Hayes Senior Housing Corporation

Analysis

Hayes Senior Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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, Hayes Senior Housing Corporation reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.1m (+7.2%), an average of +1.7% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hayes Senior Housing Corporation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Grand Valley University Foundation ($1.1m), Northeast Waste Management Officials Association Inc ($1.1m) and Sacred Heart Village I Inc ($1.1m).

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 $144k. At year end it held assets of $2.7m against liabilities of $2.0m, net assets of $717k.

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.