Iccf Nonprofit Housing Corporation
EIN: 382615690 · Grand Rapids, MI · NTEE: L25Z
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $3.4M |
| Net Assets | $321K |
Is Iccf Nonprofit Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iccf Nonprofit Housing Corporation
Iccf Nonprofit Housing Corporation (EIN: 382615690) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code L25Z. The organization reported total revenue of $2.6M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iccf Nonprofit Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iccf Nonprofit Housing Corporation is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-4,809 |
| Total Assets | $874K |
| Total Liabilities | $553K |
| Net Assets | $321K |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 63.3% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2023, Iccf Nonprofit Housing Corporation reported a deficit of $5K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 63.3% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | -16.5% | -53.0% |
| 2022 | +10.8% | +11.0% | -20.0% |
| 2021 | +36.7% | +36.7% | +46.5% |
| 2020 | -1.1% | -1.1% | +26.4% |
| 2019 | +13.1% | +13.1% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iccf Nonprofit Housing Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iccf Nonprofit Housing Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.3%.
Frequently Asked Questions about Iccf Nonprofit Housing Corporation
Is Iccf Nonprofit Housing Corporation a legitimate charity?
Iccf Nonprofit Housing Corporation (EIN: 382615690) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. No red flags identified. Financial health grade: C.
How does Iccf Nonprofit Housing Corporation spend its money?
Iccf Nonprofit Housing Corporation reported $2.6M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Iccf Nonprofit Housing Corporation tax-deductible?
Iccf Nonprofit Housing Corporation is registered as a tax-exempt nonprofit (EIN: 382615690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iccf Nonprofit Housing Corporation located?
Iccf Nonprofit Housing Corporation is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 382615690. It is classified under NTEE code L25Z.
How many years of IRS 990 filings does Iccf Nonprofit Housing Corporation have?
Iccf Nonprofit Housing Corporation 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 $2.6M in total revenue.
Filing History
IRS 990 filing history for Iccf Nonprofit Housing Corporation showing financial trends over 13 years of public records:
Total assets decreased by 78.5% over the same period, from $4.1M to $874K. In its most recent filing year (2023), Iccf Nonprofit Housing Corporation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $553K in liabilities against $874K in assets (debt-to-asset ratio: 63.3%), resulting in net assets of $321K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.4M | $874K | $553K | — | View 990 |
| 2022 | $4.1M | $4.1M | $1.9M | $1.9M | — | View 990 |
| 2021 | $3.7M | $3.7M | $2.3M | $2.3M | — | View 990 |
| 2020 | $2.7M | $2.7M | $1.6M | $1.6M | — | View 990 |
| 2019 | $2.7M | $2.7M | $1.3M | $1.3M | — | View 990 |
| 2018 | $2.4M | $2.4M | $1.2M | $1.2M | — | View 990 |
| 2017 | $1.9M | $1.9M | $1.5M | $1.5M | — | View 990 |
| 2016 | $2.0M | $2.0M | $1.5M | $1.5M | — | View 990 |
| 2015 | $1.8M | $1.8M | $1.7M | $1.7M | — | View 990 |
| 2014 | $0 | $0 | $1.8M | $1.8M | — | View 990 |
| 2013 | $0 | $0 | $1.8M | $1.8M | — | View 990 |
| 2012 | $97 | $0 | $1.6M | $1.6M | — | View 990 |
| 2011 | $0 | $0 | $4.1M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.4M, and assets of $874K (revenue -16.6% year-over-year).
- 2022: Revenue of $4.1M, expenses of $4.1M, and assets of $1.9M (revenue +10.8% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.7M, and assets of $2.3M (revenue +36.7% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.7M, and assets of $1.6M (revenue -1.1% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $1.3M (revenue +13.1% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.4M, and assets of $1.2M (revenue +26.5% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M (revenue -4.5% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $1.5M (revenue +9.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $1.7M.
- 2014: Revenue of $0, expenses of $0, and assets of $1.8M.
- 2013: Revenue of $0, expenses of $0, and assets of $1.8M (revenue -100.0% year-over-year).
- 2012: Revenue of $97, expenses of $0, and assets of $1.6M.
- 2011: Revenue of $0, expenses of $0, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iccf Nonprofit Housing Corporation:
Data Sources and Methodology
This transparency report for Iccf Nonprofit Housing Corporation 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.