Danville Senior Housing Inc

Analysis

Danville Senior Housing Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in July 1996, 30 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, Danville Senior Housing Inc reported income of $299k and spending of $371k, spending 124% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $261k to $299k (+15%), an average of +4.7% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Danville Senior Housing Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include South Lake Tahoe Supportive Housing Inc ($299k), East Long Pond Apartments Inc ($299k) and Helping the Homeless ($299k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $684k against liabilities of $2.3m, net assets of -$1.6m.

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.