Senior Citizens Housing Development Corporation of Washington

Analysis

Senior Citizens Housing Development Corporation of Washington is a registered charity in United States, based in Plantation, FL. 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 December 2023, Senior Citizens Housing Development Corporation of Washington reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+11%), an average of +2.7% a year. Over the whole period it spent 101% 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 Washington sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Rancho Sespe Workers Improvement Association Corp ($1.2m), Lodi House ($1.2m) and Rebuilding Together East Bay Network ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $210k. At year end it held assets of $1.7m against liabilities of $3.8m, net assets of -$2.2m. It reported 4 employees.