Glendale Housing Corporation

Analysis

Glendale Housing Corporation is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in July 2007, 19 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 June 2023, Glendale Housing Corporation reported income of $211k and spending of $670k, spending 318% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $170k to $211k (+24%), an average of +5.6% a year. Over the whole period it spent 318% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glendale Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Villa Del Sol Senior Housing Inc ($211k), Wesley at Graceland Inc ($211k) and Central Ms Housing and Development Corp ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $8.8m against liabilities of $13.3m, net assets of -$4.5m.

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.