Willow Village Housing Corporation

Analysis

Willow Village Housing Corporation is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in September 2014, 12 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 2023, Willow Village Housing Corporation reported income of $358k and spending of $412k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $318k to $358k (+13%), an average of +4.0% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Willow Village Housing Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Mountain Terrace Inc ($358k), Kent Village Housing for the Elderly Inc ($358k) and HG Holding Housing Development Fund Company Inc ($358k).

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 $78k. At year end it held assets of $448k against liabilities of $2.7m, net assets of -$2.3m.