Schaadt Apartment Corporation

Analysis

Schaadt Apartment Corporation is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in May 2012, 14 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 June 2023, Schaadt Apartment Corporation reported income of $71k and spending of $182k, spending 255% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $69k to $71k (+3.5%), an average of +1.1% a year. Over the whole period it spent 224% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Schaadt Apartment Corporation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include Abcap Housing M Inc ($71k), Habitat for Humanity of Morgan County Inc ($71k) and Banjo Lane Apartments Inc ($71k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. At year end it held assets of $2.4m against liabilities of $83k, net assets of $2.3m.

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.