SJMC Senior Housing Development Fund Corporation

Analysis

SJMC Senior Housing Development Fund Corporation is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in July 2001, 25 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, SJMC Senior Housing Development Fund Corporation reported income of $988k and spending of $1.2m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $779k to $988k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2022, when income rose by 50%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SJMC Senior 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 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Build Love and Hope Inc ($987k), Sycamore Square Housing Corporation ($988k) and Future Choices Inc ($986k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $274k. At year end it held assets of $7.7m against liabilities of $12.2m, net assets of -$4.5m. It reported 4 employees.