Senior Citizens Housing Development Fund Corporation of Stueben County

Analysis

Senior Citizens Housing Development Fund Corporation of Stueben County is a registered charity in United States, based in Bath, NY. It received its IRS tax-exemption ruling in August 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 (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, Senior Citizens Housing Development Fund Corporation of Stueben County reported income of $457k and spending of $483k, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $364k to $457k (+26%), an average of +5.9% a year. The sharpest change came in the year to March 2023, when income rose by 25%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Citizens Housing Development Fund Corporation of Stueben County sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Doors of Change ($457k), Evergreen Union Retirement Association ($457k) and 2life Realty Inc ($457k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $106k. At year end it held assets of $1.4m against liabilities of $237k, net assets of $1.1m. It reported 6 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.