Nelda Place Apartments Inc

Analysis

Nelda Place Apartments Inc is a registered charity in United States, based in Bastrop, LA. It received its IRS tax-exemption ruling in June 2008, 18 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 June 2024, Nelda Place Apartments Inc reported income of $96k and spending of $131k, spending 137% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $83k to $96k (+15%), an average of +2.8% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nelda Place Apartments Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within LA. Charities of a similar size with the same main cause include Mental Health Association in Mid-Carolina Housing Corporation ($96k), Onamia Shores Inc ($96k) and Residential Alternatives Atlantic Inc ($96k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $820k against liabilities of $1.4m, net assets of -$545k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.