Belleville Non-Profit Housing Coproration

Analysis

Belleville Non-Profit Housing Coproration is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Belleville Non-Profit Housing Coproration reported income of $856k and spending of $896k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $623k to $856k (+37%), an average of +6.6% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Belleville Non-Profit Housing Coproration sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Radiant Hands Inc ($856k), Beaumont Products and Services Inc ($856k) and Beautification Council ($856k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 33% of the total. At year end it held assets of $3.9m against liabilities of $146k, net assets of $3.7m.

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.