Glendale Senior Housing Corporation

Analysis

Glendale Senior Housing Corporation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, Glendale Senior Housing Corporation reported income of $301k and spending of $421k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $285k to $301k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glendale Senior Housing Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within UT. Charities of a similar size with the same main cause include Mike Foye Home Inc ($301k), Lawton Support Services Corporation ($301k) and Leeway-Putnam Housing Corp ($301k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $44k. At year end it held assets of $1.5m against liabilities of $2.7m, net assets of -$1.2m.

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.