Golden Years Senior Apartments Inc

Analysis

Golden Years Senior Apartments Inc is a registered charity in United States, based in North Hollywood, CA. It received its IRS tax-exemption ruling in June 1995, 31 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, Golden Years Senior Apartments Inc reported income of $1.0m and spending of $1.2m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $929k to $1.0m (+12%), an average of +2.9% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Years Senior Apartments Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Senior Housing Inc ($1.0m), Greater Kansas City Coalition to End Homelessness ($1.0m) and Cover Home Repair Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. At year end it held assets of $5.4m against liabilities of $857k, net assets of $4.6m.

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.