Villa Del Sol Senior Housing Inc

Analysis

Villa Del Sol Senior Housing Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in April 1990, 36 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, Villa Del Sol Senior Housing Inc reported income of $211k and spending of $270k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $211k (+4.2%), an average of +1.0% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Villa Del Sol Senior Housing Inc 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 52nd percentile within NM. Charities of a similar size with the same main cause include Central Ms Housing and Development Corp ($211k), Glendale Housing Corporation ($211k) and Jay Johnston and Ralph Weiser Residential Centers Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $70k. At year end it held assets of $477k against liabilities of $1.1m, net assets of -$595k.

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.