Greenville Elderly Housing Inc

Analysis

Greenville Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greenville Elderly Housing Inc reported income of $600k and spending of $615k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $569k to $600k (+5.4%), an average of +1.8% 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, Greenville Elderly Housing Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Dart Gardens Mutual Housing Association Inc ($600k), Kendal at Sonoma a Zen Inspired Community ($600k) and Pine Grove Housing Development Corporation ($600k).

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 $126k. At year end it held assets of $1.6m against liabilities of $2.2m, net assets of -$588k.

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.