Good Samaritan Senior Housing Development Fund Company Inc

Analysis

Good Samaritan Senior Housing Development Fund Company Inc is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in April 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Samaritan Senior Housing Development Fund Company Inc reported income of $300k and spending of $323k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $300k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good Samaritan Senior Housing Development Fund Company Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Anayat House Inc ($300k), Academy Square Apartments Housing Development Fund Company Inc ($300k) and Pace Economic Development Corporation ($300k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 83% of the total. Other salaries and wages came to $89k. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$351k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.