Villa at Meadow View Inc

Analysis

Villa at Meadow View Inc is a registered charity in United States, based in Tewksbury, MA. It received its IRS tax-exemption ruling in July 2012, 14 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, Villa at Meadow View Inc reported income of $421k and spending of $565k, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $323k to $421k (+30%), an average of +6.8% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa at Meadow View Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Bonham RHF Housing Inc ($421k), Ahepa Buffalo Housing Development Inc ($421k) and Mountain Vista Retirement Residence ($420k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $124k. At year end it held assets of $5.5m against liabilities of $53k, net assets of $5.5m. It reported 4 employees.

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.