Our Saviors Manor Seniors Nonprofit Housing Corporation

Analysis

Our Saviors Manor Seniors Nonprofit Housing Corporation is a registered charity in United States, based in Westland, MI. It received its IRS tax-exemption ruling in May 2001, 25 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, Our Saviors Manor Seniors Nonprofit Housing Corporation reported income of $623k and spending of $614k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $478k to $623k (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Our Saviors Manor Seniors Nonprofit Housing Corporation sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Arcadia at Home ($623k), Mississippi Housing Development ($623k) and Peninsula Housing Development Inc XII ($622k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $53k (8.7% of expenses). Other salaries and wages came to $69k. At year end it held assets of $3.2m against liabilities of $5.3m, net assets of -$2.0m. It reported 4 employees.