Elder Housing Corporation Inc

Analysis

Elder Housing Corporation Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in November 2000, 26 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, Elder Housing Corporation Inc reported income of $692k and spending of $691k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $655k to $692k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 477%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elder Housing Corporation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Winter Nights Family Shelter ($692k), Bethany Shadow Woods Inc ($693k) and Western Home Foundation ($692k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $87k. At year end it held assets of $12.0m against liabilities of $109k, net assets of $11.9m. It reported 3 employees.