Belmont Elderly Housing Inc

Analysis

Belmont Elderly Housing Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in February 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 March 2024, Belmont Elderly Housing Inc reported income of $457k and spending of $464k, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $456k to $457k (+0.1%), an average of +0.0% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belmont Elderly Housing Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within NH. Charities of a similar size with the same main cause include Pyareo Home Inc ($457k), 2life Realty Inc ($457k) and Foundation for Neurodiverse Housing and Community Development Inc ($456k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $1.6m against liabilities of $2.4m, net assets of -$863k.

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.