Sherman Oaks Senior Citizen Housing Corporation

Analysis

Sherman Oaks 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 1991, 35 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 2023, Sherman Oaks Senior Citizen Housing Corporation reported income of $758k and spending of $1.0m, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $708k to $758k (+7.0%), an average of +2.3% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sherman Oaks Senior Citizen Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Fountain West Apartments Inc ($758k), Telacu Housing-San Bernardino IV Inc ($758k) and Houston RHF Housing Inc ($757k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. At year end it held assets of $3.2m against liabilities of $1.9m, net assets of $1.2m.

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.