Wesley Rydell Housing Corporation
Wesley Rydell Housing Corporation consistently operates with negative net assets and annual deficits, despite stable revenue.
EIN: 205289427 · Alexandria, VA · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Program Spending | 80% |
| Net Assets | $-3,627,671 |
| Transparency Score | 65/100 |
Is Wesley Rydell Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wesley Rydell Housing Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wesley Rydell Housing Corporation
Wesley Rydell Housing Corporation (EIN: 205289427) is a nonprofit organization based in Alexandria, VA, classified under NTEE code L21. The organization reported total revenue of $1.9M and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wesley Rydell Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wesley Rydell Housing Corporation is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-77,422 |
| Total Assets | $11.6M |
| Total Liabilities | $15.2M |
| Net Assets | $-3,627,671 |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 131.3% |
| Months of Reserves | 74.8 months |
Financial Health Grade: C
In 2023, Wesley Rydell Housing Corporation reported a deficit of $77K with expenses exceeding revenue, holds 74.8 months of operating reserves (strong position), has a debt-to-asset ratio of 131.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wesley Rydell Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +2.9% | -2.2% |
| 2022 | +0.5% | +3.0% | -2.2% |
| 2021 | +2.4% | -0.7% | -1.9% |
| 2020 | -20.8% | +2.4% | -2.1% |
| 2019 | +30.0% | -1.5% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Wesley Rydell Housing Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wesley Rydell Housing Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 131.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% for officers across all available filings, indicating either uncompensated leadership or that compensation is not directly paid by the organization, which is a positive for minimizing overhead.
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 Wesley Rydell Housing Corporation's IRS 990 filings:
- Consistent negative net asset position (e.g., $11.6M assets vs. $15.2M liabilities in 2023).
- Frequent operating deficits (expenses exceeding revenue in most recent years, e.g., 2023, 2022, 2021, 2020).
- Declining asset base over the last decade (from $14.1M in 2014 to $11.6M in 2023).
Strengths
The following positive indicators were identified for Wesley Rydell Housing Corporation:
- Consistent IRS 990 filing history (13 filings) indicates good compliance.
- Reported 0% officer compensation across all filings suggests low executive overhead.
- NTEE code L21 indicates a focus on direct housing development and management programs.
Frequently Asked Questions about Wesley Rydell Housing Corporation
Is Wesley Rydell Housing Corporation a legitimate charity?
Wesley Rydell Housing Corporation (EIN: 205289427) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Wesley Rydell Housing Corporation spend its money?
Wesley Rydell Housing Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wesley Rydell Housing Corporation tax-deductible?
Wesley Rydell Housing Corporation is registered as a tax-exempt nonprofit (EIN: 205289427). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wesley Rydell Housing Corporation's spending goes to programs?
Wesley Rydell Housing Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wesley Rydell Housing Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Wesley Rydell Housing Corporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wesley Rydell Housing Corporation located?
Wesley Rydell Housing Corporation is headquartered in Alexandria, Virginia and files with the IRS under EIN 205289427. It is classified under NTEE code L21.
How many years of IRS 990 filings does Wesley Rydell Housing Corporation have?
Wesley Rydell Housing Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Why does Wesley Rydell Housing Corporation consistently have negative net assets?
The organization's liabilities have consistently exceeded its assets, for example, $15,230,956 in liabilities versus $11,603,285 in assets in 2023. This indicates a long-term structural financial challenge.
Is the organization financially sustainable given its operating deficits?
The organization has consistently reported expenses exceeding revenue in most recent years (e.g., $1,860,885 expenses vs. $1,783,463 revenue in 2023), which suggests ongoing operating deficits that could challenge long-term sustainability without significant changes.
What is the nature of the organization's significant liabilities?
The provided data does not detail the nature of the liabilities, but their consistent high level (e.g., $15,230,956 in 2023) relative to assets is a key financial characteristic that warrants further investigation.
Filing History
IRS 990 filing history for Wesley Rydell Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wesley Rydell Housing Corporation's revenue has grown by 39.6%, moving from $1.3M to $1.8M. Total assets decreased by 23.5% over the same period, from $15.2M to $11.6M. Total functional expenses rose by 10.9%, from $1.7M to $1.9M. In its most recent filing year (2023), Wesley Rydell Housing Corporation reported a deficit of $77K, with expenses exceeding revenue. The organization holds $15.2M in liabilities against $11.6M in assets (debt-to-asset ratio: 131.3%), resulting in net assets of $-3,627,671.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $11.6M | $15.2M | — | — |
| 2022 | $1.7M | $1.8M | $11.9M | $15.4M | — | View 990 |
| 2021 | $1.7M | $1.8M | $12.1M | $15.6M | — | View 990 |
| 2020 | $1.6M | $1.8M | $12.4M | $15.7M | — | View 990 |
| 2019 | $2.1M | $1.7M | $12.6M | $15.9M | — | View 990 |
| 2018 | $1.6M | $1.8M | $13.0M | $16.6M | — | View 990 |
| 2017 | $2.0M | $1.7M | $13.2M | $16.6M | — | View 990 |
| 2016 | $1.6M | $1.8M | $13.6M | $17.2M | — | View 990 |
| 2015 | $1.5M | $1.7M | $13.9M | $17.3M | — | View 990 |
| 2014 | $1.5M | $1.7M | $14.2M | $17.4M | — | View 990 |
| 2013 | $1.4M | $1.7M | $14.5M | $17.5M | — | View 990 |
| 2012 | $1.4M | $1.7M | $14.8M | $17.5M | — | View 990 |
| 2011 | $1.3M | $1.7M | $15.2M | $17.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $11.6M (revenue +5.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $11.9M (revenue +0.5% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.8M, and assets of $12.1M (revenue +2.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.8M, and assets of $12.4M (revenue -20.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.7M, and assets of $12.6M (revenue +30.0% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.8M, and assets of $13.0M (revenue -22.1% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.7M, and assets of $13.2M (revenue +31.1% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.8M, and assets of $13.6M (revenue +1.9% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.7M, and assets of $13.9M (revenue +4.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.7M, and assets of $14.2M (revenue +1.2% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.7M, and assets of $14.5M (revenue +3.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.7M, and assets of $14.8M (revenue +9.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.7M, and assets of $15.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wesley Rydell Housing Corporation:
Data Sources and Methodology
This transparency report for Wesley Rydell 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.