Bandera Senior Housing Corp

Analysis

Bandera Senior Housing Corp is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in November 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 September 2023, Bandera Senior Housing Corp reported income of $777k and spending of $966k, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $618k to $777k (+26%), an average of +5.9% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bandera Senior Housing Corp sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include American Village Communities Inc ($777k), National Lutheran Home for the Aged Incorporated ($778k) and Dillon Complex for Independent Living Inc ($776k).

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 $3.5m 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.