Reisterstown Village Senior Housing Inc

Analysis

Reisterstown Village Senior Housing Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in July 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reisterstown Village Senior Housing Inc reported income of $624k and spending of $726k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $541k to $624k (+15%), an average of +3.7% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reisterstown Village Senior Housing Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Albany Area Habitat for Humanity ($624k), University Center for Senior Citizens Inc ($625k) and Threshold Housing Development Inc ($624k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $223k. At year end it held assets of $2.9m against liabilities of $5.4m, net assets of -$2.5m.

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.