Senior Citizens Housing Development Corporation of Claremont

Analysis

Senior Citizens Housing Development Corporation of Claremont is a registered charity in United States, based in Claremont, NH. It received its IRS tax-exemption ruling in August 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Senior Citizens Housing Development Corporation of Claremont reported income of $1.0m and spending of $905k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.0m (+3.0%), an average of +0.7% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Citizens Housing Development Corporation of Claremont sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NH. Charities of a similar size with the same main cause include Cita Thrifts Inc ($1.0m), Bernal Gateway Housing Corporation ($1.0m) and Neighborhood Housing Community Development Corporation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 96% of the total. Other salaries and wages came to $204k. At year end it held assets of $1.3m against liabilities of $182k, net assets of $1.1m. It reported 7 employees.