Florida Elderly Housing Inc

Analysis

Florida Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in December 1989, 37 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 June 2023, Florida Elderly Housing Inc reported income of $584k and spending of $597k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $524k to $584k (+12%), an average of +3.7% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Florida Elderly Housing Inc 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 76th percentile within GA. Charities of a similar size with the same main cause include Four Walls Development Inc ($584k), LA Colonia Apartments Inc ($585k) and Bethel Ensley Action Tasks Inc ($584k).

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 $99k. At year end it held assets of $1.6m against liabilities of $89k, net assets of $1.5m.