Hillcrest Senior Housing Corporation

Analysis

Hillcrest Senior Housing Corporation is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in December 2005, 21 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 September 2023, Hillcrest Senior Housing Corporation reported income of $498k and spending of $867k, spending 174% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $395k to $498k (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 174% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hillcrest Senior Housing Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Mich Interfaith Housing Corp Inc ($497k), International Hope Builders ($498k) and Foundations for Living ($497k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. At year end it held assets of $5.9m against liabilities of $10.8m, net assets of -$4.9m.

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.