Chillum Oaks Adventist Apts Inc

Analysis

Chillum Oaks Adventist Apts Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in June 1995, 31 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 2024, Chillum Oaks Adventist Apts Inc reported income of $732k and spending of $802k, spending 109% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $593k to $732k (+24%), an average of +4.3% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chillum Oaks Adventist Apts Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Independent Housing Inc 1700 Pasewalk Ave ($732k), Dignity Housing Association Inc ($732k) and Capital Area Multi-Housing Inc ($732k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.8m against liabilities of $69k, net assets of $1.7m. It reported 6 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.