Elderly Housing Dev & Operations
Elderly Housing Dev & Operations reported $12.0 million in revenue and $9.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $77.07 went to program services, $22.93 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 37.3% of the total. The highest compensation it reported for one person was $521,004 (PRESIDENT &). 9 people received more than $100,000 in reportable compensation. Revenue rose 11% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.2MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.1% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.9% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 37.3% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $521,004 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.68% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 9 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 72.4 | 10.0 |
| Independent voting board members Part VI 1a–1b | 14 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe purpose of the organization is to provide management of the day-to-day activities of housing projects that are regulated by the department of housing & urban development (hud) and sponsorships with housing projects. The organization also develops new projects to expand their capacity of providing low-income housing through the additional projects
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & Director/trustee, officer, 30.00 hrs/week | $445,620 | $0 | $75,384 | $521,004 |
| SR VP DEV. & Highest compensated employee, 40.00 hrs/week | $260,502 | $0 | $56,311 | $316,813 |
| CFO Highest compensated employee, 40.00 hrs/week | $261,572 | $0 | $31,794 | $293,366 |
| VP PROPERTY Highest compensated employee, 40.00 hrs/week | $166,184 | $0 | $31,481 | $197,665 |
| DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $139,985 | $0 | $56,625 | $196,610 |
| VP HUMAN RES Highest compensated employee, 40.00 hrs/week | $129,264 | $0 | $56,403 | $185,667 |
| DIRECTOR Director/trustee, 16.00 hrs/week | $26,541 | $0 | $0 | $26,541 |
9 people received more than $100,000 in reportable compensation from Elderly Housing Dev & Operations (Part VII, line 2). Compensation of current officers, directors and key employees totaled $587K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 555
Correct a figure or respond
Every number above is copied from Elderly Housing Dev & Operations's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Elderly Housing Dev & Operations, you can publish a response that is linked from this page.
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Of every $100 Elderly Housing Dev & Operations spent in FY2025, $77.07 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Elderly Housing Dev & Operations's spending goes to programs?
In the fiscal year ending June 30, 2025, Elderly Housing Dev & Operations reported that 77.1% of its $9.2 million in expenses went to program services, 22.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Elderly Housing Dev & Operations pay its top executive?
The largest total compensation Elderly Housing Dev & Operations reported for one person in the fiscal year ending June 30, 2025 was $521,004, for the role of PRESIDENT & (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Elderly Housing Dev & Operations get its money?
Of $12.0 million in revenue in the fiscal year ending June 30, 2025, 0.2% came from contributions and grants and 37.3% from program service revenue (Form 990, Part VIII).
Is Elderly Housing Dev & Operations a registered charity?
The IRS lists EIN 65-0665009 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611259349303151 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349306106 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349301746 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349311398 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349303206 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141339349303134 · read the filing
All filings for EIN 65-0665009: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.