Mansfield Retirement Community Inc

Analysis

Mansfield Retirement Community Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in October 1978, 48 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 2024, Mansfield Retirement Community Inc reported income of $2.2m and spending of $2.5m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.2m (+16%), an average of +3.8% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mansfield Retirement Community Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Hebron House of Hospitality Inc ($2.2m), Ascension Living Via Christi Village Georgetown ($2.2m) and Buffalo Neighborhood Stabilization Company Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 35% of the total. Other salaries and wages came to $347k. At year end it held assets of $5.9m against liabilities of $2.5m, net assets of $3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.