L โ€” Housing & ShelterEIN: 842483072ยท Ruling Year: 2019

Harbor Inn

Southfield, Michigan

CHealth Score
35C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

๐Ÿ’ฐ
$2.2M
Total Revenue
๐Ÿ“Š
$3.8M
Total Expenses
๐Ÿฆ
-$692K
Net Assets
๐Ÿ“‹
$27.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+128.3%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-72.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
-0.18
Net assets divided by total expenses
Liabilities-to-Assets
102.6%
Total liabilities as % of total assets

Filing History

5 filings on record
YearRevenueExpensesAssets
2023$2,176,925โ†‘128%$3,756,572โ†‘57%$27,044,195โ†“4%
2022$953,596โ†‘276%$2,398,472โ†‘452%$28,304,078โ†‘21%
2021$253,423$434,897โ†‘4209%$23,317,130โ†‘129%
2020$0$10,093$10,161,236โ†‘374%
2019$0$0$2,145,934

Frequently Asked Questions

What does Harbor Inn do?โ–ผ

Harbor Inn is a housing & shelter nonprofit organization based in Michigan. It is classified under NTEE code L40 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Harbor Inn financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Harbor Inn has a score of 35/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Harbor Inn generate?โ–ผ

Harbor Inn reports $2.9M in annual revenue and holds $25.9M in total assets, based on IRS filings.

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Harbor Inn โ€” Southfield, MI | GiveScope