Village East Senior Housing Association

Analysis

Village East Senior Housing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in May 1997, 29 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, Village East Senior Housing Association reported income of $567k and spending of $488k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $567k (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village East Senior Housing Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Saugatucket Springs Inc ($567k), Cornerstone Village Inc ($567k) and South Jefferson Housing Development Fund Co Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.9m against liabilities of $36k, net assets of $1.8m.