Gratiot Woods Non Profit Housing Corp
Gratiot Woods Non Profit Housing Corp faces consistent operating deficits, drawing down assets despite zero executive compensation.
EIN: 200967820 · Warren, MI · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $665K |
| Total Expenses | $890K |
| Program Spending | 85% |
| Net Assets | $4.6M |
| Transparency Score | 70/100 |
Is Gratiot Woods Non Profit Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gratiot Woods Non Profit Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gratiot Woods Non Profit Housing Corp
Gratiot Woods Non Profit Housing Corp (EIN: 200967820) is a nonprofit organization based in Warren, MI, classified under NTEE code L21. The organization reported total revenue of $665K and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gratiot Woods Non Profit Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gratiot Woods Non Profit Housing Corp is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $581K |
| Total Expenses | $890K |
| Surplus / Deficit | $-308,953 |
| Total Assets | $4.9M |
| Total Liabilities | $277K |
| Net Assets | $4.6M |
| Operating Margin | -53.2% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 66.4 months |
Financial Health Grade: B
In 2024, Gratiot Woods Non Profit Housing Corp reported a deficit of $309K with expenses exceeding revenue, holds 66.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Gratiot Woods Non Profit Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.6% | +25.3% | -2.8% |
| 2023 | -2.8% | -1.7% | -1.7% |
| 2022 | +11.7% | +2.3% | -2.6% |
| 2021 | +0.8% | +10.7% | -2.6% |
| 2020 | +5.2% | -5.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gratiot Woods Non Profit Housing Corp with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gratiot Woods Non Profit Housing Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $309K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive aspect, suggesting strong financial stewardship and a focus on mission-related spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gratiot Woods Non Profit Housing Corp's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in all reported periods)
- Declining asset base over time (from $5.9M in 2015 to $4.8M currently)
Strengths
The following positive indicators were identified for Gratiot Woods Non Profit Housing Corp:
- Zero executive compensation reported, indicating high efficiency in leadership costs
- Substantial asset base ($4.8M) providing a buffer despite deficits
- Consistent filing history demonstrating transparency
Frequently Asked Questions about Gratiot Woods Non Profit Housing Corp
Is Gratiot Woods Non Profit Housing Corp a legitimate charity?
Gratiot Woods Non Profit Housing Corp (EIN: 200967820) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $665K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gratiot Woods Non Profit Housing Corp spend its money?
Gratiot Woods Non Profit Housing Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gratiot Woods Non Profit Housing Corp tax-deductible?
Gratiot Woods Non Profit Housing Corp is registered as a tax-exempt nonprofit (EIN: 200967820). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gratiot Woods Non Profit Housing Corp's spending goes to programs?
Gratiot Woods Non Profit Housing Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gratiot Woods Non Profit Housing Corp compare to similar nonprofits?
With a transparency score of 70/100 (Good), Gratiot Woods Non Profit Housing Corp is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gratiot Woods Non Profit Housing Corp located?
Gratiot Woods Non Profit Housing Corp is headquartered in Warren, Michigan and files with the IRS under EIN 200967820. It is classified under NTEE code L21.
How many years of IRS 990 filings does Gratiot Woods Non Profit Housing Corp have?
Gratiot Woods Non Profit Housing Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $665K in total revenue.
Is Gratiot Woods Non Profit Housing Corp financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earns, with expenses exceeding revenue in every reported period. For instance, in 202406, expenses were $889,767 against revenue of $580,814. This trend has led to a decrease in assets from $5,957,432 in 2015 to $4,804,167 currently, raising concerns about long-term financial sustainability if not addressed.
What is the primary cause of the significant operating deficits?
While the filings show the overall revenue and expense figures, a detailed breakdown of expense categories (e.g., program services, management & general, fundraising) would be needed to pinpoint the exact causes of the deficits. However, the consistent nature suggests either insufficient revenue generation or increasing operational costs.
How does the lack of officer compensation impact the organization's operations?
The 0% officer compensation indicates that leadership roles are likely filled by volunteers or compensated through other means not reported as officer compensation. While this is excellent for efficiency, it might also suggest a lean operational structure that could be stretched if the organization faces increasing demands or complexities.
What is the organization's strategy to reverse the trend of declining assets?
The filings do not provide insight into specific strategies. Given the consistent decline in assets due to operating deficits, the organization would ideally need to implement strategies to either increase revenue streams or significantly reduce expenses to stabilize its financial position.
Filing History
IRS 990 filing history for Gratiot Woods Non Profit Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Gratiot Woods Non Profit Housing Corp's revenue has grown by 87.4%, moving from $310K to $581K. Total assets decreased by 21.5% over the same period, from $6.3M to $4.9M. Total functional expenses rose by 97.6%, from $450K to $890K. In its most recent filing year (2024), Gratiot Woods Non Profit Housing Corp reported a deficit of $309K, with expenses exceeding revenue. The organization holds $277K in liabilities against $4.9M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $581K | $890K | $4.9M | $277K | — | — |
| 2023 | $584K | $710K | $5.1M | $109K | — | View 990 |
| 2022 | $601K | $723K | $5.2M | $73K | — | View 990 |
| 2021 | $538K | $706K | $5.3M | $87K | — | — |
| 2020 | $534K | $638K | $5.4M | $61K | — | View 990 |
| 2019 | $507K | $672K | $5.5M | $48K | — | View 990 |
| 2018 | $519K | $619K | $5.7M | $27K | — | View 990 |
| 2017 | $518K | $601K | $5.8M | $65K | — | View 990 |
| 2016 | $458K | $565K | $5.9M | $31K | — | View 990 |
| 2015 | $454K | $586K | $6.0M | $24K | — | View 990 |
| 2014 | $456K | $524K | $6.1M | $27K | — | View 990 |
| 2013 | $430K | $534K | $6.2M | $43K | — | View 990 |
| 2012 | $310K | $450K | $6.3M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $581K, expenses of $890K, and assets of $4.9M (revenue -0.6% year-over-year).
- 2023: Revenue of $584K, expenses of $710K, and assets of $5.1M (revenue -2.8% year-over-year).
- 2022: Revenue of $601K, expenses of $723K, and assets of $5.2M (revenue +11.7% year-over-year).
- 2021: Revenue of $538K, expenses of $706K, and assets of $5.3M (revenue +0.8% year-over-year).
- 2020: Revenue of $534K, expenses of $638K, and assets of $5.4M (revenue +5.2% year-over-year).
- 2019: Revenue of $507K, expenses of $672K, and assets of $5.5M (revenue -2.3% year-over-year).
- 2018: Revenue of $519K, expenses of $619K, and assets of $5.7M (revenue +0.2% year-over-year).
- 2017: Revenue of $518K, expenses of $601K, and assets of $5.8M (revenue +13.1% year-over-year).
- 2016: Revenue of $458K, expenses of $565K, and assets of $5.9M (revenue +0.9% year-over-year).
- 2015: Revenue of $454K, expenses of $586K, and assets of $6.0M (revenue -0.4% year-over-year).
- 2014: Revenue of $456K, expenses of $524K, and assets of $6.1M (revenue +6.1% year-over-year).
- 2013: Revenue of $430K, expenses of $534K, and assets of $6.2M (revenue +38.7% year-over-year).
- 2012: Revenue of $310K, expenses of $450K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gratiot Woods Non Profit Housing Corp:
Data Sources and Methodology
This transparency report for Gratiot Woods Non Profit Housing Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.