Family Service Senior Housing Corporation

Analysis

Family Service Senior Housing Corporation is a registered charity in United States, based in Moreno Valley, CA. It received its IRS tax-exemption ruling in December 1994, 32 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, Family Service Senior Housing Corporation reported income of $716k and spending of $735k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $518k to $716k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Service Senior Housing Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Utah Center for Affordable Housing ($715k), Creek Housing Corporation ($716k) and Immaculate Conception Senior Residence Inc ($715k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $2.3m against liabilities of $29k, net assets of $2.2m.

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.