in United States, based in Collinsville, IL. It received its IRS tax-exemption ruling in January 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 December 2023, Housing Solutions Inc reported income of $200k and spending of $227k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $200k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Solutions 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 54th percentile within IL. Charities of a similar size with the same main cause include Douglas Multi-Family Property Management ($200k), Trans Housing Atlanta Inc ($200k) and 538 Talbot Avenue Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $7,770. At year end it held assets of $932k against liabilities of $826k, net assets of $106k.