Peace Church Presbyterian Village Nonprofit Housing Corporation

Analysis

Peace Church Presbyterian Village Nonprofit Housing Corporation is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in March 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Peace Church Presbyterian Village Nonprofit Housing Corporation reported income of $454k and spending of $582k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $432k to $454k (+5.0%), an average of +1.2% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peace Church Presbyterian Village Nonprofit Housing Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Living Options Inc ($453k), Thompson House Inc ($454k) and Our Daily Rest ($453k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $51k (8.8% of expenses). Other salaries and wages came to $88k. At year end it held assets of $1.5m against liabilities of $3.6m, net assets of -$2.2m. It reported 5 employees.

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.