Colony Retirement Homes of Holden Inc

Analysis

Colony Retirement Homes of Holden Inc is a registered charity in United States, based in Holden, MA. It received its IRS tax-exemption ruling in March 1980, 46 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 December 2023, Colony Retirement Homes of Holden Inc reported income of $1.5m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+31%), an average of +7.0% a year. Over the whole period it spent 190% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colony Retirement Homes of Holden Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Compass Realty & Construction Group ($1.5m), Lutheran Development Group Inc ($1.5m) and Albany County Land Bank Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $59k (3.8% of expenses). Other salaries and wages came to $233k. At year end it held assets of $2.4m against liabilities of $7.7m, net assets of -$5.3m.