Villa Apartments Housing Foundation

Analysis

Villa Apartments Housing Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1999, 27 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, Villa Apartments Housing Foundation reported income of $110k and spending of $183k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $110k (+9.4%), an average of +2.3% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Apartments Housing Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Renegar Apartments Inc ($110k), Egida Del Policia Inc ($110k) and Housing and Land Enterprise of Hawaii County ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $22k. At year end it held assets of $913k against liabilities of $1.7m, net assets of -$792k.

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.