Barrett Terrace Housing Corporation

Analysis

Barrett Terrace Housing Corporation is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in August 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 December 2023, Barrett Terrace Housing Corporation reported income of $770k and spending of $2,772, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $770k (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Barrett Terrace Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Venable Apartments II Inc ($770k), Country Manor Inc of Duncansville ($770k) and Esther Gitlow Towers II Housing Development Fund Corp ($769k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 39% of the total. At year end it held assets of $29.3m against liabilities of $25.1m, net assets of $4.1m.