Charity Search / INNOVATIVE HOUSING DEVELOPMENT CORPORATION
Human Services (P73Z) 990 on File

INNOVATIVE HOUSING DEVELOPMENT CORPORATION

EIN: 38-2317342 · FORT GRATIOT, MI 48059-3866 · United States · FY 2025 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 87/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$13.9M
Total Revenue
$13.2M
Total Expenses
$9.8M
Net Assets
256
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.3%
Fundraising Efficiency N/A
Operating Reserve 8.89x
Liability-to-Asset 10.5%
Revenue Diversification 95.0%
Executive Compensation $169K
Compared with Peers
FY 2025
Compared with 1,112 similar organizations (United States, Human Services, $10M–$100M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
90.3% 87.2%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
9.7% 11.3%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.4%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
8.9 mo 7.5 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
10.5% 26.6%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
95.0% 91.4%
P10P90
Below median
Revenue growth
Year over year revenue growth
10.0% 6.3%
P10P90
Expense growth
Year over year expense growth
11.9% 5.3%
P10P90
Surplus margin
Surplus as a share of revenue
4.9% 2.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $13.9M $13.2M $9.8M 90.3% 256
2024 $12.6M $11.8M $8.5M 90.3% 240
2023 $11.9M $11.1M $6.5M 89.8% 233
2022 $10.7M $9.9M $6.0M 89.3% 208
2021 $9.4M $8.7M N/A — 217
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Organization Details
EIN
38-2317342
State
MI
City
FORT GRATIOT
ZIP
48059-3866
Classification
P73Z
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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