Parkland at Shaker Pointe at Carondelet Inc

Analysis

Parkland at Shaker Pointe at Carondelet Inc is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in February 2011, 15 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 June 2023, Parkland at Shaker Pointe at Carondelet Inc reported income of $960k and spending of $1.7m, spending 173% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $960k (-12%), an average of -4.2% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parkland at Shaker Pointe at Carondelet Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Ecumenical Retirement Housing Inc Monona Meadows ($960k), Harry and Jeanette Weinberg Gardens Housing Development Fund Co Inc ($960k) and Schoharie County Rural Preservation Corp ($959k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11.1m against liabilities of $13.7m, net assets of -$2.6m.

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.