Housing for the Elderly of Henderson County Inc

Analysis

Housing for the Elderly of Henderson County Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in September 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 September 2023, Housing for the Elderly of Henderson County Inc reported income of $632k and spending of $579k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $552k to $632k (+15%), an average of +3.5% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing for the Elderly of Henderson County Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Dunn Road Manor Inc ($632k), Passaic Affordable Housing Coalition ($632k) and Carolina Rebuilding Ministry ($632k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $62k. At year end it held assets of $715k against liabilities of $1.8m, net assets of -$1.1m.