Vista Homes Housing Corporation

Analysis

Vista Homes Housing Corporation is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in October 1995, 31 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, Vista Homes Housing Corporation reported income of $88k and spending of $128k, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $78k to $88k (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vista Homes Housing Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($88k), The Village at Pleasant Ridge ($88k) and Society of St Vincent Depaul Council of Louisville ($88k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.7% of the total. At year end it held assets of $526k against liabilities of $825k, net assets of -$299k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.