Wesco Housing Corporation

Wesco Housing Corporation maintains stable assets and zero executive compensation despite fluctuating revenues and occasional operating deficits.

EIN: 203167493 · Westlake, OH · NTEE: L21 · Updated: 2026-03-28

$516KRevenue

$1.8MAssets

90/100Mission Score (Excellent)

L21

About Wesco Housing Corporation

Wesco Housing Corporation (EIN: 203167493) is a nonprofit organization based in Westlake, OH, classified under NTEE code L21. The organization reported total revenue of $516K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wesco Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Wesco Housing Corporation demonstrates consistent financial operations, primarily focused on housing initiatives as indicated by its NTEE code L21. Over the past several years, the organization has maintained a stable asset base, with assets consistently above $1.5 million, reaching $1,813,144 in its latest filing. While revenue has fluctuated, notably a peak of $653,829 in 2021 followed by a decrease to $215,357 in 2023, the organization has managed its expenses, which have generally remained below $300,000 annually. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean executive structure, contributing positively to its spending efficiency.

The organization's financial health appears stable, though it has experienced periods where expenses exceeded revenue, such as in 2023 ($289,117 expenses vs. $215,357 revenue) and 2022 ($244,822 expenses vs. $211,265 revenue). This indicates reliance on prior year surpluses or other funding sources to cover operational costs during those periods. However, the substantial asset base provides a buffer. The consistent reporting of zero officer compensation across all filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice, combined with regular IRS 990 filings, suggests a high level of financial transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Wesco Housing Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Wesco Housing Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Wesco Housing Corporation consistently reports 0% officer compensation across all 14 available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization with assets exceeding $1.5 million and suggests a volunteer-driven leadership model, which maximizes funds available for programmatic activities.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Wesco Housing Corporation's IRS 990 filings:

Occasional operating deficits where expenses exceed revenue, such as in 2023 and 2022, which could indicate reliance on reserves or inconsistent funding.

Strengths

The following positive indicators were identified for Wesco Housing Corporation:

Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication of resources to mission.
Stable and substantial asset base, consistently above $1.5 million, providing financial resilience.
Long history of IRS 990 filings (14 filings), demonstrating consistent transparency and compliance.

Frequently Asked Questions about Wesco Housing Corporation

Is Wesco Housing Corporation a good charity?

Based on its consistent reporting of zero officer compensation and stable asset base, Wesco Housing Corporation appears to be a well-managed charity with a strong commitment to its mission, as funds are not diverted to executive salaries.

How does Wesco Housing Corporation fund its operations when expenses exceed revenue?

In periods where expenses exceed revenue, such as in 2023 ($289,117 expenses vs. $215,357 revenue), Wesco Housing Corporation likely draws upon its substantial asset base ($1,540,126 in 2023) or prior year surpluses to cover the difference.

What is the trend in Wesco Housing Corporation's revenue?

Wesco Housing Corporation's revenue has fluctuated significantly, peaking at $653,829 in 2021 and then decreasing to $215,357 in 2023, indicating variability in its funding streams.

Filing History

IRS 990 filing history for Wesco Housing Corporation showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Wesco Housing Corporation's revenue has declined by 43%, moving from $378K to $215K. Total assets increased by 79.8% over the same period, from $856K to $1.5M. Total functional expenses rose by 125.1%, from $128K to $289K. In its most recent filing year (2023), Wesco Housing Corporation reported a deficit of $74K, with expenses exceeding revenue. The organization holds $328K in liabilities against $1.5M in assets (debt-to-asset ratio: 21.3%), resulting in net assets of $1.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$215K	$289K	$1.5M	$328K	—	—
2022	$211K	$245K	$1.6M	$347K	—	—
2021	$654K	$253K	$1.7M	$367K	—	View 990
2020	$170K	$273K	$1.7M	$754K	—	—
2019	$212K	$236K	$1.8M	$740K	—	View 990
2018	$214K	$266K	$1.8M	$748K	—	View 990
2017	$270K	$235K	$1.8M	$732K	—	View 990
2016	$326K	$180K	$1.8M	$740K	—	View 990
2015	$401K	$186K	$1.5M	$546K	—	View 990
2014	$164K	$191K	$1.3M	$569K	—	View 990
2013	$401K	$176K	$1.2M	$517K	—	View 990
2012	$129K	$139K	$968K	$464K	—	View 990
2011	$169K	$122K	$991K	$476K	—	View 990
2010	$378K	$128K	$856K	$389K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $215K, expenses of $289K, and assets of $1.5M (revenue +1.9% year-over-year).
2022: Revenue of $211K, expenses of $245K, and assets of $1.6M (revenue -67.7% year-over-year).
2021: Revenue of $654K, expenses of $253K, and assets of $1.7M (revenue +283.9% year-over-year).
2020: Revenue of $170K, expenses of $273K, and assets of $1.7M (revenue -19.6% year-over-year).
2019: Revenue of $212K, expenses of $236K, and assets of $1.8M (revenue -0.8% year-over-year).
2018: Revenue of $214K, expenses of $266K, and assets of $1.8M (revenue -21.0% year-over-year).
2017: Revenue of $270K, expenses of $235K, and assets of $1.8M (revenue -17.1% year-over-year).
2016: Revenue of $326K, expenses of $180K, and assets of $1.8M (revenue -18.6% year-over-year).
2015: Revenue of $401K, expenses of $186K, and assets of $1.5M (revenue +144.6% year-over-year).
2014: Revenue of $164K, expenses of $191K, and assets of $1.3M (revenue -59.1% year-over-year).
2013: Revenue of $401K, expenses of $176K, and assets of $1.2M (revenue +210.4% year-over-year).
2012: Revenue of $129K, expenses of $139K, and assets of $968K (revenue -23.6% year-over-year).
2011: Revenue of $169K, expenses of $122K, and assets of $991K (revenue -55.3% year-over-year).
2010: Revenue of $378K, expenses of $128K, and assets of $856K.

Data Sources and Methodology

This transparency report for Wesco Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.