Mamou Elderly Housing Development Corporation

Analysis

Mamou Elderly Housing Development Corporation is a registered charity in United States, based in Mamou, LA. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Mamou Elderly Housing Development Corporation reported income of $575k and spending of $609k, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $527k to $575k (+9.1%), an average of +2.2% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mamou Elderly Housing Development Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include San Jose Catholic Housing Association Inc ($575k), Upward Bound Senior Villa Inc ($576k) and Community Life Skills Agency ($574k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.4m against liabilities of $2.0m, net assets of -$568k. It reported 3 employees.

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.