Jewish Home Lifecare University Avenue Assisted Living Inc

Analysis

Jewish Home Lifecare University Avenue Assisted Living Inc is a registered charity in United States, based in New York, NY. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jewish Home Lifecare University Avenue Assisted Living Inc reported income of $3.1m and spending of $4.3m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.1m (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jewish Home Lifecare University Avenue Assisted Living Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include South Bronx Community Management Company Inc ($3.1m), Affordable Housing Program Inc ($3.1m) and Oaksatl Community Development Incorporated ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $755k. At year end it held assets of $21.1m against liabilities of $2.5m, net assets of $18.7m. It reported 13 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.