Geriatric Living Solutions

Analysis

Geriatric Living Solutions is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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, Geriatric Living Solutions reported income of $1.3m and spending of $1.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $640k to $1.3m (+98%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Geriatric Living Solutions sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Presbyterian Apartments at 58th Street Inc ($1.3m), Fields Edge ($1.3m) and Civic East 156th Street Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $73k against liabilities of $1.0m, net assets of -$970k. It reported 33 employees.

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.