Ellis Neighborhood Development Corporation

Analysis

Ellis Neighborhood Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ellis Neighborhood Development Corporation reported income of $528k and spending of $887k, spending 168% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $505k to $528k (+4.5%), an average of +1.1% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ellis Neighborhood Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Christian Center Housing Corporation ($528k), Friendly Temple Apartments II Inc ($528k) and Chestnut Housing Corporation ($528k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $635k against liabilities of $2.7m, net assets of -$2.1m.

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.