Senior Citizens Housing Development Corp of Montgomery County

Analysis

Senior Citizens Housing Development Corp of Montgomery County is a registered charity in United States, based in Marlow Heights, MD. It received its IRS tax-exemption ruling in June 2002, 24 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 September 2023, Senior Citizens Housing Development Corp of Montgomery County reported income of $2.9m and spending of $2.5m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.0m to $2.9m (-3.5%), an average of -0.9% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Citizens Housing Development Corp of Montgomery County sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include St Martin de Porres Inc ($2.9m), Maryland Center for Veterans Education and Training Inc ($2.9m) and Multi-Therapeutic Services Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Other salaries and wages came to $230k. At year end it held assets of $4.0m against liabilities of $9.3m, net assets of -$5.3m. It reported 7 employees.