Station Creek Retirement Community Inc

Analysis

Station Creek Retirement Community Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2004, 22 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 June 2023, Station Creek Retirement Community Inc reported income of $321k and spending of $390k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $321k to $321k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Station Creek Retirement Community Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Giovanni Center Inc ($321k), Cote Brilliante Presbyterian Church Housing Corporation ($321k) and Teterboro I Housing Corporation ($321k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $2.3m against liabilities of $3.6m, net assets of -$1.3m. 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.