Jfa Non-Profit Housing Corporation

Analysis

Jfa Non-Profit Housing Corporation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in July 1991, 35 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 May 2023, Jfa Non-Profit Housing Corporation reported income of $1.7m and spending of $1.9m, spending 113% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.6m to $1.7m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to May 2020, when income rose by 26%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jfa Non-Profit Housing Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Mercy Housing Wheaton NFP ($1.7m), Southeast Nebraska Affordable Housing Council Inc ($1.7m) and Armitage Commons Preservation NFP ($1.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Other salaries and wages came to $228k. At year end it held assets of $9.8m against liabilities of $197k, net assets of $9.6m.

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.