Walker Non-Profit Housing Corporation

Analysis

Walker Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in March 1997, 29 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, Walker Non-Profit Housing Corporation reported income of $1000k and spending of $1.0m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $744k to $1000k (+34%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walker 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 Rebuilding Together of Greater Charlotte Inc ($1000k), Carmel Residence Inc ($1000k) and Las Bougainvilleas Senior Housing Inc ($999k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 43% of the total. At year end it held assets of $4.1m against liabilities of $243k, net assets of $3.8m.

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.