Carbondale Senior Housing Corp Phase II

Analysis

Carbondale Senior Housing Corp Phase II is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in May 1996, 30 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, Carbondale Senior Housing Corp Phase II reported income of $157k and spending of $186k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $148k to $157k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 192%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carbondale Senior Housing Corp Phase II sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Urban League of the Upstate Senior Housing Corporation ($157k), LSS Manor Inc Marquette ($157k) and Eh2 Inc ($157k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $22k (12% of expenses). At year end it held assets of $944k against liabilities of $1.0m, net assets of -$96k. It reported 1 employees.