Residential Opportunities Incorporated

Analysis

Residential Opportunities Incorporated is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in October 1987, 39 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 2024, Residential Opportunities Incorporated reported income of $169k and spending of $144k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $112k to $169k (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residential Opportunities Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Alloway Housing Development Fund Corporation ($169k), Red Lake Senior Apartment Center Inc ($169k) and Birch Leaf Apartments Inc ($169k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 36% of the total. Other salaries and wages came to $24k. At year end it held assets of $172k against liabilities of $331k, net assets of -$160k.