Grandville Senior Housing Corporation

Analysis

Grandville Senior Housing Corporation is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in September 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 June 2024, Grandville Senior Housing Corporation reported income of $391k and spending of $430k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $360k to $391k (+8.5%), an average of +2.1% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grandville Senior Housing Corporation 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 Deangelis Manor II C/O NHP ($391k), Pennswood Village Residents Assn ($391k) and Jacksonville Gardens Inc ($391k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.5m against liabilities of $1.6m, net assets of -$110k.

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.