Southgate Non-Profit Housing Corporation

Analysis

Southgate Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in August 2008, 18 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, Southgate Non-Profit Housing Corporation reported income of $2.3m and spending of $2.1m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.0m to $2.3m (+13%), an average of +2.5% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southgate Non-Profit Housing Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Dallas Neighborhood Alliance for Habitat ($2.3m), Lower East Side Peoples Mutual Housing Association Inc ($2.3m) and Lakewood Housing Corporation ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $4.7m against liabilities of $8.4m, net assets of -$3.7m.