Great Lakes Christian Homes Nonprofit Housing Corporation

Analysis

Great Lakes Christian Homes Nonprofit Housing Corporation is a registered charity in United States, based in Holt, MI. It received its IRS tax-exemption ruling in June 1980, 46 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, Great Lakes Christian Homes Nonprofit Housing Corporation reported income of $2.9m and spending of $2.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.9m (+85%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 98%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Great Lakes Christian Homes Nonprofit Housing Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Guste Homes Resident Management Corporation ($2.9m), West Side Neighborhood Housing Service Inc ($2.9m) and Apostles House ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Other salaries and wages came to $731k. At year end it held assets of $7.8m against liabilities of $5.4m, net assets of $2.5m. It reported 40 employees.