Tree House Senior Apartments Inc

Analysis

Tree House Senior Apartments Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in June 1995, 31 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 2024, Tree House Senior Apartments Inc reported income of $695k and spending of $843k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $609k to $695k (+14%), an average of +3.4% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tree House Senior Apartments Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Community Housing Assistance Program Inc ($695k), East One Thirty Eighth Housing Development Fund Company Inc ($695k) and Homeless Coalition of Southern Indiana Inc ($694k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $190k. At year end it held assets of $1.7m against liabilities of $4.3m, net assets of -$2.5m. It reported 5 employees.

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.