Acadia Elderly Housing Development Corporation II

Analysis

Acadia Elderly Housing Development Corporation II is a registered charity in United States, based in Crowley, LA. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Acadia Elderly Housing Development Corporation II reported income of $354k and spending of $359k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $354k (+3.9%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acadia Elderly Housing Development Corporation II sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within LA. Charities of a similar size with the same main cause include Holland Energy Fund ($354k), St George Cathedral Manor ($354k) and Wisconsin Care Systems Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $68k. At year end it held assets of $903k against liabilities of $855k, net assets of $48k.