Council of Elders Housing Corporation II

Analysis

Council of Elders Housing Corporation II is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1987, 39 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 December 2023, Council of Elders Housing Corporation II reported income of $53k and spending of $15k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $53k (-98%), an average of -63% a year. The sharpest change came in the year to December 2023, when income rose by 276%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Council of Elders Housing Corporation II sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Passavant Memorial Homes X ($53k), Project Brotherhood Resolve Inc ($53k) and Rosaria Communities in Gaithersburg Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 0.2% of the total. At year end it held assets of $7.1m against liabilities of $8.6m, net assets of -$1.5m.