CCHNC Visalia Senior Housing Corporation

Analysis

CCHNC Visalia Senior Housing Corporation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, CCHNC Visalia Senior Housing Corporation reported income of $403k and spending of $719k, spending 178% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $343k to $403k (+17%), an average of +4.1% a year. Over the whole period it spent 171% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CCHNC Visalia Senior Housing Corporation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Roosevelt Senior Citizens Housing Corporation ($403k), Augustana Apartments Inc ($403k) and Columbia Downtown Housing Corporation ($403k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $7.1m against liabilities of $11.0m, net assets of -$3.9m.

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.