New Horizons Non Profit Apartments Inc

Analysis

New Horizons Non Profit Apartments Inc 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, New Horizons Non Profit Apartments Inc reported income of $1.4m and spending of $1.3m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $1.4m (+15%), an average of +2.8% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Horizons Non Profit Apartments Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Columbia Hills Retirement Center Inc ($1.4m), Housing on Merit ($1.5m) and Oak Park Regional Housing Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $3.7m against liabilities of $4.9m, net assets of -$1.2m.