Concord Senior Citizen Housing Dev

Analysis

Concord Senior Citizen Housing Dev is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Concord Senior Citizen Housing Dev reported income of $595k and spending of $505k, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $554k to $595k (+7.4%), an average of +1.8% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concord Senior Citizen Housing Dev sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Retiree Housing of Atlanta Inc ($595k), Skyline Lodge Inc ($595k) and Ahepa 310-Iii Inc ($595k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $1.8m against liabilities of $1.8m, net assets of $272. It reported 2 employees.