LF Bella Vista Apartments Inc

Analysis

LF Bella Vista Apartments Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in June 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 (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, LF Bella Vista Apartments Inc reported income of $111k and spending of $171k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $109k to $111k (+1.9%), an average of +0.5% a year. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LF Bella Vista Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within AZ. Charities of a similar size with the same main cause include Sheltering Arms Housing Corporation ($111k), Tri-Cities Terrace South ($111k) and Independent Living of Greenbrier Inc ($111k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.7m against liabilities of $2.2m, net assets of -$493k.

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.