Homefront Non Profit Housing Corporation

Analysis

Homefront Non Profit Housing Corporation is a registered charity in United States, based in Fort Gratiot, MI. It received its IRS tax-exemption ruling in January 2013, 13 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, Homefront Non Profit Housing Corporation reported income of $91k and spending of $129k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $91k (+20%), an average of +4.8% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homefront Non Profit Housing Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Forge Flint ($91k), Solution House ($91k) and Villa Madonna South Elderly Housing Corporation ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 51% of the total. At year end it held assets of $986k against liabilities of $28k, net assets of $958k.

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.