Villita Apartments Inc

Analysis

Villita Apartments Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 2006, 20 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 2024, Villita Apartments Inc reported income of $300k and spending of $262k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $228k to $300k (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villita Apartments Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within RI. Charities of a similar size with the same main cause include Baileys Open Door Foundation ($300k), Calistoga Affordable Housing Inc ($300k) and Holmans Family Adult Residential Care ($300k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 24% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.4m against liabilities of $1.1m, net assets of $338k.