Rouses Point Senior Housing Development Fund Co Inc

Analysis

Rouses Point Senior Housing Development Fund Co Inc is a registered charity in United States, based in Rouses Point, NY. It received its IRS tax-exemption ruling in May 1999, 27 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 March 2023, Rouses Point Senior Housing Development Fund Co Inc reported income of $150k and spending of $150k, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $117k to $150k (+29%), an average of +8.8% a year. The sharpest change came in the year to March 2023, when income rose by 25%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rouses Point Senior Housing Development Fund Co Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Community Housing Association for Rehabilitation Measure and ($150k), South Burlington Community Housing Corporation ($150k) and Las Casas de Vida Corporation ($150k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $13k. At year end it held assets of $757k against liabilities of $8,141, net assets of $749k. It reported 2 employees.

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.