Meadowbrook Village Christian Retirement Community

Analysis

Meadowbrook Village Christian Retirement Community is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in December 2005, 21 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, Meadowbrook Village Christian Retirement Community reported income of $10.8m and spending of $11.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.3m to $10.8m (+16%), an average of +3.7% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Meadowbrook Village Christian Retirement Community sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Avesta Housing Development Corporation ($10.8m), New Destiny Housing Corporation ($10.8m) and Superior Living Foundation Inc ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $139k (1.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $68.1m against liabilities of $64.3m, net assets of $3.7m. It reported 230 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.