Zeeland Non-Profit Senior Housing Corporation Haven Huis Apartments

Analysis

Zeeland Non-Profit Senior Housing Corporation Haven Huis Apartments is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in June 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 May 2024, Zeeland Non-Profit Senior Housing Corporation Haven Huis Apartments reported income of $397k and spending of $467k, spending 118% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $361k to $397k (+9.9%), an average of +2.4% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Zeeland Non-Profit Senior Housing Corporation Haven Huis Apartments sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Carol Woods Charitable Fund Inc ($397k), Final Salute Inc ($397k) and Parshall 2000 Inc ($397k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $108k. At year end it held assets of $1.8m against liabilities of $1.8m, net assets of -$16k.

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.