MV Central Park Apartments Inc

Analysis

MV Central Park Apartments Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, MV Central Park Apartments Inc reported income of $55k and spending of $54k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $363k to $55k (-85%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MV Central Park Apartments Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Community Apartments Corporation of of Metrolina 8 ($55k), Newbridge Housing I Inc ($55k) and Waltham Properties Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $683k against liabilities of $593k, net assets of $90k.