Tolland Senior Housing Inc

Analysis

Tolland Senior Housing Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in July 1999, 27 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, Tolland Senior Housing Inc reported income of $500k and spending of $517k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $500k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tolland Senior Housing Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Housing Reinvestment Corporation of America ($500k), Vista Alegre ($500k) and Guam Facilities Foundation Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $83k. At year end it held assets of $2.3m against liabilities of $34k, net assets of $2.2m.

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.