Senior Affordable Housing Corp No 3

Analysis

Senior Affordable Housing Corp No 3 is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Senior Affordable Housing Corp No 3 reported income of $867k and spending of $1.1m, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $723k to $867k (+20%), an average of +4.6% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Affordable Housing Corp No 3 sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Providence Corporation ($866k), Downtown Manhattan Community Development Corporation ($867k) and Weatherization Inc ($866k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $6.7m against liabilities of $9.7m, net assets of -$3.0m.

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.