Rios Senior Residence Housing Development Fund Corporation

Analysis

Rios Senior Residence Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Rios Senior Residence Housing Development Fund Corporation reported income of $2.0m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.0m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rios Senior Residence Housing Development Fund Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Spring River Home Health Agency Inc ($1.9m), Sutter Roseville Medical Center Foundation ($2.0m) and Life Choices of Memphis Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.0m against liabilities of $10.2m, net assets of -$4.2m.