Daytona Beach Elderly Housing Inc

Analysis

Daytona Beach Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in July 1990, 36 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, Daytona Beach Elderly Housing Inc reported income of $990k and spending of $1.0m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $720k to $990k (+38%), an average of +11% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Daytona Beach Elderly Housing Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($990k), Bishop Broderick Apartments Housing Development Fund Company Inc ($991k) and Villa St Maurice Inc ($989k).

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 $214k. At year end it held assets of $2.4m against liabilities of $75k, net assets of $2.3m.

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.