Senior Citizens Housing Development Corporation of Mt Lebanon

Analysis

Senior Citizens Housing Development Corporation of Mt Lebanon is a registered charity in United States, based in Millvale, PA. 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 Mt Lebanon reported income of $611k and spending of $701k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $611k (+29%), an average of +6.5% a year. Over the whole period it spent 122% 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 Mt Lebanon sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Building and Impacting Communities Inc ($610k), Hard Bargain Mt Hope Redevelopment Inc ($611k) and Genesis House Inc ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $135k. At year end it held assets of $2.1m against liabilities of $521k, net assets of $1.6m. It reported 4 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.