Gratiot Woods Non-profit Housing Corp is a 501(c)(3) organization based in Warren, Michigan, registered in 2006, with $665,235 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$665K
▲ 14.5% vs prior year
Housing median: $408K
Expenses (FY2024)
$800K
Net assets
$4.5M
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 Gratiot Woods Non-profit Housing Corp— 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 Gratiot Woods Non-profit Housing Corp: 68 mo reserves · -20% margin earns a C+ 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 Gratiot Woods Non-profit Housing Corp— 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 Gratiot Woods Non-profit Housing Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $456K (FY2013) to $665K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-20.3%
Spent more than it raised in the latest fiscal year.
Total assets
$4.8M
Total liabilities
$289K
Net assets
$4.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $665,235▲14.5% | $800,373▼10.0% | $4,514,681▼2.9% | $4,804,167▼2.5% | 990 |
| 2023 | $580,814▼0.6% | $889,767▲25.3% | $4,649,819▼6.2% | $4,926,400▼2.8% | 990 |
| 2022 | $584,423▼2.8% | $710,170▼1.7% | $4,958,772▼2.5% | $5,067,732▼1.7% | 990 |
| 2021 | $600,999▲11.7% | $722,521▲2.3% | $5,084,519▼2.3% | $5,157,188▼2.6% | 990 |
| 2020 | $537,823▲0.8% | $706,489▲10.7% | $5,206,041▼3.1% | $5,292,980▼2.6% | 990 |
| 2019 | $533,664▲5.2% | $638,316▼5.0% | $5,374,707▼1.9% | $5,435,410▼1.7% | 990 |
| 2018 | $507,051▼2.3% | $671,975▲8.5% | $5,479,359▼2.9% | $5,527,345▼2.5% | 990 |
| 2017 | $519,094▲0.2% | $619,391▲3.1% | $5,644,283▼1.7% | $5,671,362▼2.4% | 990 |
| 2016 | $518,302▲13.1% | $600,747▲6.3% | $5,744,580▼1.4% | $5,810,059▼0.8% | 990 |
| 2015 | $458,469▲0.9% | $565,212▼3.6% | $5,827,025▼1.8% | $5,857,613▼1.7% | 990 |
| 2014 | $454,230▼0.4% | $586,251▲11.9% | $5,933,768▼2.2% | $5,957,432▼2.2% | 990 |
| 2013 | $456,108 | $523,856▼1.9% | $6,065,789▼1.1% | $6,092,433▼1.4% | 990 |
| 2012 | — | $533,905▲18.6% | $6,133,537▼1.7% | $6,176,109▼1.5% | 990 |
| 2011 | — | $450,344▲0.8% | $6,237,507▼2.2% | $6,271,908▼2.1% | 990 |
| 2010 | — | $446,794 | $6,377,852 | $6,408,389 | 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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Data for Gratiot Woods Non-profit Housing Corp (EIN 20-0967820) 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.