Southgate Apartments Non-Profit Housing Inc

Analysis

Southgate Apartments Non-Profit Housing Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southgate Apartments Non-Profit Housing Inc reported income of $1.4m and spending of $1.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.4m (+33%), an average of +9.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southgate Apartments Non-Profit Housing Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Amherst Ridge Senior Apartments Inc ($1.4m), Cdcli Housing Development Fund Corporation ($1.4m) and Perrysburg Ecumenical Housing Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $246k. At year end it held assets of $2.3m against liabilities of $112k, net assets of $2.2m.