Victoria Jennings Residences Ltd

Analysis

Victoria Jennings Residences Ltd is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1997, 29 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 December 2023, Victoria Jennings Residences Ltd reported income of $480k and spending of $494k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $579k to $480k (-17%), an average of -4.6% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Victoria Jennings Residences Ltd sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Nycha II Housing Development Fund Corporation ($480k), Pilgrim Terrace Cooperative Homes ($480k) and Urm Support Corporation ($480k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $2.1m against liabilities of $3.5m, net assets of -$1.4m. It reported 6 employees.

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.