PVM Kalamazoo Senior Non Profit Housing Corporation

Analysis

PVM Kalamazoo Senior Non Profit Housing Corporation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in July 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, PVM Kalamazoo Senior Non Profit Housing Corporation reported income of $388k and spending of $411k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $352k to $388k (+10%), an average of +2.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PVM Kalamazoo Senior Non Profit Housing Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include United Housing Pres Rehab and Development Fund Inc ($387k), Goodwill Industries of Acadiana Housing Corporation ($388k) and Day Spring Camp and Conference Center ($387k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $65k (16% of expenses). Other salaries and wages came to $62k. At year end it held assets of $2.9m against liabilities of $3.7m, net assets of -$805k. It reported 3 employees.

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.