Asian Evergreen Housing Corporation

Analysis

Asian Evergreen Housing Corporation is a registered charity in United States, based in Lyndhurst, OH. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Asian Evergreen Housing Corporation reported income of $479k and spending of $593k, spending 124% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $475k to $479k (+0.8%), an average of +0.2% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asian Evergreen Housing Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Affordable Housing Alliance of Central Ohio ($479k), Continental Gardens Housing Corporation ($479k) and Homes-Casas Elderly Housing Inc ($479k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.4m against liabilities of $3.3m, net assets of -$1.8m. It reported 2 employees.

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.