Odenton Senior Housing II Inc

Analysis

Odenton Senior Housing II Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in March 1946, 80 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, Odenton Senior Housing II Inc reported income of $682k and spending of $669k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $453k to $682k (+51%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Odenton Senior Housing II Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Peninsula Housing Development Inc X ($682k), Restoring Communities Housing Development Fund Corporation ($682k) and Sacred Heart Retirement Community Inc ($682k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Other salaries and wages came to $150k. At year end it held assets of $5.7m against liabilities of $7.8m, net assets of -$2.1m.