Shadagee Seniors Housing Corporation

Analysis

Shadagee Seniors Housing Corporation is a registered charity in United States, based in Madrid TWP, ME. It received its IRS tax-exemption ruling in July 1982, 44 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 March 2024, Shadagee Seniors Housing Corporation reported income of $281k and spending of $317k, spending 113% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $275k to $281k (+1.9%), an average of +0.5% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shadagee Seniors Housing Corporation sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Ashville Senior Housing Association ($280k), Hosts for Hospitals ($281k) and Geary Girls Ranch North ($280k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $475k against liabilities of $615k, net assets of -$140k.