Richland Apartments Inc

Analysis

Richland Apartments Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 1997, 29 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 2023, Richland Apartments Inc reported income of $115k and spending of $148k, spending 130% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $120k to $115k (-4.4%), an average of -4.4% 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, Richland Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NE. Charities of a similar size with the same main cause include Miller Place Senior Complex Inc ($115k), JM Apartments ($115k) and His Oaks Inc ($114k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. At year end it held assets of $328k against liabilities of $68k, net assets of $259k.