Main and Arnold Senior Housing Inc

Analysis

Main and Arnold Senior Housing Inc is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in March 2006, 20 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, Main and Arnold Senior Housing Inc reported income of $885k and spending of $1.2m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $885k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. 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, Main and Arnold Senior Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Cass Housing Inc ($885k), Federation Landings Inc ($885k) and 911 Park Place ($884k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $172k. At year end it held assets of $7.0m against liabilities of $3.2m, net assets of $3.8m.

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.