Ann Arbor Housing Development Corporation

Analysis

Ann Arbor Housing Development Corporation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ann Arbor Housing Development Corporation reported income of $9.8m and spending of $6.1m, leaving 38% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $497k to $9.8m (+1865%), an average of +170% a year. The sharpest change came in the year to June 2022, when income rose by 826%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ann Arbor Housing Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Corporate Fund for Housing ($9.8m), Homeward Bound of Western North Carolina Inc ($9.8m) and Redwood Housing Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $8.0m against liabilities of $2.4m, net assets of $5.6m.