Sherrill-Kenwood Community Retirement Housing Corporation

Analysis

Sherrill-Kenwood Community Retirement Housing Corporation is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in August 1982, 44 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 2023, Sherrill-Kenwood Community Retirement Housing Corporation reported income of $752k and spending of $691k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $683k to $752k (+10%), an average of +3.3% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sherrill-Kenwood Community Retirement Housing Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include St Timothy Manor Inc ($752k), Hogar Colinas Verdes Inc ($752k) and Fair Housing Center of Metropolitan Detroit ($752k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $164k. At year end it held assets of $3.2m against liabilities of $1.5m, net assets of $1.7m.