Overview

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Est.

1992

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

ELDERHOMES CORPORATION is a nonprofit organization dedicated to improving the housing and living conditions of elderly, disabled, and low-income individuals in Richmond and surrounding localities. With an operating budget of $26.5 million and total revenue of $27.1 million for the 2025 filing year, the organization is supported by significant funders including FIDELITY INVESTMENTS CHARITABLE GIFT FUND, The Bank of America Charitable Foundation Inc, and Wells Fargo Foundation. Notably, no single funder contributes 50% or more of its revenue. For more information, visit www.projecthomes.org.

Mission Statement

OUR MISSION IS TO IMPROVE THE HOUSING AND LIVING CONDITIONS OF ELDERLY, DISABLED, AND LOW-INCOME PERSONS IN RICHMOND AND SURROUNDING LOCALITIES.
Revenues
$27.1M
Expenses
$26.5M
Net Income:
+$608.2K
Assets
$19.2M
Liabilities
$2.4M
Net Assets:
+$16.8M
Operating Budget
$26.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
13
Median grant size
$30.1K
Largest grant received
$1.1M
L
Lee Householder
Board Member
D
Dana Ballenger
Board Member
J
Jonathan Frank
Board Member

Frequently Asked Questions

What is ELDERHOMES CORPORATION’s budget?
In 2025, ELDERHOMES CORPORATION reported an annual operating budget of around $26.5 million. More detailed financial information is available to registered users.
What causes does ELDERHOMES CORPORATION support?
ELDERHOMES CORPORATION supports work in Home repairs.
Where does ELDERHOMES CORPORATION operate?
ELDERHOMES CORPORATION is headquartered in Richmond, VA.
Who funded ELDERHOMES CORPORATION recently?
In 2025, ELDERHOMES CORPORATION received grants from UNITED WAY OF GREATER RICHMOND & PETERSBURG, THE COMMUNITY FOUNDATION INC, and THE PAULEY FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant ELDERHOMES CORPORATION received in 2024?
The largest grant to ELDERHOMES CORPORATION in 2024 exceeds $1.1 million.
What is ELDERHOMES CORPORATION’s reliance on government grants?
ELDERHOMES CORPORATION relied on government grants for more than 45% of their total revenue in 2025.