Cortland Affordable Senior Housing Inc

Analysis

Cortland Affordable Senior Housing Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in July 2002, 24 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, Cortland Affordable Senior Housing Inc reported income of $180k and spending of $232k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $180k (+3.1%), an average of +0.8% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cortland Affordable Senior Housing Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Serenity Village of Opelousas Inc ($180k), Foundation for Quality Housing Opportunities ($180k) and Franklin Foundation of Germantown Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. At year end it held assets of $1.2m against liabilities of $36k, net assets of $1.1m.

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.