Grand Ravine Senior Housing Inc

Analysis

Grand Ravine Senior Housing Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1981, 45 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 June 2023, Grand Ravine Senior Housing Inc reported income of $363k and spending of $363k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $320k to $363k (+13%), an average of +3.2% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grand Ravine Senior Housing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Beds 4 Kids ($363k), Meadows Housing Corporation ($363k) and Phased in ($363k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Other salaries and wages came to $79k. At year end it held assets of $335k against liabilities of $875k, net assets of -$539k.