Randallstown II Non-Profit Housing Corporation

Analysis

Randallstown II Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in August 2005, 21 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 2024, Randallstown II Non-Profit Housing Corporation reported income of $825k and spending of $883k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $667k to $825k (+24%), an average of +5.5% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Randallstown II Non-Profit Housing Corporation sits at the 68th percentile: it is larger than about 68% 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 NHDC Cerny Village Apartments Inc ($825k), Chicago Urban League Development Corporation ($826k) and Riverview Apartments Inc ($825k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 53% of the total. At year end it held assets of $5.5m against liabilities of $122k, net assets of $5.4m.

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.