Isabella County Nonprofit Housing Corporation

Analysis

Isabella County Nonprofit Housing Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 1989, 37 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, Isabella County Nonprofit Housing Corporation reported income of $298k and spending of $251k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $287k to $298k (+3.8%), an average of +0.9% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Isabella County Nonprofit Housing Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Cheyenne Trails Corporation ($298k), Rural Housing Preservation Foundation ($298k) and From the Heart Fund ($298k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.2% and program service revenue 91% of the total. Other salaries and wages came to $60k. At year end it held assets of $355k against liabilities of $811k, net assets of -$457k.