Carbondale Senior Housing Corporation Phase IV

Analysis

Carbondale Senior Housing Corporation Phase IV is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in October 2001, 25 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, Carbondale Senior Housing Corporation Phase IV reported income of $162k and spending of $188k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $157k to $162k (+3.2%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 196%. Over the whole period it spent 72% 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 Corporation Phase IV sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Cottages at Beaufort II Inc ($162k), CLT Interboro CLT Housing Development Fund Corporation ($162k) and Rockland Recovery Homes Inc ($162k).

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 $1.1m against liabilities of $1.2m, net assets of -$95k. It reported 1 employees.