Silver Lake Senior Housing Corporation

Analysis

Silver Lake Senior Housing Corporation is a registered charity in United States, based in North Conway, NH. It received its IRS tax-exemption ruling in March 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 June 2024, Silver Lake Senior Housing Corporation reported income of $207k and spending of $211k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $181k to $207k (+14%), an average of +3.4% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Silver Lake Senior Housing Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within NH. Charities of a similar size with the same main cause include Mercy Manor ($207k), Fred Woods Home Inc ($207k) and Alliance Good Samaritan Housing Inc ($207k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 90% of the total. At year end it held assets of $1.3m against liabilities of $72k, net assets of $1.2m.

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.