Mermentau Elderly Housing Corporation

Analysis

Mermentau Elderly Housing Corporation is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in January 1995, 31 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, Mermentau Elderly Housing Corporation reported income of $87k and spending of $174k, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $119k to $87k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mermentau Elderly Housing Corporation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Gleanings Housing Inc ($87k), Miracle Square Inc ($87k) and Grandview Resthome Investment Foundation ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 96% of the total. Other salaries and wages came to $24k. At year end it held assets of $527k against liabilities of $122k, net assets of $405k. It reported 3 employees.

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.