Carbondale Senior Housing Corporation Phase V

Analysis

Carbondale Senior Housing Corporation Phase V is a registered charity in United States, based in Carbondale, CO. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carbondale Senior Housing Corporation Phase V reported income of $136k and spending of $194k, spending 143% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $131k to $136k (+3.6%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 222%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carbondale Senior Housing Corporation Phase V sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within CO. Charities of a similar size with the same main cause include Perry Hilltop Citizens Council Inc ($136k), Opportunity Inc ($136k) and Somerset Lutheran Housing Community Inc ($136k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $22k (11% of expenses). At year end it held assets of $2.0m against liabilities of $2.1m, net assets of -$48k. It reported 1 employees.