Richard S Lieb Senior Apartments Inc

Analysis

Richard S Lieb Senior Apartments Inc is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Richard S Lieb Senior Apartments Inc reported income of $283k and spending of $445k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $283k (+11%), an average of +2.7% a year. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Richard S Lieb Senior Apartments Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Allen Affordable Housing Development Fund Corp ($283k), Southwoods Property Inc ($283k) and Marian House Manor Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Other salaries and wages came to $83k. At year end it held assets of $2.6m against liabilities of $5.3m, net assets of -$2.8m.

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.