Elderly Housing Management Corporation

Analysis

Elderly Housing Management Corporation is a registered charity in United States, based in Jacksonville Beach, FL. It received its IRS tax-exemption ruling in May 2002, 24 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, Elderly Housing Management Corporation reported income of $1.7m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+20%), an average of +4.8% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elderly Housing Management Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Hilltop Manor Inc ($1.7m), Suncoast Manor Foundation Inc ($1.7m) and Safer Path Family Violence Shelter Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $791k against liabilities of $52k, net assets of $739k. It reported 54 employees.