South Southwest Elderly Housing Corporation Inc

Analysis

South Southwest Elderly Housing Corporation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 2021, 5 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, South Southwest Elderly Housing Corporation Inc reported income of $336k and spending of $458k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $288k to $336k (+16%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Southwest Elderly Housing Corporation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include M and M Family Care Center Inc ($336k), Workforce Housing of Okeechobee Inc ($336k) and Valle Del Desierto an Arizona Non-Profit Corporation ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 86% of the total. At year end it held assets of $1.2m against liabilities of $91k, net assets of $1.1m.