Southfield Non-Profit Housing Corporation

Analysis

Southfield Non-Profit Housing Corporation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in November 1982, 44 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 December 2023, Southfield Non-Profit Housing Corporation reported income of $582k and spending of $339k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $643k to $582k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income dropped by 55%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southfield Non-Profit Housing Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Sunshine Community Housing Development Organization Inc ($581k), Samaritan Center-Simi Valley ($582k) and Samaritan Housing Inc ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 28% of the total. At year end it held assets of $16.1m against liabilities of $21k, net assets of $16.1m.