1010 Senior Housing Corporation

Analysis

1010 Senior Housing Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in July 1993, 33 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 December 2023, 1010 Senior Housing Corporation reported income of $956k and spending of $1.6m, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $956k (+61%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 165% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1010 Senior Housing Corporation 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 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Bridging Independent Living Together Inc ($956k), Union Congregational Church Homes Phase II Inc ($956k) and Slate Creek RHF Housing Inc ($955k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Other salaries and wages came to $250k. At year end it held assets of $3.3m against liabilities of $13.8m, net assets of -$10.4m. 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.