El Redentor Apartments Inc

Analysis

El Redentor Apartments Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 1951, 75 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, El Redentor Apartments Inc reported income of $294k and spending of $395k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $619k to $294k (-53%), an average of -17% a year. The sharpest change came in the year to June 2021, when income dropped by 54%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, El Redentor Apartments Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include World Spark ($294k), Gila House Inc ($294k) and Central Florida Home for Good Inc ($293k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $101k. At year end it held assets of $1.0m against liabilities of $20k, net assets of $1.0m.

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.