Frances Senior Housing Corporation

Analysis

Frances 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, Frances Senior Housing Corporation reported income of $944k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $954k to $944k (-1.1%), an average of -0.3% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frances Senior Housing Corporation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Raise-Op Housing Cooperative ($941k), Affordable Homes for All ($944k) and Tampa Bay Community Development Corporation ($941k).

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 $204k. At year end it held assets of $3.7m against liabilities of $366k, net assets of $3.4m.

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.