Bgc-Ii Nonprofit Housing Corporation

Analysis

Bgc-Ii Nonprofit Housing Corporation is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in March 1993, 33 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, Bgc-Ii Nonprofit Housing Corporation reported income of $2.6m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.6m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bgc-Ii Nonprofit Housing Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Volunteers of America Inc ($2.6m), Four Directions Development Corporation ($2.6m) and Housing Opportunities Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $16.5m against liabilities of $8.2m, net assets of $8.3m.