Texas Retired Teachers Residence Corporation

Analysis

Texas Retired Teachers Residence Corporation is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in September 1964, 62 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 December 2023, Texas Retired Teachers Residence Corporation reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.8m (-3.6%), an average of -0.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Texas Retired Teachers Residence Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Solon Community Living Inc ($1.8m), Bhap Housing Development Fund Co ($1.8m) and Forward Housing Corporation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $143k (7.6% of expenses). Other salaries and wages came to $648k. At year end it held assets of $3.7m against liabilities of $149k, net assets of $3.5m. It reported 31 employees.