Ocof Nonprofit Housing Corporation

Analysis

Ocof Nonprofit Housing Corporation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in April 2015, 11 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 2022, Ocof Nonprofit Housing Corporation reported income of $130k and spending of $113k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $303k to $130k (-57%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocof Nonprofit Housing Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Abundant Life Corp Inc ($130k), Marysville Housing III Inc ($130k) and Roosevelt Inc ($130k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 45% and program service revenue 51% of the total. At year end it held assets of $1.1m against liabilities of $711k, net assets of $363k.