Innovative Housing Dev Corporation
Innovative Housing Dev Corporation reported $13.9 million in revenue and $13.2 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $90.25 went to program services, $9.75 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.0% of the total. The highest compensation it reported for one person was $145,249 (EXECUTIVE DIRECTOR). 3 people received more than $100,000 in reportable compensation. Revenue rose 76% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.3% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.7% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.9% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.9% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.0% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $145,249 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.10% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 3 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.9 | 6.9 |
| Independent voting board members Part VI 1a–1b | 5 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseInnovative Housing development corporation provides home supervision and service to the developmentally disabled through fourteen group homes as well as administration of twelve hud group complexes
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 41.00 hrs/week | $145,249 | $0 | $0 | $145,249 |
| FISCAL SERVICES DIRECTOR Highest compensated employee, 30.00 hrs/week | $133,816 | $0 | $7,955 | $141,771 |
| OPERATIONS DIRECTOR Highest compensated employee, 40.00 hrs/week | $115,527 | $0 | $509 | $116,036 |
| BOARD MEMBER Director/trustee, 3.00 hrs/week | $0 | $0 | $13,623 | $13,623 |
3 people received more than $100,000 in reportable compensation from Innovative Housing Dev Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $169K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5256
Correct a figure or respond
Every number above is copied from Innovative Housing Dev Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Innovative Housing Dev Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Innovative Housing Dev Corporation spent in FY2025, $90.25 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- The Scan FoundationLong Beach, CA · revenue $14M · programs 77.2% · 2024
- Child StartWichita, KS · revenue $14M · programs 88.5% · FY2025
- The Children's Place at Home SafeLake Worth, FL · revenue $14M · programs 85.1% · FY2025
- Horizon ProjectMiltonfreewater, OR · revenue $14M · programs 93.5% · FY2025
- Community Action Agency of Southern New MexicoLas Cruces, NM · revenue $14M · programs 93.4% · FY2025
All human services charities · Largest charities in Michigan
Questions people ask
How much of Innovative Housing Dev Corporation's spending goes to programs?
In the fiscal year ending September 30, 2025, Innovative Housing Dev Corporation reported that 90.3% of its $13.2 million in expenses went to program services, 9.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Innovative Housing Dev Corporation pay its top executive?
The largest total compensation Innovative Housing Dev Corporation reported for one person in the fiscal year ending September 30, 2025 was $145,249, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Innovative Housing Dev Corporation get its money?
Of $13.9 million in revenue in the fiscal year ending September 30, 2025, 0.9% came from contributions and grants (including 0.9% from government grants) and 95.0% from program service revenue (Form 990, Part VIII).
Is Innovative Housing Dev Corporation a registered charity?
The IRS lists EIN 38-2317342 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202620829349300042 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202520449349301102 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202430939349300138 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202300469349300620 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202230429349300128 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202100409349300600 · read the filing
All filings for EIN 38-2317342: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.