Eden Manor Nonprofit Housing Corporation

Analysis

Eden Manor Nonprofit Housing Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Eden Manor Nonprofit Housing Corporation reported income of $580k and spending of $646k, spending 111% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $517k to $580k (+12%), an average of +2.3% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eden Manor Nonprofit 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 72nd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Ahepa 118 Inc ($580k), Redwood Community for Christian Scientists Inc ($580k) and S O a T Inc ($580k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $681k against liabilities of $142k, net assets of $539k.

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.