D Youville Elderly Housing Corporation

Analysis

D Youville Elderly Housing Corporation is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 2004, 22 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 December 2023, D Youville Elderly Housing Corporation reported income of $445k and spending of $628k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $445k (+4.7%), an average of +1.1% a year. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, D Youville Elderly Housing Corporation 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 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include First Shiloh 202 Housing Corp ($445k), Community Housing Fund ($445k) and Laurelwood Senior Housing Corporation ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Other salaries and wages came to $149k. At year end it held assets of $5.8m against liabilities of $8.7m, net assets of -$2.9m.

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.