North Hollywood Senior Citizens Towers Inc

Analysis

North Hollywood Senior Citizens Towers Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2024, North Hollywood Senior Citizens Towers Inc reported income of $3.3m and spending of $2.7m, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $3.3m (+12%), an average of +3.0% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Hollywood Senior Citizens Towers Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Better Community Neighborhoods Inc ($3.3m), Posada ($3.3m) and Southeast Alaska Independent Living Inc ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $10.8m against liabilities of $9.6m, net assets of $1.2m.