Cloverwood Senior Living Inc

Analysis

Cloverwood Senior Living Inc is a registered charity in United States, based in Pittsford, NY. It received its IRS tax-exemption ruling in April 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 December 2023, Cloverwood Senior Living Inc reported income of $14.2m and spending of $14.9m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.7m to $14.2m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cloverwood Senior Living Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Downtown Rescue Mission Inc ($14.2m), Christian Care Tucson Inc ($14.2m) and Alexandria Housing Development Corporation ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 94% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $46.5m against liabilities of $67.1m, net assets of -$20.7m. It reported 277 employees.