Michigan Affordable Senior Non Profit Housing Corporation

Analysis

Michigan Affordable Senior Non Profit Housing Corporation is a registered charity in United States, based in Brighton, MI. It received its IRS tax-exemption ruling in January 1998, 28 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 2022, Michigan Affordable Senior Non Profit Housing Corporation reported income of $601k and spending of $819k, spending 136% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $648k to $601k (-7.4%), an average of -3.8% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Michigan Affordable Senior Non Profit Housing Corporation sits at the 62nd percentile: it is larger than about 62% 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 Kendal at Sonoma a Zen Inspired Community ($600k), Angelica Village ($601k) and Greenville Elderly Housing Inc ($600k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $49k (6.0% of expenses). At year end it held assets of $6.9m against liabilities of $1.5m, net assets of $5.4m. It reported 2 employees.

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.