Flat Rock Non Profit Housing Corporation

Analysis

Flat Rock Non Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in June 1988, 38 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, Flat Rock Non Profit Housing Corporation reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.2m (+7.7%), an average of +1.5% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Flat Rock Non Profit Housing Corporation 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 MI. Charities of a similar size with the same main cause include Sacramento Neighborhood Housing Services Inc ($1.2m), Sonoma Overnight Support Inc ($1.2m) and Villa Franciscan Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $3.1m against liabilities of $4.1m, net assets of -$952k.