Sweetwater Housing Development Inc Sequoyah Trail Apartments

Analysis

Sweetwater Housing Development Inc Sequoyah Trail Apartments is a registered charity in United States, based in Sweetwater, TN. It received its IRS tax-exemption ruling in July 2013, 13 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, Sweetwater Housing Development Inc Sequoyah Trail Apartments reported income of $128k and spending of $131k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $128k (+13%), an average of +3.1% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sweetwater Housing Development Inc Sequoyah Trail Apartments sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Ecothrive Housing ($128k), Homeless Outreach Team of Stark County Ohio ($128k) and Cre-Act Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $50k (38% of expenses). At year end it held assets of $430k against liabilities of $426k, net assets of $4,193. It reported 1 employees.