Senior Citizens Housing Development Corporation of Ville Platte

Analysis

Senior Citizens Housing Development Corporation of Ville Platte is a registered charity in United States, based in Ville Platte, LA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. 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, Senior Citizens Housing Development Corporation of Ville Platte reported income of $560k and spending of $652k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $486k to $560k (+15%), an average of +3.6% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizens Housing Development Corporation of Ville Platte sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include PS 87 Pa Inc ($560k), Turn Center Foundation Inc ($560k) and Foundation for the Reichhold Center for the Arts ($560k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Other salaries and wages came to $173k. At year end it held assets of $1.0m against liabilities of $320k, net assets of $705k. It reported 4 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.