Vinecrest Senior Apartments Inc

Analysis

Vinecrest Senior Apartments Inc is a registered charity in United States, based in Santa Rosa, CA. 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 December 2023, Vinecrest Senior Apartments Inc reported income of $476k and spending of $640k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $476k (+29%), an average of +6.5% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vinecrest Senior Apartments Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Our Neighbors Place Inc ($476k), Fair Housing Council of Central California ($476k) and Parkwood Properties Ltd ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 61% of the total. Other salaries and wages came to $99k. At year end it held assets of $2.9m against liabilities of $2.1m, net assets of $837k.

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.