Guste Homes Resident Management Corporation

Analysis

Guste Homes Resident Management Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2021, Guste Homes Resident Management Corporation reported income of $2.9m and spending of $2.9m, spending 100% of its income. Across the 3 years on record, from September 2019 to September 2021, income grew from $2.4m to $2.9m (+24%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 16%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Guste Homes Resident Management Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Apostles House ($2.9m), Great Lakes Christian Homes Nonprofit Housing Corporation ($2.9m) and Neighborhood Development Associates Inc ($2.9m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $907k. At year end it held assets of $5.2m against liabilities of $2.8m, net assets of $2.4m. It reported 61 employees.