Walden Oaks Apartments Preservation NFP

Analysis

Walden Oaks Apartments Preservation NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2005, 21 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, Walden Oaks Apartments Preservation NFP reported income of $2.3m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.3m (+13%), an average of +3.1% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walden Oaks Apartments Preservation NFP sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Ellen Kennedy Living Center ($2.3m), New Community Shelter Inc ($2.3m) and Mutual Housing Association of Southwestern Connecticut Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 95% of the total. Other salaries and wages came to $231k. At year end it held assets of $7.8m against liabilities of $8.0m, net assets of -$122k.