Housing Operations Management Enterprises Inc

Analysis

Housing Operations Management Enterprises Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 1996, 30 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 March 2024, Housing Operations Management Enterprises Inc reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.6m (+43%), an average of +9.4% a year. The sharpest change came in the year to March 2021, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Operations Management Enterprises Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Cots Inc ($1.6m), John W Graham Emergency Shelter Services Inc ($1.6m) and Bethesda House Corp ($1.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 39% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $106k (5.7% of expenses). Other salaries and wages came to $344k. At year end it held assets of $10.6m against liabilities of $6.5m, net assets of $4.1m. It reported 9 employees.