Cleave II Nonprofit Housing Corporation

Analysis

Cleave II Nonprofit Housing Corporation is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in June 1999, 27 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 2023, Cleave II Nonprofit Housing Corporation reported income of $85k and spending of $82k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $85k (+290%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 277%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cleave II Nonprofit Housing Corporation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Pec US Alumina Educational Foundation ($85k), Ray Citizens Housing Center ($86k) and Cozy Haven Homes Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $131k against liabilities of $208k, net assets of -$77k.