Colorado Senior Residences Inc

Analysis

Colorado Senior Residences Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in March 2011, 15 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, Colorado Senior Residences Inc reported income of $13.7m and spending of $17.6m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.8m to $13.7m (+16%), an average of +3.7% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colorado Senior Residences Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Tarrant County Samaritan Housing Inc ($13.7m), Elevation Community Land Trust ($13.8m) and Pleasant View Luther Home Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $43.3m against liabilities of $78.1m, net assets of -$34.7m. It reported 107 employees.

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.