Senior Citizens Housing Development Corporation of Bell

Analysis

Senior Citizens Housing Development Corporation of Bell is a registered charity in United States, based in Bell, CA. It received its IRS tax-exemption ruling in March 2002, 24 years ago. 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, Senior Citizens Housing Development Corporation of Bell reported income of $593k and spending of $899k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $557k to $593k (+6.5%), an average of +1.6% a year. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Citizens Housing Development Corporation of Bell sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include P T Barnum Foundation Inc ($593k), Heartland Mens Chorus ($593k) and Coalition for Family & Childrens Services in Iowa Inc ($592k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Other salaries and wages came to $173k. At year end it held assets of $4.9m against liabilities of $818k, net assets of $4.1m. It reported 5 employees.

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.