Holyoke Retirement Community Inc

Analysis

Holyoke Retirement Community Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in August 2017, 9 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, Holyoke Retirement Community Inc reported income of $12.3m and spending of $15.0m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.2m to $12.3m (+9.5%), an average of +2.3% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holyoke Retirement Community Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Sunnyside Properties of Sarasota Inc ($12.3m), Newco Alp Inc ($12.3m) and Midpen Resident Services Corporation ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $10.0m against liabilities of $13.4m, net assets of -$3.4m. It reported 240 employees.