Bernardine Senior Housing Corporation

Analysis

Bernardine Senior Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 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, Bernardine Senior Housing Corporation reported income of $1.8m and spending of $2.2m, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $1.8m (+5.6%), an average of +1.4% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bernardine Senior Housing Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Las Madrinas ($1.8m), San Diego County Junior Golf Association Inc ($1.8m) and Bangor Homes Non-Profit Housing Corporation ($1.8m).

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 $360k. At year end it held assets of $10.3m against liabilities of $998k, net assets of $9.4m.

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.