Grand Traverse Area Independent Non-profit Housing Corporation is a 501(c)(3) organization based in Traverse City, Michigan, registered in 1983, with $131,798 in FY2025 revenue. CharityIndex grades it D.
Revenue (FY2025)
$132K
▲ 6.5% vs prior year
Expenses (FY2025)
$121K
Net assets
-$7,316
Employees
—
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 Grand Traverse Area Independent Non-profit 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 →
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 Grand Traverse Area Independent Non-profit Housing Corporation: 0 mo reserves · +8% margin earns a D on this criterion. See the exact thresholds →
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 Grand Traverse Area Independent Non-profit 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 →
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 Grand Traverse Area Independent Non-profit Housing Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $104K (FY2019) to $132K (FY2025) across 7 reported years.
Financial snapshot
Operating margin
8.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$178K
Total liabilities
$186K
Net assets
-$7,316
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $131,798▲6.5% | $120,844▼8.9% | -$7,316▲60.0% | $178,281▲1.5% | 990EZ |
| 2024 | $123,768▲4.4% | $132,710▼22.6% | -$18,270▼95.9% | $175,699▼7.7% | 990EZ |
| 2023 | $118,590▼6.0% | $171,440▲16.0% | -$9,328▼121% | $190,397▼12.6% | 990EZ |
| 2022 | $126,133▲8.9% | $147,800▲44.3% | $43,522▼33.2% | $217,942▲3.9% | 990EZ |
| 2021 | $115,876▲16.4% | $102,403▲1.1% | $65,189▲26.1% | $209,694▼12.1% | 990EZ |
| 2020 | $99,536▼4.1% | $101,325▼41.7% | $51,716▲4.8% | $238,436▼8.8% | 990EZ |
| 2019 | $103,791 | $173,877 | $49,337 | $261,519 | 990EZ |
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.
Explore more
Data for Grand Traverse Area Independent Non-profit Housing Corporation (EIN 38-2460527) 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.