Lenawee Emergency and Affordable Housing Corp

Analysis

Lenawee Emergency and Affordable Housing Corp is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in January 1994, 32 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 September 2023, Lenawee Emergency and Affordable Housing Corp reported income of $1.3m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $503k to $1.3m (+149%), an average of +26% a year. The sharpest change came in the year to September 2021, when income rose by 419%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lenawee Emergency and Affordable Housing Corp sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Eddies House Incorporated ($1.3m), Abiding Peace Senior Housing Corp ($1.3m) and Urban Vision Alliance ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $410k. At year end it held assets of $677k against liabilities of $36k, net assets of $642k. It reported 15 employees.