Jewish Home of Central New York Senior Apartments Inc

Analysis

Jewish Home of Central New York Senior Apartments Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in January 2006, 20 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, Jewish Home of Central New York Senior Apartments Inc reported income of $2.1m and spending of $2.4m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.1m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jewish Home of Central New York Senior Apartments Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Community Homeworks ($2.1m), Rising Tide Partners ($2.1m) and Placer Family Housing Non-Profit Organization ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. Other salaries and wages came to $809k. At year end it held assets of $5.3m against liabilities of $5.4m, net assets of -$114k. It reported 59 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.