Orchard Terrace Non - Profit Elderly Housing Corp

Analysis

Orchard Terrace Non - Profit Elderly Housing Corp is a registered charity in United States, based in Tecumseh, MI. It received its IRS tax-exemption ruling in October 1980, 46 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, Orchard Terrace Non - Profit Elderly Housing Corp reported income of $743k and spending of $711k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $743k (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Orchard Terrace Non - Profit Elderly Housing Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include CCSN Sro Inc ($742k), Indianapolis Ministries 1 Inc ($743k) and Council of Human Dignity of Dubois ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Other salaries and wages came to $101k. At year end it held assets of $1.8m against liabilities of $24k, net assets of $1.7m. It reported 3 employees.