South Boston Non-Profit Housing Corporation

Analysis

South Boston Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in February 1996, 30 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 June 2023, South Boston Non-Profit Housing Corporation reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $781k to $1.0m (+31%), an average of +9.4% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Boston Non-Profit Housing Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Habitat Housing Inc ($1.0m), Stay at Home in Little Compton Inc ($1.0m) and Jason Lee Manor ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $3.2m against liabilities of $114k, net assets of $3.1m.

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.