District Elderly Housing Development Corporation

Analysis

District Elderly Housing Development Corporation is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in July 1981, 45 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, District Elderly Housing Development Corporation reported income of $561k and spending of $467k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $506k to $561k (+11%), an average of +2.6% a year. 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, District Elderly Housing Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include Haven Home LLC ($561k), C R Moore Legacy Foundation Inc ($561k) and Zumbro Ridge Estates Inc ($561k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $1.1m against liabilities of $914k, net assets of $170k.