Sheldon Terrace Supportive Housing Corporation

Analysis

Sheldon Terrace Supportive Housing Corporation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 2008, 18 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, Sheldon Terrace Supportive Housing Corporation reported income of $153k and spending of $220k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $167k to $153k (-8.6%), an average of -2.2% a year. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sheldon Terrace Supportive Housing Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include E I H Bayview Inc ($153k), Day Spring Baxter Avenue Inc ($153k) and New Directions of Jacksonville Il Inc ($153k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $23k. At year end it held assets of $2.8m against liabilities of $143k, net assets of $2.6m.

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.