Assessing the nutritional status is a critical part of the care of elderly people, and a key tool to improve life span. In a cross-sectional study, we examine the nutritional status among elderly people and risk factors associated with the degree of nutrient intake in a community of Kalyani city of West Bengal, India. Using the data from the study of [N = 400, Mean age = 70.25 (±8.44)]; the ordinal logistic regression model (OLRM) of nutritional status was tested with sequential entry of predictors: gender, marital status, age, socio-economic status (SES), and self-rated health status (SRHS). According to the MNA score, 5.8% of elderly people were categorized as having normal nutritional status, 54%, and 40.3% were categorized as at risk of malnourishment and having malnourishment. In addition to this, the likelihood of being malnourished was 0.336, 0.378, and 0.663 times lower among upper, upper-middle, and middle classes than those who belonged to the lower class. The present study shows that female elderly people are more malnourished and vulnerable to morbidity than male elderly, although they are found in somewhat good self-rated health status.