Dwelling Place of Grand Rapids Nonprofit Housing Corporation
Only null% goes to programs Strong reserves
Dwelling Place of Grand Rapids Nonprofit Housing Corporation is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 1982, with $7,404,062 in FY2024 revenue. CharityIndex grades it C+.
101 Sheldon Ave Se Ste 2, Grand Rapids, MI, 49503 EIN 38-2313832 Since 1982
Revenue (FY2024)
$7.4M
▲ 25.5% vs prior year
Housing median: $408K
Expenses (FY2024)
$8.6M
Net assets
$47.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Dwelling Place of Grand Rapids Nonprofit Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating67 mo reserves · -16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dwelling Place of Grand Rapids Nonprofit Housing Corporation: 67 mo reserves · -16% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Dwelling Place of Grand Rapids Nonprofit Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dwelling Place of Grand Rapids Nonprofit Housing Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 101 Sheldon Ave Se Ste 2, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $3.7M (FY2014) to $7.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $9.7MNet assets $47.7M
Operating margin
-16.0%
Spent more than it raised in the latest fiscal year.
Total assets
$57.4M
Total liabilities
$9.7M
Net assets
$47.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,404,062▲25.5% | $8,592,376▲34.6% | $47,674,914▼2.1% | $57,400,650▼1.2% | 990 |
| 2023 | $5,899,773▲7.1% | $6,383,774▼3.3% | $48,707,888▲0.5% | $58,122,930▲9.4% | 990 |
| 2022 | $5,507,706▼29.9% | $6,600,911▲29.1% | $48,442,691▼5.8% | $53,141,426▼0.3% | 990 |
| 2021 | $7,853,634▼6.2% | $5,113,880▼7.2% | $51,415,295▲6.3% | $53,298,449▲6.0% | 990 |
| 2020 | $8,368,586▲3.2% | $5,512,138▲30.7% | $48,386,153▲5.4% | $50,299,812▲5.1% | 990 |
| 2019 | $8,106,328▼2.7% | $4,216,438▲9.9% | $45,892,993▲10.7% | $47,856,210▲10.8% | 990 |
| 2018 | $8,328,887▲25.2% | $3,836,247▲11.1% | $41,446,666▲11.0% | $43,183,589▲10.4% | 990 |
| 2017 | $6,653,291▼3.8% | $3,453,200▼19.7% | $37,324,255▲11.8% | $39,098,234▲11.3% | 990 |
| 2016 | $6,919,045▼29.1% | $4,298,213▲7.1% | $33,373,096▲9.8% | $35,125,117▲5.8% | 990 |
| 2015 | $9,764,921▲165% | $4,012,003▲24.9% | $30,403,375▲19.6% | $33,214,528▲20.5% | 990 |
| 2014 | $3,682,699 | $3,212,143▼22.7% | $25,420,368▲4.4% | $27,559,116▲8.1% | 990 |
| 2012 | — | $4,156,972▲64.0% | $24,337,612▲22.5% | $25,484,635▲19.9% | 990 |
| 2011 | — | $2,534,168▼15.3% | $19,863,372▲10.3% | $21,253,786▲6.5% | 990 |
| 2010 | — | $2,991,785 | $18,005,028 | $19,962,037 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $4.9M total
40 grants to Dwelling Place of Grand Rapids Nonprofit Housing Corporation totaling $4.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Corewell Health | To support exempt purpose | 2024 | $38,500 |
| Neighborhood Reinvestment Corp | General support | 2023 | $639,750 |
| Corewell Health | To support expempt purpose | 2023 | $38,500 |
| Wake Forest University | Research subcontract | 2023 | $10,000 |
| AARP | Grant to support aarp's livable communities initiative | 2023 | $6,530 |
| Neighborhood Reinvestment Corp | General support | 2022 | $375,750 |
| Corewell Health | To support exempt purpose | 2022 | $365,000 |
| Reinvestment Fund Inc | Sustaining the invest health network and expanding learning to other small to midsize cities so all residents can live more equitble, healthier lives | 2022 | $25,000 |
| National Christian Charitable Foundation | Poverty | 2022 | $12,500 |
| National Christian Charitable Foundation | Poverty | 2022 | $12,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $7,550 |
| Neighborhood Reinvestment Corp | General support | 2021 | $615,500 |
| Corewell Health | Racial health equity investment | 2021 | $320,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $17,930 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $17,930 |
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Frequently asked questions
- Is Dwelling Place of Grand Rapids Nonprofit Housing Corporation a legitimate nonprofit?
- Yes. Dwelling Place of Grand Rapids Nonprofit Housing Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-2313832, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Dwelling Place of Grand Rapids Nonprofit Housing Corporation's EIN?
- Dwelling Place of Grand Rapids Nonprofit Housing Corporation's Employer Identification Number (EIN) is 38-2313832.
- How much revenue does Dwelling Place of Grand Rapids Nonprofit Housing Corporation report?
- Dwelling Place of Grand Rapids Nonprofit Housing Corporation reported $7,404,062 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dwelling Place of Grand Rapids Nonprofit Housing Corporation have?
- CharityIndex grades Dwelling Place of Grand Rapids Nonprofit Housing Corporation C+, based on financial health (reserves and operating margin).
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Data for Dwelling Place of Grand Rapids Nonprofit Housing Corporation (EIN 38-2313832) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.