Elderly Housing Development And Operations Corporation
EIN: 270617110 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $599K |
| Net Assets | $4.5M |
Is Elderly Housing Development And Operations Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elderly Housing Development And Operations Corporation
Elderly Housing Development And Operations Corporation (EIN: 270617110) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $421K and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elderly Housing Development And Operations Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elderly Housing Development And Operations Corporation is a small nonprofit that has been operating for 2 years, with 5 years of IRS 990 filings on record (2014–2021). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $398K |
| Total Expenses | $599K |
| Surplus / Deficit | $-200,915 |
| Total Assets | $5.2M |
| Total Liabilities | $668K |
| Net Assets | $4.5M |
| Operating Margin | -50.5% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 104.4 months |
Financial Health Grade: B
In 2021, Elderly Housing Development And Operations Corporation reported a deficit of $201K with expenses exceeding revenue, holds 104.4 months of operating reserves (strong position), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 5 years of filings (2014–2021), Elderly Housing Development And Operations Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +6.5% | +17.1% | -3.7% |
| 2020 | +0.6% | -5.6% | -3.2% |
| 2019 | +36.5% | +28.7% | -6.7% |
| 2016 | +3.2% | -6.9% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elderly Housing Development And Operations Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elderly Housing Development And Operations Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.8%.
Frequently Asked Questions about Elderly Housing Development And Operations Corporation
Is Elderly Housing Development And Operations Corporation a legitimate charity?
Elderly Housing Development And Operations Corporation (EIN: 270617110) is a registered tax-exempt nonprofit based in Illinois. It has 5 years of IRS 990 filings on record. Total revenue: $421K. No red flags identified. Financial health grade: B.
How does Elderly Housing Development And Operations Corporation spend its money?
Elderly Housing Development And Operations Corporation reported $421K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Elderly Housing Development And Operations Corporation tax-deductible?
Elderly Housing Development And Operations Corporation is registered as a tax-exempt nonprofit (EIN: 270617110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elderly Housing Development And Operations Corporation located?
Elderly Housing Development And Operations Corporation is headquartered in Chicago, Illinois and files with the IRS under EIN 270617110.
How many years of IRS 990 filings does Elderly Housing Development And Operations Corporation have?
Elderly Housing Development And Operations Corporation has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $421K in total revenue.
Filing History
IRS 990 filing history for Elderly Housing Development And Operations Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2014–2021), Elderly Housing Development And Operations Corporation's revenue has grown by 51%, moving from $263K to $398K. Total assets decreased by 17.6% over the same period, from $6.3M to $5.2M. Total functional expenses rose by 32.4%, from $452K to $599K. In its most recent filing year (2021), Elderly Housing Development And Operations Corporation reported a deficit of $201K, with expenses exceeding revenue. The organization holds $668K in liabilities against $5.2M in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $398K | $599K | $5.2M | $668K | — | — |
| 2020 | $373K | $511K | $5.4M | $667K | — | — |
| 2019 | $371K | $541K | $5.6M | $708K | — | — |
| 2016 | $272K | $421K | $6.0M | $682K | — | — |
| 2014 | $263K | $452K | $6.3M | $719K | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $398K, expenses of $599K, and assets of $5.2M (revenue +6.5% year-over-year).
- 2020: Revenue of $373K, expenses of $511K, and assets of $5.4M (revenue +0.6% year-over-year).
- 2019: Revenue of $371K, expenses of $541K, and assets of $5.6M (revenue +36.5% year-over-year).
- 2016: Revenue of $272K, expenses of $421K, and assets of $6.0M (revenue +3.2% year-over-year).
- 2014: Revenue of $263K, expenses of $452K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elderly Housing Development And Operations Corporation:
Data Sources and Methodology
This transparency report for Elderly Housing Development And Operations Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.