Royal Oak Non-profit Housing Corporation is a 501(c)(3) organization based in Warren, Michigan, registered in 2016, with $2,347,679 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$2.3M
▲ 11.4% vs prior year
Housing median: $408K
Expenses (FY2024)
$2.8M
Net assets
-$1.5M
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 Royal Oak 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 Royal Oak Non-profit Housing Corporation: 0 mo reserves · -19% 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 Royal Oak 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 Royal Oak Non-profit Housing Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $1.4M (FY2015) to $2.3M (FY2024) across 10 reported years.
Financial snapshot
Operating margin
-19.4%
Spent more than it raised in the latest fiscal year.
Total assets
$14.6M
Total liabilities
$16.1M
Net assets
-$1.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,347,679▲11.4% | $2,801,989▲4.6% | -$1,477,126▼44.4% | $14,627,569▼1.7% | 990 |
| 2023 | $2,107,789▲16.7% | $2,679,800▲23.8% | -$1,022,816▼127% | $14,873,790▼3.2% | 990 |
| 2022 | $1,805,764▼4.4% | $2,164,425▲32.2% | -$450,805▼389% | $15,360,797▲36.2% | 990 |
| 2021 | $1,888,362▲137% | $1,636,734▲78.5% | -$92,144▲61.0% | $11,274,661▲111% | 990 |
| 2020 | $796,187▼48.6% | $916,866▼39.9% | -$236,008▼105% | $5,336,081▲65.2% | 990 |
| 2019 | $1,550,084▲1.8% | $1,525,106▲0.9% | -$115,329▲17.8% | $3,229,719▲11.9% | 990 |
| 2018 | $1,522,990▲3.6% | $1,512,240▲2.0% | -$140,307▲7.1% | $2,885,983▼2.5% | 990 |
| 2017 | $1,469,657▲4.9% | $1,483,044▼4.3% | -$151,057▼9.7% | $2,959,589▼3.6% | 990 |
| 2016 | $1,400,761▲1.5% | $1,549,488▲4.0% | -$137,670▼1345% | $3,068,758▼3.4% | 990 |
| 2015 | $1,380,117 | $1,489,622 | $11,057 | $3,177,937 | 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.
1 grant to Royal Oak Non-profit Housing Corporation totaling $15K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Csi Support and Development Services | To assist in the mission to sustain low income housing operations | 2021 | $15,350 |
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Data for Royal Oak Non-profit Housing Corporation (EIN 20-5111657) 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.