Boulevard Apartments Inc

Analysis

Boulevard Apartments Inc is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in December 2003, 23 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 June 2023, Boulevard Apartments Inc reported income of $125k and spending of $236k, spending 188% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $125k to $125k (+0.1%), an average of +0.0% a year. Over the whole period it spent 189% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boulevard Apartments Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include St Simeon Foundation Inc ($125k), Oaks of Mamre Shelter Inc ($125k) and Haven of Hope of Van Wert County Inc ($125k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Other salaries and wages came to $20k. At year end it held assets of $2.1m against liabilities of $1.6m, net assets of $507k.

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.