Milwaukee Hellenic Elderly Housing Corporation

Analysis

Milwaukee Hellenic Elderly Housing Corporation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1982, 44 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, Milwaukee Hellenic Elderly Housing Corporation reported income of $339k and spending of $363k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $398k to $339k (-15%), an average of -3.9% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milwaukee Hellenic Elderly Housing Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include Reach for It of Tucson ($338k), Mattoon Area Pads Community Organization ($339k) and Community Advancement Development Corporation ($338k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$241k.

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.