Elm Street Nonprofit Housing Corporation

Analysis

Elm Street Nonprofit Housing Corporation is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in February 2014, 12 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, Elm Street Nonprofit Housing Corporation reported income of $80k and spending of $94k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $80k (+6.7%), an average of +6.7% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elm Street Nonprofit Housing Corporation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Dwelling Place Foundation ($80k), Leadingage Kentucky Foundation Inc ($80k) and Ipock Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 0.3% of the total. At year end it held assets of $366k against liabilities of $118k, net assets of $247k.