Maria B Freitas Senior Housing Corporation

Analysis

Maria B Freitas Senior Housing Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maria B Freitas Senior Housing Corporation reported income of $741k and spending of $949k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $739k to $741k (+0.3%), an average of +0.1% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maria B Freitas Senior Housing Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Wyandanch Homes and Property Development Corporation ($741k), Middlebury Transitional Care Coalition Inc ($741k) and Central Jersey Housing Resource Center Corp ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. At year end it held assets of $1.7m against liabilities of $202k, net assets of $1.5m.

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.