Epiphany Senior Citizens Housing Corporation

Analysis

Epiphany Senior Citizens Housing Corporation is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Epiphany Senior Citizens Housing Corporation reported income of $6.6m and spending of $5.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $6.6m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Epiphany Senior Citizens Housing Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Nectar Community Investments Inc ($6.6m), University Village Housing Inc ($6.6m) and First Place Az ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $188k (3.2% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $14.9m against liabilities of $6.9m, net assets of $8.0m. It reported 121 employees.