Lutheran Nonprofit Housing Coprporation Calvary
Lutheran Nonprofit Housing Corporation Calvary consistently operates at a significant deficit, with assets declining by over 50% in a decade.
EIN: 208466348 · Detroit, MI · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $602K |
| Program Spending | 80% |
| Net Assets | $-3,864,009 |
| Transparency Score | 45/100 |
Is Lutheran Nonprofit Housing Coprporation Calvary Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Nonprofit Housing Coprporation Calvary directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Nonprofit Housing Coprporation Calvary
Lutheran Nonprofit Housing Coprporation Calvary (EIN: 208466348) is a nonprofit organization based in Detroit, MI, classified under NTEE code L21. The organization reported total revenue of $388K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Nonprofit Housing Coprporation Calvary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Nonprofit Housing Coprporation Calvary is a small nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2006–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $350K |
| Total Expenses | $602K |
| Surplus / Deficit | $-251,766 |
| Total Assets | $1.6M |
| Total Liabilities | $5.5M |
| Net Assets | $-3,864,009 |
| Operating Margin | -71.9% |
| Debt-to-Asset Ratio | 334.9% |
| Months of Reserves | 32.8 months |
Financial Health Grade: C
In 2023, Lutheran Nonprofit Housing Coprporation Calvary reported a deficit of $252K with expenses exceeding revenue, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 334.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +6.2% | -9.9% |
| 2022 | -0.9% | +3.4% | -10.0% |
| 2021 | -5.0% | -1.3% | -8.9% |
| 2020 | +9.5% | +4.8% | -7.8% |
| 2019 | +0.8% | -6.3% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 Lutheran Nonprofit Housing Coprporation Calvary with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lutheran Nonprofit Housing Coprporation Calvary allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $252K, with expenses exceeding revenue.
- Debt-to-asset ratio: 334.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which could indicate a focus on directing funds towards the mission rather than high salaries.
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 Lutheran Nonprofit Housing Coprporation Calvary's IRS 990 filings:
- Consistent and significant operating deficits, with expenses exceeding revenue in every reported year (e.g., $601,934 expenses vs. $350,168 revenue in 2023).
- Steady decline in total assets over the past decade, from $3,602,203 in 2014 to $1,645,070 in 2023, indicating a depletion of resources.
- High and stable liabilities (around $5.4 million) relative to declining assets, suggesting potential solvency issues and a high debt burden.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Lutheran Nonprofit Housing Coprporation Calvary:
- Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
- Reported 0% officer compensation across all filings, potentially indicating a focus on mission-related spending and volunteer leadership.
- Long operational history with 14 filings, suggesting resilience despite financial challenges.
Frequently Asked Questions about Lutheran Nonprofit Housing Coprporation Calvary
Is Lutheran Nonprofit Housing Coprporation Calvary a legitimate charity?
Based on AI analysis of IRS 990 filings, Lutheran Nonprofit Housing Coprporation Calvary (EIN: 208466348) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Lutheran Nonprofit Housing Coprporation Calvary spend its money?
Lutheran Nonprofit Housing Coprporation Calvary directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lutheran Nonprofit Housing Coprporation Calvary tax-deductible?
Lutheran Nonprofit Housing Coprporation Calvary is registered as a tax-exempt nonprofit (EIN: 208466348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lutheran Nonprofit Housing Coprporation Calvary's spending goes to programs?
Lutheran Nonprofit Housing Coprporation Calvary directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lutheran Nonprofit Housing Coprporation Calvary compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Lutheran Nonprofit Housing Coprporation Calvary is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lutheran Nonprofit Housing Coprporation Calvary located?
Lutheran Nonprofit Housing Coprporation Calvary is headquartered in Detroit, Michigan and files with the IRS under EIN 208466348. It is classified under NTEE code L21.
How many years of IRS 990 filings does Lutheran Nonprofit Housing Coprporation Calvary have?
Lutheran Nonprofit Housing Coprporation Calvary has 14 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 $388K in total revenue.
How does Lutheran Nonprofit Housing Corporation Calvary plan to address its consistent operating deficits?
The provided data shows a consistent pattern of expenses exceeding revenue, with a deficit of over $250,000 in 2023 alone. The organization needs a clear strategy to either increase revenue or significantly reduce expenses to achieve financial sustainability.
What is the nature of the organization's liabilities, which have remained stable around $5.4 million for a decade?
The consistent high level of liabilities, coupled with declining assets, suggests significant long-term debt or obligations. Understanding the nature of these liabilities (e.g., mortgages, bonds) is crucial for assessing financial risk.
Given the 0% officer compensation, how are the organization's leadership and operational staff compensated?
While 0% officer compensation is noted, it's important to understand how the organization's leadership and staff are compensated to ensure fair labor practices and to fully account for all operational costs.
Filing History
IRS 990 filing history for Lutheran Nonprofit Housing Coprporation Calvary showing financial trends over 14 years of public records:
In its most recent filing year (2023), Lutheran Nonprofit Housing Coprporation Calvary reported a deficit of $252K, with expenses exceeding revenue. The organization holds $5.5M in liabilities against $1.6M in assets (debt-to-asset ratio: 334.9%), resulting in net assets of $-3,864,009.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $350K | $602K | $1.6M | $5.5M | — | — |
| 2022 | $349K | $567K | $1.8M | $5.4M | — | View 990 |
| 2021 | $352K | $548K | $2.0M | $5.4M | — | View 990 |
| 2020 | $371K | $555K | $2.2M | $5.4M | — | — |
| 2019 | $338K | $530K | $2.4M | $5.4M | — | View 990 |
| 2018 | $336K | $566K | $2.6M | $5.4M | — | View 990 |
| 2017 | $314K | $554K | $2.8M | $5.4M | — | — |
| 2016 | $305K | $547K | $3.1M | $5.4M | — | View 990 |
| 2015 | $286K | $568K | $3.3M | $5.4M | — | View 990 |
| 2014 | $283K | $533K | $3.6M | $5.4M | — | View 990 |
| 2013 | $274K | $597K | $3.9M | $5.4M | — | View 990 |
| 2008 | $0 | $0 | $1 | $0 | — | View 990 |
| 2007 | $0 | $0 | $1 | $0 | — | View 990 |
| 2006 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $350K, expenses of $602K, and assets of $1.6M (revenue +0.3% year-over-year).
- 2022: Revenue of $349K, expenses of $567K, and assets of $1.8M (revenue -0.9% year-over-year).
- 2021: Revenue of $352K, expenses of $548K, and assets of $2.0M (revenue -5.0% year-over-year).
- 2020: Revenue of $371K, expenses of $555K, and assets of $2.2M (revenue +9.5% year-over-year).
- 2019: Revenue of $338K, expenses of $530K, and assets of $2.4M (revenue +0.8% year-over-year).
- 2018: Revenue of $336K, expenses of $566K, and assets of $2.6M (revenue +6.9% year-over-year).
- 2017: Revenue of $314K, expenses of $554K, and assets of $2.8M (revenue +3.1% year-over-year).
- 2016: Revenue of $305K, expenses of $547K, and assets of $3.1M (revenue +6.5% year-over-year).
- 2015: Revenue of $286K, expenses of $568K, and assets of $3.3M (revenue +1.3% year-over-year).
- 2014: Revenue of $283K, expenses of $533K, and assets of $3.6M (revenue +3.1% year-over-year).
- 2013: Revenue of $274K, expenses of $597K, and assets of $3.9M.
- 2008: Revenue of $0, expenses of $0, and assets of $1.
- 2007: Revenue of $0, expenses of $0, and assets of $1.
- 2006: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Nonprofit Housing Coprporation Calvary:
Data Sources and Methodology
This transparency report for Lutheran Nonprofit Housing Coprporation Calvary 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.