Maywood Manor Senior Housing Inc

Analysis

Maywood Manor Senior Housing Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in March 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Maywood Manor Senior Housing Inc reported income of $1.0m and spending of $820k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $860k to $1.0m (+21%), an average of +4.8% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maywood Manor Senior Housing Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Alliance Apartments Housing Development Fund Co Inc ($1.0m), Affordable Housing Corporation of Glassboro ($1.0m) and Paco Housing Corporation I ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 23% of the total. At year end it held assets of $2.8m against liabilities of $3.4m, net assets of -$587k.