Homestretch Nonprofit Housing Corporation
Traverse City, Michigan
B+Health Score
70B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$3.1M
Total Revenue
📊
$971K
Total Expenses
🏦
$3.5M
Net Assets
📋
$3.9M
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+161.5%
Year-over-year change (2022 → 2023)
Net Margin
+68.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.55
Net assets divided by total expenses
Liabilities-to-Assets
53.1%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,070,311↑162% | $971,404↑120% | $7,360,646↑61% | — |
| 2022 | $1,174,063↑66% | $441,420↑20% | $4,571,648↑21% | — |
| 2021 | $707,913↑288% | $369,104↑17% | $3,786,234↑99% | — |
| 2020 | $182,317↓45% | $315,631↑10% | $1,904,213↑12% | — |
| 2019 | $332,907↑11% | $286,780↑1% | $1,697,871↓25% | — |
| 2018 | $299,388↑60% | $282,658↑68% | $2,271,776↓24% | — |
| 2017 | $187,425↑62% | $168,604↑202% | $2,988,655↑57% | — |
| 2016 | $115,730↑208% | $55,908↑34% | $1,904,273↑3% | — |
| 2015 | $37,634↓93% | $41,615↓94% | $1,850,490 | — |
| 2014 | $550,567↑196% | $657,770↑206% | $1,858,061↓11% | — |
| 2013 | $185,995↓4% | $214,753↑7% | $2,080,856↑8% | — |
| 2012 | $192,957↓46% | $201,257↓12% | $1,920,211↓7% | — |
| 2011 | $354,742 | $229,742 | $2,061,086 | — |
Frequently Asked Questions
What does Homestretch Nonprofit Housing Corporation do?▼
Homestretch Nonprofit Housing Corporation is a housing & shelter nonprofit organization based in Michigan. It is classified under NTEE code L210 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Homestretch Nonprofit Housing Corporation financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Homestretch Nonprofit Housing Corporation.
How much revenue does Homestretch Nonprofit Housing Corporation generate?▼
Homestretch Nonprofit Housing Corporation reports $1.5M in annual revenue and holds $10.4M in total assets, based on IRS filings.
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