Tolton Senior Housing Corporation

Analysis

Tolton Senior Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 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 2024, Tolton Senior Housing Corporation reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.1m (+12%), an average of +2.8% 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, Tolton Senior Housing Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Monsignor Neagle Apartments Inc ($1.1m), Berean Housing Development Fund Company Inc ($1.1m) and Westmoreland Non-Profit Housing Corporation ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $142k. At year end it held assets of $4.3m against liabilities of $294k, net assets of $4.0m.

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.