Dwelling Place of Grand Rapids Nonprofit Housing Corporation

Analysis

Dwelling Place of Grand Rapids Nonprofit Housing Corporation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 1987, 39 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, Dwelling Place of Grand Rapids Nonprofit Housing Corporation reported income of $5.9m and spending of $6.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $5.9m (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dwelling Place of Grand Rapids Nonprofit Housing Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Rebuilding Together-Saratoga County ($5.9m), Trout Brook Realty Advisors Inc ($5.9m) and Land Bank Twin Cities Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $908k (14% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $58.1m against liabilities of $9.4m, net assets of $48.7m. It reported 105 employees.