Eastwood Senior Housing Inc

Analysis

Eastwood Senior Housing Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 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, Eastwood Senior Housing Inc reported income of $468k and spending of $556k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $468k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eastwood Senior Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Oakridge Townhouses Inc ($468k), Mecklenburg Hud Group Home No 1 Inc ($468k) and Covenant Shelter of New London Inc ($467k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $93k. At year end it held assets of $1.1m against liabilities of $3.8m, net assets of -$2.7m. 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.