First Senior Housing Corporation

Analysis

First Senior Housing Corporation is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in December 1996, 30 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, First Senior Housing Corporation reported income of $960k and spending of $837k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $816k to $960k (+18%), an average of +4.2% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Senior Housing Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Harry and Jeanette Weinberg Gardens Housing Development Fund Co Inc ($960k), Guardian Center Inc ($960k) and Parkland at Shaker Pointe at Carondelet Inc ($960k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $3.5m against liabilities of $2.8m, net assets of $792k.