Revere Elderly Housing Inc

Analysis

Revere Elderly Housing Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in August 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Revere Elderly Housing Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.6m (+3.0%), an average of +1.0% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Revere Elderly Housing Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Presentation Senior Community ($1.6m), Beth-El Center Inc ($1.6m) and Sebastopol Area Housing Corporation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $2.6m against liabilities of $4.7m, net assets of -$2.1m.