Sacramento Elderly Housing Corporation

Analysis

Sacramento Elderly Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1995, 31 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 December 2023, Sacramento Elderly Housing Corporation reported income of $478k and spending of $604k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $478k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sacramento Elderly Housing Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Westfield 202 Inc ($478k), Community Supportive Living Systems Inc ($479k) and NHDC Hampton Court Apartments Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $128k. At year end it held assets of $2.6m against liabilities of $5.0m, net assets of -$2.3m.

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.