Lutheran Nonprofit Housing Coprporation-calvary is a 501(c)(3) organization based in Detroit, Michigan, registered in 2014, with $350,168 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$350K
▲ 0.3% vs prior year
Housing median: $408K
Expenses (FY2023)
$602K
Net assets
-$3.9M
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 Lutheran Nonprofit Housing Coprporation-calvary— 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 Lutheran Nonprofit Housing Coprporation-calvary: 0 mo reserves · -72% margin earns a F 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 Lutheran Nonprofit Housing Coprporation-calvary— 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 Lutheran Nonprofit Housing Coprporation-calvary: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $274K (FY2013) to $350K (FY2023) across 11 reported years.
Financial snapshot
Operating margin
-71.9%
Spent more than it raised in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$5.5M
Net assets
-$3.9M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $350,168▲0.3% | $601,934▲6.2% | -$3,864,009▼7.0% | $1,645,070▼9.9% | 990 |
| 2022 | $349,034▼0.9% | $566,584▲3.4% | -$3,612,243▼6.4% | $1,825,757▼10.0% | 990 |
| 2021 | $352,048▼5.0% | $548,017▼1.3% | -$3,394,693▼6.1% | $2,029,680▼8.9% | 990 |
| 2020 | $370,603▲9.5% | $555,119▲4.8% | -$3,198,724▼6.1% | $2,228,900▼7.8% | 990 |
| 2019 | $338,415▲0.8% | $529,887▼6.3% | -$3,014,208▼6.8% | $2,418,443▼7.6% | 990 |
| 2018 | $335,747▲6.9% | $565,795▲2.2% | -$2,822,736▼8.9% | $2,618,180▼7.9% | 990 |
| 2017 | $314,136▲3.1% | $553,873▲1.3% | -$2,592,688▼10.2% | $2,843,023▼7.6% | 990 |
| 2016 | $304,830▲6.5% | $546,838▼3.7% | -$2,352,951▼11.5% | $3,075,507▼7.6% | 990 |
| 2015 | $286,232▲1.3% | $568,096▲6.5% | -$2,110,943▼15.4% | $3,330,213▼7.6% | 990 |
| 2014 | $282,505▲3.1% | $533,434▼10.7% | -$1,829,079▼15.9% | $3,602,203▼6.5% | 990 |
| 2013 | $274,092 | $597,032 | -$1,578,150 | $3,852,450 | 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 Lutheran Nonprofit Housing Coprporation-calvary (EIN 20-8466348) 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.