Monroe County Apartments 4 Assn

Analysis

Monroe County Apartments 4 Assn is a registered charity in United States, based in Waterloo, IL. It received its IRS tax-exemption ruling in February 2000, 26 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, Monroe County Apartments 4 Assn reported income of $605k and spending of $759k, spending 125% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $560k to $605k (+8.0%), an average of +1.9% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monroe County Apartments 4 Assn sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Owings Mills Senior Housing Inc ($605k), Stevens Creek Village Inc ($605k) and Arlington Senior Housing Inc ($604k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $62k. At year end it held assets of $2.8m against liabilities of $435k, net assets of $2.4m.

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.