Miami Beach Senior Citizens Housing Development Corporation Inc

Analysis

Miami Beach Senior Citizens Housing Development Corporation Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in August 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 June 2023, Miami Beach Senior Citizens Housing Development Corporation Inc reported income of $833k and spending of $358k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $833k (-77%), an average of -30% a year. The sharpest change came in the year to June 2020, when income rose by 804%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miami Beach Senior Citizens Housing Development Corporation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Village East Retirement Communityinc ($833k), Housing Alternatives Inc a Ca Non Profit Public Benefit Corp ($833k) and Laredo-Webb Neighborhood Housing Services Inc ($833k).

At year end it held assets of $30.5m against liabilities of $343, net assets of $30.5m. It reported 19 employees.