Frankford Elderly Housing Corporation

Analysis

Frankford Elderly Housing Corporation is a registered charity in United States, based in Frankford, MO. It received its IRS tax-exemption ruling in October 2002, 24 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, Frankford Elderly Housing Corporation reported income of $70k and spending of $76k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $70k (-0.3%), an average of -0.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frankford Elderly Housing Corporation sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within MO. Charities of a similar size with the same main cause include Twindad International Inc ($70k), Abilities at Morningside II Inc ($70k) and Reach for Housing Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $7,399 (9.7% of expenses). Other salaries and wages came to $2,835. At year end it held assets of $179k against liabilities of $109k, net assets of $71k.