Saint Johns Senior Citizen Housing Development Fund Company Inc

Analysis

Saint Johns Senior Citizen Housing Development Fund Company Inc is a registered charity in United States, based in Hicksville, NY. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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 September 2023, Saint Johns Senior Citizen Housing Development Fund Company Inc reported income of $2.3m and spending of $1.3m, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Johns Senior Citizen Housing Development Fund Company Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Creative Montessori Learning Center Inc ($2.3m), Mid-County Soccer Association Incorporated ($2.3m) and Mental Health Corporation of America Inc ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $175k. At year end it held assets of $5.3m against liabilities of $2.7m, net assets of $2.7m.