Nonprofit · EIN 54-1595851
ELDERHOMES CORP
Tax-exempt · RICHMOND, VA 23225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,082,665 | $26,474,469 | $608,196 | $19,225,332 | $2,434,215 | $16,791,117 |
| June 30, 2024 | 990 | $25,889,049 | $25,037,384 | $851,665 | $19,513,548 | $3,181,056 | $16,332,492 |
| June 30, 2023 | 990 | $23,573,654 | $22,674,031 | $899,623 | $17,850,876 | $2,276,929 | $15,573,947 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $22,736,289
- of which government grants
- $12,534,621
- Program service revenue
- $4,161,680
- Investment income
- $135,305
- Net rental income
- $47,413
- Other revenue
- $49,391
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $654,429
- Other salaries and wages
- $3,295,957
- Salaries, compensation and benefits (total)
- $4,946,382
- Professional fundraising fees
- $0
- Accounting fees
- $87,049
- Occupancy
- $288,334
- Depreciation
- $96,725
- Program services (functional)
- $24,785,008
- Management and general (functional)
- $1,458,031
- Fundraising (functional)
- $231,430
Balance sheet and other
- Total assets, start of year
- $19,513,548
- Total assets, end of year
- $19,225,332
- Total liabilities, end of year
- $2,434,215
- Net assets, end of year
- $16,791,117
- Land, buildings and equipment
- $517,521
- Net assets without donor restrictions
- $13,308,740
- Net assets with donor restrictions
- $3,482,377
- Gross receipts
- $27,082,665
- Employees
- 68
- Volunteers
- 1,000
- Year formed
- 1992
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEE HOUSEHOLDER | EXECUTIVE DIRECTOR Officer | 40 | $225,695 | $19,721 |
| SHELIA WALTERS | CHIEF FINANCIAL OFFICER - ENDED 5/25 Officer | 40 | $163,226 | $17,254 |
| MARION CAKE | VP AFFORDABLE HOUSING Key employee | 40 | $152,576 | $16,776 |
| BRYAN BURRIS | VP ENERGY CONSERVATION Highest-paid employee | 40 | $138,306 | $16,163 |
| MATT HINKLE | VP OPERATIONS Highest-paid employee | 40 | $119,811 | $21,081 |
| MATT MORGAN | DIRECTOR OF AFFORDABLE HOU Highest-paid employee | 40 | $114,994 | $15,383 |
| DANA BALLENGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ART BOWEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN FRANK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNE GARRETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARETHA HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA MCNAMARA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HUNTER SNELLINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA TROTTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARBARA VAUGHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN A BENHAM SR | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN TULL | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JOHN THANIEL | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| BILLY TRIGG | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEE HOUSEHOLDER | EXECUTIVE DIRECTOR Officer | 40 | $223,678 | $19,677 |
| SHELIA WALTERS | FINANCE OFFICER Officer | 40 | $160,200 | $17,166 |
| MARION CAKE | VP AFFORDABLE HOUSING Highest-paid employee | 40 | $150,460 | $16,742 |
| BRYAN BURRIS | VP ENERGY CONSERVATION Highest-paid employee | 40 | $118,132 | $14,735 |
| MATT HINKLE | VP OPERATIONS Highest-paid employee | 40 | $116,975 | $15,367 |
| MATT MORGAN | DIRECTOR OF AFFORDABLE HOUSING DEV. Highest-paid employee | 40 | $105,574 | $14,940 |
| DANA BALLENGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ART BOWEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN FRANK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNE GARRETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARETHA HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA MCNAMARA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HUNTER SNELLINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA TROTTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARBARA VAUGHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROLYN CHAMPION | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN TULL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOHN THANIEL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BILLY TRIGG | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEE HOUSEHOLDER | EXECUTIVE DIRECTOR Officer | 40 | $207,845 | $19,764 |
| SHELIA WALTERS | FINANCE OFFICER Officer | 40 | $147,071 | $14,605 |
| KERRI WALKER | VP ENERGY CONSERVATION Highest-paid employee | 40 | $137,851 | $14,886 |
| MARION CAKE | VP AFFORDABLE HOUSING Highest-paid employee | 40 | $131,875 | $14,647 |
| MATT HINKLE | VP OPERATIONS Highest-paid employee | 40 | $108,554 | $13,714 |
| JOHN TULL | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOHN THANIEL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BILLY TRIGG | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANNE GARRETT | MEMBER @ LARGE Trustee or director | 1 | $0 | $0 |
| CAROLYN CHAMPION | MEMBER @ LARGE Trustee or director | 1 | $0 | $0 |
| DANA BALLENGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ART BOWEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AGUSTIN BRAVO-ACOSTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONATHAN FRANK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ARETHA HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA MCNAMARA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HUNTER SNELLINGS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA TROTTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARBARA VAUGHAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 88 CARNATION ST, RICHMOND, VA 23225-6811
- In care of
- % LYN BOYER HAINES
- Principal officer (990 for 2024)
- LEE HOUSEHOLDER, 88 CARNATION STREET, RICHMOND, VA 23225
- Signed the 990
- LEE HOUSEHOLDER, CHIEF EXECUTIVE OFFICER
- Phone
- (804) 233-2827
- Website
- WWW.PROJECTHOMES.ORG
- Return prepared by
- KEITER STEPHENS HURST GARY & SHREAVES
Mission
OUR MISSION IS TO IMPROVE THE HOUSING AND LIVING CONDITIONS OF ELDERLY, DISABLED, AND LOW-INCOME PERSONS IN THE RICHMOND AND SURROUNDING LOCALITIES.
Program accomplishments
- ENERGY CONSERVATION: PROVIDE WEATHERIZATION SERVICES AND EMERGENCY HOME REPAIRS TO ELDERLY AND LOW-TO-MODERATE INCOME INDIVIDUALS.Expenses $12,620,880 · revenue $13,887,225
- AFFORDABLE HOUSING PROGRAM: HOUSING REHABILITATION AND NEIGHBORHOOD REVITALIZATION AND EMERGENCY HOME REPAIR AS WELL AS CONSTRUCTION OF NEW ENERGY-EFFICIENT HOMES.Expenses $5,813,361 · revenue $4,663,105
- HOME REHABILITATION PROGRAM: COMPREHENSIVE HOME REHABILITATION-PROVIDES HOME REPAIRS TO LOW INCOME INDIVIDUALS.Expenses $5,723,810 · revenue $6,562,530
- VOLUNTEER SERVICES: RENEW CREW VOLUNTEERS, COMPLETED HOME REPAIRS, AND ACCESSIBILITY MODIFICATIONS FOR SENIOR AND DISABLED HOMEOWNERS.Expenses $626,957 · revenue $711,108
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1595851
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L810)
- Assets (IRS master file)
- $19,225,332
- Income (IRS master file)
- $27,082,665
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,082,665 | $26,474,469 | $19,225,332 | XML |
| 990 | June 2024 | $25,889,049 | $25,037,384 | $19,513,548 | XML |
| 990 | June 2023 | $23,573,654 | $22,674,031 | $17,850,876 | XML |
| 990 | June 2022 | $21,894,456 | $18,770,592 | $14,660,799 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1595851).
Questions about ELDERHOMES CORP
- What is the EIN of ELDERHOMES CORP?
- The employer identification number (EIN) of ELDERHOMES CORP is 54-1595851.
- Is ELDERHOMES CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to ELDERHOMES CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELDERHOMES CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELDERHOMES CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELDERHOMES CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ELDERHOMES CORP?
- The 990 for the year ended June 30, 2025 names LEE HOUSEHOLDER.
- Who are the officers and directors of ELDERHOMES CORP?
- The 990 for the year ended June 30, 2025 lists 19 people; 6 received compensation from the organization, the highest $225,695 (LEE HOUSEHOLDER, EXECUTIVE DIRECTOR).
- How much revenue does ELDERHOMES CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,082,665, expenses of $26,474,469 and total assets of $19,225,332 at year end.
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