Elmwood Park Senior Complex Inc

Analysis

Elmwood Park Senior Complex Inc is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Elmwood Park Senior Complex Inc reported income of $1.5m and spending of $1.5m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $1.5m (+10%), an average of +1.9% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elmwood Park Senior Complex Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Central Columbia Senior Living ($1.5m), Pacific Estates Residence Association ($1.5m) and Bethany Development Corporation ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 18% of the total. Other salaries and wages came to $203k. At year end it held assets of $4.1m against liabilities of $10.9m, net assets of -$6.8m.

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.