Farrell-Bell Senior Housing Apartments Inc

Analysis

Farrell-Bell Senior Housing Apartments Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2013, 13 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, Farrell-Bell Senior Housing Apartments Inc reported income of $395k and spending of $573k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $395k (+16%), an average of +3.7% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Farrell-Bell Senior Housing Apartments Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Fillmore Housing Development Corporation ($395k), Ryder Village II Inc ($396k) and Rainbow Place Shelter for Homeless Women Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $118k. At year end it held assets of $2.6m against liabilities of $4.7m, net assets of -$2.1m.

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.