Teamster Retiree Housing of Detroit

Analysis

Teamster Retiree Housing of Detroit is a registered charity in United States, based in Lyndhurst, OH. It received its IRS tax-exemption ruling in September 1985, 41 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 September 2023, Teamster Retiree Housing of Detroit reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.2m (+0.9%), an average of +0.2% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Teamster Retiree Housing of Detroit sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Christmas in Action Inc ($1.2m), Clair House NFP Inc ($1.2m) and Interfaith Housing Corporation ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $149k. At year end it held assets of $1.4m against liabilities of $3.9m, net assets of -$2.6m. It reported 3 employees.