Stoneman Village II Housing Corporation

Analysis

Stoneman Village II Housing Corporation is a registered charity in United States, based in Pittsburg, CA. It received its IRS tax-exemption ruling in March 1993, 33 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 September 2023, Stoneman Village II Housing Corporation reported income of $991k and spending of $1.0m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $991k (-2.4%), an average of -0.6% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stoneman Village II Housing Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Bishop Broderick Apartments Housing Development Fund Company Inc ($991k), St Bernard II ($991k) and Daytona Beach Elderly Housing Inc ($990k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Other salaries and wages came to $399k. At year end it held assets of $5.1m against liabilities of $5.6m, net assets of -$519k.

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.