Vista Serena Housing Development Corporations

Analysis

Vista Serena Housing Development Corporations is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. 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 2024, Vista Serena Housing Development Corporations reported income of $149k and spending of $223k, spending 150% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $123k to $149k (+21%), an average of +3.9% a year. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vista Serena Housing Development Corporations 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 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include PTA Colorado Congress ($149k), Boy Scouts of America ($149k) and Dekalb Housing Development Fund Company Inc ($149k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $938k against liabilities of $1.0m, net assets of -$81k. It reported 1 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.