Romulus Non-Profit Senior Housing Inc C/O Cooperative Services Inc

Analysis

Romulus Non-Profit Senior Housing Inc C/O Cooperative Services Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in December 1993, 33 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, Romulus Non-Profit Senior Housing Inc C/O Cooperative Services Inc reported income of $807k and spending of $790k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $733k to $807k (+10%), an average of +1.9% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Romulus Non-Profit Senior Housing Inc C/O Cooperative Services Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Carroll Gardens Association Incorporated ($806k), Love Thy Neighbor in Service Inc ($807k) and Seacoast Family Promise ($806k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $1.7m against liabilities of $3.1m, net assets of -$1.4m.