Housing for Rockdale Elders Inc

Analysis

Housing for Rockdale Elders Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1983, 43 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 October 2023, Housing for Rockdale Elders Inc reported income of $554k and spending of $533k, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $494k to $554k (+12%), an average of +2.9% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing for Rockdale Elders Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Oak View Housing Inc ($554k), Rolling Meadows Homes Cooperative ($554k) and Habitat for Humanity International Inc ($554k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $578k against liabilities of $1.7m, net assets of -$1.1m.