Bhi Retirement Communities Inc

Analysis

Bhi Retirement Communities Inc is a registered charity in United States, based in Indianopolis, IN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bhi Retirement Communities Inc reported income of $7.0m and spending of $10.3m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $7.0m (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bhi Retirement Communities Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Open House Ministries Inc ($7.0m), Homes for America Inc ($7.0m) and Affordable Housing Alliance II Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $2.6m (25% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $97.4m against liabilities of $7.6m, net assets of $89.8m. It reported 65 employees.