Hazel Park Non Profit Apartments Inc

Analysis

Hazel Park Non Profit Apartments Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in September 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, Hazel Park Non Profit Apartments Inc reported income of $1.0m and spending of $951k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $918k to $1.0m (+9.4%), an average of +2.3% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hazel Park Non Profit Apartments Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include My Very Own Bed ($1.0m), Pineridge Brook Corp ($1.0m) and Home Share Oregon ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $1.6m against liabilities of $3.2m, net assets of -$1.6m.