Michigan Nonprofit Housing Corporation

Analysis

Michigan Nonprofit Housing Corporation is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in October 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 December 2023, Michigan Nonprofit Housing Corporation reported income of $170k and spending of $14k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $254k to $170k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Michigan Nonprofit Housing Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Love Your Story Co ($170k), Margaret C Love House Inc ($170k) and Transitional Housing of SW FL Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 69% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.