Landmark Nonprofit Housing Corporation

Analysis

Landmark Nonprofit Housing Corporation is a registered charity in United States, based in St Clair, MI. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Landmark Nonprofit Housing Corporation reported income of $120k and spending of $162k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $120k (+3.8%), an average of +0.9% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Landmark Nonprofit Housing Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Winona Sheltering Network ($120k), Choctaw Idabel Properties Inc ($120k) and Southwest Florida Gwi Housing XV Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 78% of the total. At year end it held assets of $1.0m against liabilities of $18k, net assets of $987k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.