Humboldt Park Elderly Housing Corp

Analysis

Humboldt Park Elderly Housing Corp is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1991, 35 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 December 2023, Humboldt Park Elderly Housing Corp reported income of $814k and spending of $965k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $674k to $814k (+21%), an average of +4.8% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Humboldt Park Elderly Housing Corp sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Am Affordable Housing Inc ($814k), Bottom Up Outreach Center ($815k) and Crossroads Nola Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $228k. At year end it held assets of $2.5m against liabilities of $4.4m, net assets of -$1.9m.

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.