LA Serena Housing Development Corporation

Analysis

LA Serena Housing Development Corporation is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. 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 2024, LA Serena Housing Development Corporation reported income of $523k and spending of $397k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $534k to $523k (-2.1%), an average of -0.5% a year. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Serena Housing Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Norwood Library Association Inc ($523k), PTA Missouri Congress ($523k) and Abilene Housing Inc ($523k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.5m against liabilities of $2.1m, net assets of -$611k.