Chippewa Nonprofit Housing Corporation

Analysis

Chippewa Nonprofit Housing Corporation is a registered charity in United States, based in Fort Gratiot, MI. It received its IRS tax-exemption ruling in July 2003, 23 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, Chippewa Nonprofit Housing Corporation reported income of $101k and spending of $121k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $101k (+6.4%), an average of +1.6% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chippewa Nonprofit Housing Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include St Marguerite Marie Alacoque Apartments ($101k), Pioneer Housing Development Corporation ($101k) and Algood Housing Development Corporation ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $5,980. At year end it held assets of $542k against liabilities of $6,044, net assets of $536k. It reported 1 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.