East Detroit Area Non-Profit Housing Corporation

Analysis

East Detroit Area Non-Profit Housing Corporation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in May 1992, 34 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 2023, East Detroit Area Non-Profit Housing Corporation reported income of $591k and spending of $766k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $477k to $591k (+24%), an average of +5.5% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Detroit Area Non-Profit Housing Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Darke County Housing Corporation ($591k), Hope Springs Incorporated ($591k) and Beacon of Life ($591k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Other salaries and wages came to $110k. At year end it held assets of $1.3m against liabilities of $705k, net assets of $631k.

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.