Northern Homes Community Development Corporation

Analysis

Northern Homes Community Development Corporation is a registered charity in United States, based in Boyne City, MI. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Northern Homes Community Development Corporation reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $941k to $1.6m (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northern Homes Community Development Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Green Vision Inc ($1.6m), Sarahs Place Adult Day Health ($1.6m) and Young Womens Christian Association of Pekin ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $109k (6.7% of expenses). Other salaries and wages came to $330k. At year end it held assets of $5.3m against liabilities of $3.1m, net assets of $2.3m. It reported 6 employees.