Elmdale Apartments Nonprofit Housing Corporation

Analysis

Elmdale Apartments Nonprofit Housing Corporation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elmdale Apartments Nonprofit Housing Corporation reported income of $183k and spending of $165k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $183k (+17%), an average of +4.0% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elmdale Apartments Nonprofit Housing Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Jewish Residential Foundation ($183k), Tradewinds Inc ($183k) and Epworth Manor United Methodist Housing Corporation ($183k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $364k against liabilities of $572k, net assets of -$208k.