Hillside Elderly Housing Inc

Analysis

Hillside Elderly Housing Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in March 1992, 34 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, Hillside Elderly Housing Inc reported income of $645k and spending of $728k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $605k to $645k (+6.6%), an average of +2.1% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hillside Elderly Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Peoples Housing Inc ($644k), National Church Residences of ($645k) and Audrain County Shelter Resource Coalition ($644k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $124k. At year end it held assets of $1.5m against liabilities of $54k, net assets of $1.4m.

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.