Garden Terrace Commons Senior Housing

Analysis

Garden Terrace Commons Senior Housing is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 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, Garden Terrace Commons Senior Housing reported income of $255k and spending of $388k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $255k (+8.1%), an average of +2.0% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garden Terrace Commons Senior Housing sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Lower East Side Coalition Housing Development Inc ($255k), Restoration Properties Group ($256k) and Mental Health Care Affordable Housing IV Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.9m against liabilities of $245k, net assets of $1.7m.

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.