SNHS Elderly Housing VII Inc

Analysis

SNHS Elderly Housing VII Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in September 2012, 14 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, SNHS Elderly Housing VII Inc reported income of $726k and spending of $978k, spending 135% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $632k to $726k (+15%), an average of +3.5% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SNHS Elderly Housing VII Inc 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 75th percentile, and in the 78th percentile within NH. Charities of a similar size with the same main cause include Telacu Housing-Monterey Park Inc ($726k), Southern California Housing Collaborative ($726k) and Ria Inc ($726k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $145k. At year end it held assets of $8.1m against liabilities of $11.0m, net assets of -$2.9m.

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.