Chapel Hill Residential Retirement Center Inc

Analysis

Chapel Hill Residential Retirement Center Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in March 1973, 53 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, Chapel Hill Residential Retirement Center Inc reported income of $35.1m and spending of $34.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.7m to $35.1m (+4.1%), an average of +1.0% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chapel Hill Residential Retirement Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Humangood Fresno ($35.0m), West Side Federation for Senior Housing Inc ($35.2m) and Austin Affordable Housing Corporation ($34.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.7m (4.9% of expenses). Other salaries and wages came to $381k. At year end it held assets of $122.0m against liabilities of $88.4m, net assets of $33.6m. It reported 475 employees.