Visalia Senior Housing II Inc

Analysis

Visalia Senior Housing II Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in June 2000, 26 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, Visalia Senior Housing II Inc reported income of $623k and spending of $703k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $588k to $623k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Visalia Senior Housing II Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Russell Manor ($623k), Brockwood Community Association ($623k) and Salvation Army North Las Vegas Residences Inc ($623k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $111k. At year end it held assets of $3.9m against liabilities of $6.4m, net assets of -$2.5m.

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.