Unlimited Senior Housing Inc

Analysis

Unlimited Senior Housing Inc is a registered charity in United States, based in Oakmont, PA. It received its IRS tax-exemption ruling in June 1993, 33 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, Unlimited Senior Housing Inc reported income of $509k and spending of $510k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $509k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Unlimited Senior Housing Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Turning Point Red Hook Housing Development Fund Corporation ($509k), Loving Care Senior Services Inc ($510k) and Dekalb County Residential Development Corporation ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $73k. At year end it held assets of $1.5m against liabilities of $3.2m, net assets of -$1.7m.

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.