Senior Housing at Mahopac Hills Housing Development Fund Corp

Analysis

Senior Housing at Mahopac Hills Housing Development Fund Corp is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in September 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 December 2023, Senior Housing at Mahopac Hills Housing Development Fund Corp reported income of $851k and spending of $688k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $640k to $851k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Housing at Mahopac Hills Housing Development Fund Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Community Action Shelter Associates 2 Inc ($851k), Villa Ciera Inc ($851k) and Villa Maria of Corpus Christi Inc ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $141k. At year end it held assets of $5.7m against liabilities of $53k, net assets of $5.6m.