Arastradero Park Apartment Corporation

Analysis

Arastradero Park Apartment Corporation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in August 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arastradero Park Apartment Corporation reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+7.6%), an average of +1.9% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arastradero Park Apartment Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Suitland Housing Corporation a Community Housing Development Org ($1.5m), Long Island Partnership CLT Housing Development Fund Company Inc ($1.5m) and Villa Regina ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $161k. At year end it held assets of $5.3m against liabilities of $6.5m, net assets of -$1.2m.