Elderly Housing Management Inc

Analysis

Elderly Housing Management Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 September 2023, Elderly Housing Management Inc reported income of $13.1m and spending of $13.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.8m to $13.1m (+11%), an average of +2.6% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elderly Housing Management Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Apprenticeship & Training Trust Fund Ua Local 342 ($13.1m), PRC ($13.1m) and Continuing Care Hospital Inc ($13.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $401k (3.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.6m against liabilities of $1.2m, net assets of $1.3m. It reported 257 employees.