Faith Village Non-Profit Housing Corporation

Analysis

Faith Village Non-Profit Housing Corporation is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in September 2000, 26 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, Faith Village Non-Profit Housing Corporation reported income of $266k and spending of $356k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $266k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faith Village Non-Profit Housing Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Independent Living Horizons Nine Inc ($266k), Charlottesville Public Housing Association of Residents ($266k) and First Impression Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.0m against liabilities of $33k, net assets of $1.0m. It reported 2 employees.

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.