Ontario Senior Housing Inc

Analysis

Ontario Senior Housing Inc is a registered charity in United States, based in Warren, MI. 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 June 2024, Ontario Senior Housing Inc reported income of $1.1m and spending of $1.3m, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $959k to $1.1m (+10%), an average of +2.5% a year. 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, Ontario Senior Housing Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Beatrice C Catullo Residence Housing Development Fund Corp ($1.1m), Metro North Gardens Housing Development Fund Corporation ($1.1m) and Breaking the Chains 23 ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 39% of the total. At year end it held assets of $7.5m against liabilities of $1.0m, net assets of $6.5m.

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.