Pilgrim Senior Citizens Housing Development Corporation

Analysis

Pilgrim Senior Citizens Housing Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1978, 48 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pilgrim Senior Citizens Housing Development Corporation reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.3m (+10%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pilgrim Senior Citizens Housing Development Corporation 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 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Metropolitan Housing Development Corporation ($1.3m), Friends of the Levitt Pavilion Inc ($1.3m) and Neighbors Together Corp ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $270k. At year end it held assets of $1.9m against liabilities of $3.0m, net assets of -$1.1m. It reported 13 employees.