Highland Area Not for Profit Housing Corporation-Hanfphc

Analysis

Highland Area Not for Profit Housing Corporation-Hanfphc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1987, 39 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 2023, Highland Area Not for Profit Housing Corporation-Hanfphc reported income of $410k and spending of $424k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $385k to $410k (+6.4%), an average of +1.6% 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, Highland Area Not for Profit Housing Corporation-Hanfphc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Phoenix Recovery Institute ($409k), WSHDC ZHDC Apartments Inc ($410k) and Iris M Battle Housing Inc ($409k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $78k. At year end it held assets of $612k against liabilities of $1.2m, net assets of -$602k.

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.