Moreno Valley Senior Housing Inc

Analysis

Moreno Valley Senior Housing Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in January 2002, 24 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 June 2024, Moreno Valley Senior Housing Inc reported income of $864k and spending of $1.0m, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $699k to $864k (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Moreno Valley Senior Housing Inc 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 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Community Housing Assistance Program ($864k), Madison Countians Allied Against Poverty Inc ($865k) and Medford Community Center Inc ($863k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $4.8m against liabilities of $116k, net assets of $4.7m.

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.