Wesco Housing Corporation

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Wesco Housing Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Wesco Housing Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Wesco Housing Corporation in one place.

Is Wesco Housing Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Wesco Housing Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Wesco Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Wesco Housing Corporation is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Wesco Housing Corporation reported a deficit of $74K with expenses exceeding revenue, holds 63.9 months of operating reserves (strong position), has a debt-to-asset ratio of 21.3% (moderate leverage).

Financial Trends

Over 14 years of filings (2010–2023), Wesco Housing Corporation's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $74K, with expenses exceeding revenue.
• Debt-to-asset ratio: 21.3%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Wesco Housing Corporation:

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.