Senior Affordable Housing Corp No 6

Analysis

Senior Affordable Housing Corp No 6 is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in October 2003, 23 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 6 reported income of $485k and spending of $616k, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $504k to $485k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to September 2020, when income dropped by 20%. Over the whole period it spent 124% 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 6 sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Bergen County Community Housing in Partnership Inc ($485k), Northwest Iowa Housing Trust Fund Inc ($485k) and Ahepa 29 Phase II Inc ($485k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $3.7m against liabilities of $5.7m, net assets of -$2.0m.

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.