Gardena Marine Ave Senior Housing Inc

Analysis

Gardena Marine Ave Senior Housing Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in December 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 June 2024, Gardena Marine Ave Senior Housing Inc reported income of $902k and spending of $964k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $747k to $902k (+21%), an average of +4.8% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gardena Marine Ave Senior Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Family Promise of Midland Texas Inc ($902k), Margaret Ford Manor Ltd ($902k) and The Time Is Now to Help the Children and Elderly ($902k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $3.9m against liabilities of $74k, net assets of $3.8m.

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.