Dallas Mennonite Retirement Community Inc

Analysis

Dallas Mennonite Retirement Community Inc is a registered charity in United States, based in Dallas, OR. It received its IRS tax-exemption ruling in June 1949, 77 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, Dallas Mennonite Retirement Community Inc reported income of $31.9m and spending of $33.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.5m to $31.9m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dallas Mennonite Retirement Community Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Center for Housing and Health ($31.9m), Colorado Affordable Catholic Housing Corp ($32.0m) and Millennium Housing Corporation ($31.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $219k (0.7% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $75.1m against liabilities of $70.9m, net assets of $4.2m. It reported 455 employees.