Senior Affordable Housing Corp No 1

Analysis

Senior Affordable Housing Corp No 1 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, Senior Affordable Housing Corp No 1 reported income of $415k and spending of $546k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $346k to $415k (+20%), an average of +4.7% 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 1 sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Mountain Moving Ministry ($415k), Morningstar Senior Living Foundation ($415k) and Hohme Team ($415k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $2.4m against liabilities of $4.3m, net assets of -$1.9m.

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.