St Thomas Episcopal Senior Citizens Housing Devel Fund Corp

Analysis

St Thomas Episcopal Senior Citizens Housing Devel Fund Corp is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in December 1981, 45 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, St Thomas Episcopal Senior Citizens Housing Devel Fund Corp reported income of $3.0m and spending of $2.0m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.0m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Thomas Episcopal Senior Citizens Housing Devel Fund Corp sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include The Safe Alliance Affordable Housing Corporation ($3.0m), Melvin J & Claire Levine Jewish Residential & Fmly SRVC of Palm Be ($3.0m) and Housing Land Trust of Sonoma County ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Other salaries and wages came to $270k. At year end it held assets of $19.3m against liabilities of $17.5m, net assets of $1.8m. It reported 5 employees.