Senior Housing Options Inc

Analysis

Senior Housing Options Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1980, 46 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, Senior Housing Options Inc reported income of $7.6m and spending of $7.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $7.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 477%. 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, Senior Housing Options Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Lazarus House Incorporated ($7.6m), PHW Germantown Inc ($7.6m) and 163rd Street Improvement Council Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $312k (4.0% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $18.2m against liabilities of $9.2m, net assets of $9.0m. It reported 142 employees.