Jerald H Merrill Senior Housing Corporation

Analysis

Jerald H Merrill Senior Housing Corporation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in September 1997, 29 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 December 2023, Jerald H Merrill Senior Housing Corporation reported income of $271k and spending of $389k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $271k (+16%), an average of +3.9% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jerald H Merrill Senior Housing Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within UT. Charities of a similar size with the same main cause include Pontiac Non-Profit Housing Corporation ($271k), Brookhaven Homes for Elderly Inc ($271k) and Chippewa Lutheran Housingcorporation ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $22k. At year end it held assets of $420k against liabilities of $2.1m, net assets of -$1.7m.

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.