Fairview Park Senior Apartment Corporation

Analysis

Fairview Park Senior Apartment Corporation is a registered charity in United States, based in Fairview Park, OH. It received its IRS tax-exemption ruling in December 1987, 39 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 May 2024, Fairview Park Senior Apartment Corporation reported income of $831k and spending of $842k, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $749k to $831k (+11%), an average of +2.6% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairview Park Senior Apartment Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Kekaulike Courtyards Corporation ($831k), Mountain View Housing Inc ($831k) and Minnesota Odd Fellows Housing for the Elderly ($831k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.9m against liabilities of $3.8m, net assets of -$1.9m. It reported 5 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.