Presidio Village Senior Housing Inc

Analysis

Presidio Village Senior Housing Inc is a registered charity in United States, based in Pittsburg, CA. It received its IRS tax-exemption ruling in March 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 2024, Presidio Village Senior Housing Inc reported income of $1.7m and spending of $2.0m, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.7m (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presidio Village Senior Housing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Martin Luther Tower Inc ($1.7m), South Mississippi Housing Anddevelopment Corporation ($1.7m) and East Tennessee Housing Development Corporation ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $94k (4.6% of expenses). Other salaries and wages came to $654k. At year end it held assets of $7.8m against liabilities of $13.8m, net assets of -$6.0m. It reported 13 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.