It is an independent non-profit organization that provides affordable housing for aged persons, families and new arrivals to South Australia.
It was during this period that the Society was able to finance the construction of its own building with a bequest of 1000 pounds from Sir Thomas Elder.
Elder Hall, at 17 Morialta Street, was completed in 1898 - this building still functions as the society's office.
Former South Australian Premier Thomas Playford was a founding member of the Adelaide Benevolent Society; George Fife Angas and his son J. H. Angas served as vice presidents of the Society and made large financial contributions; and Sir John Colton, twice Premier of South Australia, was president from 1872 until his death in 1902.
The society's properties are located in several suburbs around the metropolitan area from Elizabeth in the North to Victor Harbor in the South.