Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
19 people listed on the 990; $915K paid to officers and key staff.
Lee Householder’s $226K as Executive Director is at the 53rd percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Lee Householder | $225,695 | $223,678 | $207,845 | $211,707 | $204,136 |
| Shelia Walters | $163,226 | $160,200 | $147,071 | $136,528 | — |
| Marion Cake | $152,576 | $150,460 | $131,875 | — | — |
| Bryan Burris | $138,306 | $118,132 | — | — | — |
| Kerri Walker | — | — | $137,851 | — | — |
| Sheila P Walters | — | — | — | — | $130,095 |
| Matt Hinkle | $119,811 | $116,975 | $108,554 | — | — |
| Matt Morgan | $114,994 | $105,574 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Improves housing and living conditions for elderly, disabled, and low-income individuals.
Questions for Elderhomes Corp
Your first name shows with your question. Elderhomes Corp answers here, for everyone.
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Energy Conservation
Provide weatherization services and emergency home repairs to elderly and low-to-moderate income individuals.
Affordable Housing Program
Housing rehabilitation and neighborhood revitalization and emergency home repair as well as construction of new energy-efficient homes.
Home Rehabilitation Program
Comprehensive home rehabilitation-provides home repairs to low income individuals.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.5M | $3.0M |
| Land, buildings, equipmentLn 10c | $516K | $518K |
| Total assetsLn 16 | $19.5M | $19.2M |
| LiabilitiesLn 26 | $3.2M | $2.4M |
| Net assetsLn 32 | $16.3M | $16.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $654K | $193K | $369K | $92K |
| Other salaries and wagesLn 7 | $3.3M | $2.7M | $560K | $75K |
| Pension plan contributionsLn 8 | $95K | $82K | $9K | $5K |
| Other employee benefitsLn 9 | $603K | $453K | $107K | $43K |
| Payroll taxesLn 10 | $298K | $217K | $69K | $12K |
| Accounting feesLn 11c | $87K | $70K | $17K | |
| Office expensesLn 13 | $48K | $25K | $23K | $165 |
| Information technologyLn 14 | $182K | $146K | $36K | |
| OccupancyLn 16 | $288K | $229K | $58K | $480 |
| Depreciation, depletion and amortizationLn 22 | $97K | $71K | $21K | $4K |
| InsuranceLn 23 | $212K | $170K | $42K | |
| Other expenses (24a–d)Ln 24 | $20.3M | $20.2M | $94K | |
| All other expensesLn 24e | $328K | $275K | $52K | |
| Total functional expensesLn 25 | $26.5M | $24.8M | $1.5M | $231K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $27.1M | $26.5M | $608K | $16.8M | 990 PDF |
| FY2024 | $25.9M | $25.0M | $852K | $16.3M | 990 PDF |
| FY2023 | $23.6M | $22.7M | $900K | $15.6M | 990 PDF |
| FY2022 | $21.9M | $18.8M | $3.1M | $14.0M | 990 PDF |
| FY2021 | $15.2M | $13.7M | $1.5M | $8.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $27,082,665 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $27,082,665 across 8 lines filed
Part IX · Statement of functional expenses $26,474,469 across 13 lines filed
Part X · Balance sheet $19,225,332 assets, 15 lines filed
Part XI · Reconciliation of net assets $16,791,117 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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