Vernon Senior Citizens Housing Development Corporation

Analysis

Vernon Senior Citizens Housing Development Corporation is a registered charity in United States, based in Leesville, LA. 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 March 2023, Vernon Senior Citizens Housing Development Corporation reported income of $373k and spending of $432k, spending 116% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $347k to $373k (+7.4%), an average of +1.8% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vernon Senior Citizens Housing Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include Gloucester Development Team Inc ($373k), Ridge Oak Management Inc ($373k) and Chapel Court Housing Corporation ($373k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $111k. At year end it held assets of $875k against liabilities of $1.2m, net assets of -$359k. It reported 4 employees.