Deerbrook Apartments Inc

Analysis

Deerbrook Apartments Inc is a registered charity in United States, based in California, MO. It received its IRS tax-exemption ruling in December 2001, 25 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 2023, Deerbrook Apartments Inc reported income of $132k and spending of $129k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $199k to $132k (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Deerbrook Apartments Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MO. Charities of a similar size with the same main cause include Forest Lane Apartments Inc ($132k), Cypress Park Apartments Inc ($132k) and Snoqualmie Valley Ministerial Association ($132k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4,105. At year end it held assets of $771k against liabilities of $1.3m, net assets of -$486k.