Ohio Region Senior Citizens Housing Corporation V

Analysis

Ohio Region Senior Citizens Housing Corporation V is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in February 2006, 20 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, Ohio Region Senior Citizens Housing Corporation V reported income of $262k and spending of $349k, spending 133% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $218k to $262k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ohio Region Senior Citizens Housing Corporation V sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Stop It Now Inc ($262k), Casa Del Mar Inc ($262k) and Asi Florence Inc ($262k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 56% of the total. At year end it held assets of $2.0m against liabilities of $3.0m, net assets of -$1.1m.

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.