Cedar Park Senior Housing Corporation

Analysis

Cedar Park Senior Housing Corporation is a registered charity in United States, based in Schoolcraft, MI. It received its IRS tax-exemption ruling in June 1982, 44 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, Cedar Park Senior Housing Corporation reported income of $287k and spending of $285k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $287k (+4.6%), an average of +1.1% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cedar Park Senior Housing Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Tentmakers Inc ($287k), Magdalene House Okc Inc ($287k) and Durham Trinity Corporation ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Other salaries and wages came to $37k. At year end it held assets of $450k against liabilities of $797k, net assets of -$347k.