North Richmond Senior Housing Inc

Analysis

North Richmond Senior Housing Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in October 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 (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, North Richmond Senior Housing Inc reported income of $504k and spending of $797k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $504k (+4.3%), an average of +1.1% a year. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Richmond Senior Housing Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Saline Community Directions Inc Nonprofit Housing Corporation ($504k), Community Care of Wells County Inc ($504k) and Safehome Systems Inc ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $108k. At year end it held assets of $3.3m against liabilities of $7.6m, net assets of -$4.2m.

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.