Senior Citizens Housing Development Corporation of Chicago

Analysis

Senior Citizens Housing Development Corporation of Chicago is a registered charity in United States, based in Chicago, IL. 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 June 2023, Senior Citizens Housing Development Corporation of Chicago reported income of $4.4m and spending of $3.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.4m (+9.7%), an average of +2.3% a year. Over the whole period it spent 84% 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 Corporation of Chicago sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Echelon Housing Inc ($4.4m), Emma Norton Services ($4.4m) and Live the Dream Development Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Other salaries and wages came to $776k. At year end it held assets of $6.1m against liabilities of $2.9m, net assets of $3.2m. It reported 15 employees.