Mansfield Elderly Housing Association

Analysis

Mansfield Elderly Housing Association is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in February 1997, 29 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, Mansfield Elderly Housing Association reported income of $153k and spending of $175k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $153k (+2.8%), an average of +0.7% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mansfield Elderly Housing Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within LA. Charities of a similar size with the same main cause include Exmore Supportive Housing Inc ($153k), Rosewood Apartments Inc ($153k) and Hamilton Place Apartments NFP ($153k).

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 $16k. At year end it held assets of $236k against liabilities of $602k, net assets of -$366k.

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.