Monterey Road Supportive Housing Corporation

Analysis

Monterey Road Supportive Housing Corporation is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in January 1973, 53 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, Monterey Road Supportive Housing Corporation reported income of $222k and spending of $350k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $222k (+30%), an average of +6.9% a year. Over the whole period it spent 176% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monterey Road Supportive Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Albemarle Older Adult Housing Inc ($222k), Bay Aging Apartments West Point Inc ($222k) and Family Promise of Davie County ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. At year end it held assets of $3.6m against liabilities of $2.8m, net assets of $797k.

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.