Northwest Senior Housing Corporation

Analysis

Northwest Senior Housing Corporation is a registered charity in United States, based in Winsted, CT. It received its IRS tax-exemption ruling in March 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 (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, Northwest Senior Housing Corporation reported income of $257k and spending of $383k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $257k (+0.5%), an average of +0.1% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Senior Housing Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include BSDC Neighborhood Homes Housing Development Fund Corporation ($257k), Operation Tiny Home ($257k) and Coa Senior Housing Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $69k. At year end it held assets of $2.7m against liabilities of $66k, net assets of $2.7m.

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.