Matthew Senior Housing Corporation

Analysis

Matthew Senior Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1993, 33 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 2024, Matthew Senior Housing Corporation reported income of $1.6m and spending of $1.8m, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $1.6m (+0.5%), an average of +0.1% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Matthew Senior Housing Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Fresh Start of Monroe Inc ($1.6m), Bomh Inc ($1.6m) and Jewish Home Care Services Inc a Calif Non-Profit Bene Corp ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $339k. At year end it held assets of $8.4m against liabilities of $1.5m, net assets of $6.8m.

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.