Gfbc Housing & Development Inc
Only null% goes to programs Strong reserves
Gfbc Housing & Development Inc is a 501(c)(3) organization based in Detroit, Michigan, registered in 2001, with $12,373 in FY2024 revenue. CharityIndex grades it F.
Po Box 24482, Detroit, MI, 48224 EIN 38-3567490 Since 2001
Revenue (FY2024)
$12K
▼ 26.6% vs prior year
Housing median: $408K
Expenses (FY2024)
$42K
Net assets
$72K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Gfbc Housing & Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating21 mo reserves · -236% 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 Gfbc Housing & Development Inc: 21 mo reserves · -236% margin earns a F 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 Gfbc Housing & Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Gfbc Housing & Development Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 24482, Detroit, MI, 48224
- City
- Detroit
- State
- Michigan
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue grew from $5,110 (FY2019) to $12K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $27KNet assets $72K
Operating margin
-236.0%
Spent more than it raised in the latest fiscal year.
Total assets
$99K
Total liabilities
$27K
Net assets
$72K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,373▼26.6% | $41,576▲19.7% | $72,230▼28.8% | $99,014▼2.4% | 990 |
| 2023 | $16,848▲101% | $34,743▲334% | $101,433▼15.0% | $101,433▼15.0% | 990 |
| 2022 | $8,380 | $8,014▲0.4% | $119,328▲0.3% | $119,328▲0.3% | 990 |
| 2021 | $0 | $7,979▼52.8% | $118,962▼6.3% | $118,962▼6.3% | 990 |
| 2020 | $0▼100% | $16,910▲78.7% | $126,941▼11.8% | $126,941▼11.8% | 990 |
| 2019 | $5,110 | $9,465 | $143,851 | $143,851 | 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.
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Frequently asked questions
- Is Gfbc Housing & Development Inc a legitimate nonprofit?
- Yes. Gfbc Housing & Development Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-3567490, based in Detroit, Michigan. Donations are tax-deductible.
- What is Gfbc Housing & Development Inc's EIN?
- Gfbc Housing & Development Inc's Employer Identification Number (EIN) is 38-3567490.
- How much revenue does Gfbc Housing & Development Inc report?
- Gfbc Housing & Development Inc reported $12,373 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gfbc Housing & Development Inc have?
- CharityIndex grades Gfbc Housing & Development Inc F, based on financial health (reserves and operating margin).
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Data for Gfbc Housing & Development Inc (EIN 38-3567490) 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.