Laurelwood Senior Housing Corporation

Analysis

Laurelwood Senior Housing Corporation is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in November 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Laurelwood Senior Housing Corporation reported income of $445k and spending of $389k, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $391k to $445k (+14%), an average of +2.6% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laurelwood Senior Housing Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Saint Joseph Village Corporation ($445k), First Shiloh 202 Housing Corp ($445k) and Jersey Counselling and Housing Development Inc ($445k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.1m against liabilities of $290k, net assets of $829k.