Orion Area Not-For-Profit Housing Corp

Analysis

Orion Area Not-For-Profit Housing Corp is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in December 1983, 43 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, Orion Area Not-For-Profit Housing Corp reported income of $612k and spending of $597k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $576k to $612k (+6.1%), an average of +1.5% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Orion Area Not-For-Profit Housing Corp sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Mt Pleasant Community Development Corporation ($611k), G I S Housing V Inc ($612k) and Hard Bargain Mt Hope Redevelopment Inc ($611k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $124k. At year end it held assets of $965k against liabilities of $1.6m, net assets of -$660k.