Senior Affordable Housing Corp No 4

Analysis

Senior Affordable Housing Corp No 4 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 4 reported income of $509k and spending of $675k, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $439k to $509k (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 130% 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 4 sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Healthy Homes Coalition of Westmichigan ($509k), Progressive Housing Solutions Corporation ($509k) and Appalachia Habitat for Humanity Inc ($509k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $3.5m against liabilities of $6.0m, net assets of -$2.4m.

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.