Senior Housing Corporation III

Analysis

Senior Housing Corporation III is a registered charity in United States, based in Collingswood, NJ. It received its IRS tax-exemption ruling in February 1997, 29 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, Senior Housing Corporation III reported income of $1.4m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+20%), an average of +4.6% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Housing Corporation III sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include John W King Senior Community ($1.4m), Associated Filipino Organizations of San Joaquin County ($1.4m) and Hope Harbor ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $229k. At year end it held assets of $5.8m against liabilities of $8.2m, net assets of -$2.4m. It reported 7 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.