Sherman Way Senior Citizen Housing Corporation

Analysis

Sherman Way Senior Citizen Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1983, 43 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 March 2024, Sherman Way Senior Citizen Housing Corporation reported income of $1.5m and spending of $1.1m, leaving 24% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.5m (+30%), an average of +6.8% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sherman Way Senior Citizen Housing Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include South Bronx Housing Development Fund Co Inc ($1.5m), Fairfax Renaissance Development Corporation ($1.5m) and Habitat for Humanity International Inc ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $5.2m against liabilities of $4.7m, net assets of $535k.