Northwestern Retirement Housing

Analysis

Northwestern Retirement Housing is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in July 1951, 75 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Northwestern Retirement Housing reported income of $462k and spending of $403k, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $301k to $462k (+54%), an average of +9.0% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 178% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwestern Retirement Housing sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Curwensville Housing Corporation ($462k), State College Community Land Trust Inc ($462k) and Rainbow Heights Ince ($462k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $29k. At year end it held assets of $833k against liabilities of $2.9m, net assets of -$2.0m.