Senior Citizens Housing Development Corporation of Los Angeles

Analysis

Senior Citizens Housing Development Corporation of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2002, 24 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, Senior Citizens Housing Development Corporation of Los Angeles reported income of $756k and spending of $870k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $566k to $756k (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Senior Citizens Housing Development Corporation of Los Angeles sits at the 67th percentile: it is larger than about 66% 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 Will Woods VII ($756k), Emergency Services and Homeless Coalition of St Johns County Incor ($757k) and 4-12 Gouverneur Place Housing Development Fund Corporation ($756k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 88% of the total. Other salaries and wages came to $152k. At year end it held assets of $3.8m against liabilities of $2.3m, net assets of $1.5m. It reported 4 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.