Mountainview Homes for Elderly Inc

Analysis

Mountainview Homes for Elderly Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2024, Mountainview Homes for Elderly Inc reported income of $91k and spending of $107k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $69k to $91k (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mountainview Homes for Elderly Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Kalamazoo Family Nonprofit Housing Corporation ($91k), Leeway Scattered Site Housing Inc ($91k) and Maxcen Housing Society Maryland Branch Inc ($91k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $411k against liabilities of $876k, net assets of -$465k.

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.