CITY SQUARE ELDERLY HOUSING INC

EIN: 042794776 501(c)(3) Housing & Shelter

WARREN, MI

Total Revenue
$4,823,744
Total Expenses
$3,877,505
Total Assets
$11,609,797
Net Assets
$-19,955,169
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MA
Principal Officer
CINDY LAMB
Phone
5867539002
Tax Period
2024-07-01 to 2025-06-30

CITY SQUARE ELDERLY HOUSING INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $946K, a strong 20% operating margin.

Mission

TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $3,429,132 Revenue: $708,380

CITY SQUARE ELDERLY HOUSING, INC. IS A MASSACHUSETTS NON-PROFIT HOUSING CORPORATION ORGANIZED ON A NON-STOCK BASIS. THE CORPORATION WAS FORMED IN JUNE 1983 TO ACQUIRE AN INTEREST IN REAL PROPERTY...

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CITY SQUARE ELDERLY HOUSING, INC. IS A MASSACHUSETTS NON-PROFIT HOUSING CORPORATION ORGANIZED ON A NON-STOCK BASIS. THE CORPORATION WAS FORMED IN JUNE 1983 TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN CHARLESTOWN, MASSACHUSETTS, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT PROJECT OF 120 UNITS. HOUSING IS PROVIDED TO LOW INCOME SENIORS IN COOPERATION WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. IN AUGUST 2022, CITY SQUARE ELDERLY HOUSING, INC. TRANSFERRED ITS LAND, REAL AND PERSONAL PROPERTY AND OTHER ASSETS TO CITY SQUARE ELDERLY HOUSING LIMITED PARTNERSHIP, A WHOLLY-OWNED SUBSIDIARY OF CITY SQUARE ELDERLY HOUSING, INC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,996,323
Program Service Revenue $708,380
Investment Income $111,356
Other Revenue $7,685
TOTAL REVENUE $4,823,744

Expense Breakdown

Grants Paid $223,787
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,429,132
Other Expenses $3,653,718
TOTAL EXPENSES $3,877,505

Year-over-Year Comparison

2024 2023 Change
Revenue $4,823,744 $4,218,842 +0.1%
Expenses $3,877,505 $13,049,853 -0.7%
Net Income $946,239 $-8,831,011 -1.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
17

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$613,148
Total Directors
16
$613,148
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERYLE MOREY PRESIDENT 0.10
Officer Director
$0 $0 $0
MARY DALESSANDRO VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JERI DRAUGHON SECRETARY 0.10
Officer Director
$0 $0 $0
SHIRLEY MORELAND TREASURER 0.10
Officer Director
$0 $0 $0
CINDY LAMB ASSISTANT TREASURER 0.10
Officer Director
$0 $38,191 $245,105
ANNE SACKRISON ASSISTANT SECRETARY 0.10
Officer Director
$0 $69,471 $368,043
GERALD MAHOM JR DIRECTOR 0.10
Director
$0 $0 $0
DEANIE ROBINSON DIRECTOR 0.10
Director
$0 $0 $0
GLORIA HARRIS DIRECTOR 0.10
Director
$0 $0 $0
CATHERINE POWELL DIRECTOR 0.10
Director
$0 $0 $0
LINDA DENNIS DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM H GROGAN DIRECTOR 0.10
Director
$0 $0 $0
MARIETTA MARTIN DIRECTOR 0.10
Director
$0 $0 $0
DARLA HUTTINGER REGIONAL MANAGER 0.10
Highest
$0 $43,767 $220,392
MARGUERITE D ANGELO REGIONAL MANAGER 0.10
Highest
$0 $28,825 $213,583
DIANE SMITH NATIONAL DEVELOPMENT MANAGER 0.10
Highest
$0 $55,737 $259,515
MEL HUDSON NATIONAL CONSTRUCTION MANAGER 0.10
Highest
$0 $66,377 $269,361
TIM BRAUNSCHEIDAL CHIEF OPERATIONS OFFICER 0.10
Highest
$0 $54,786 $242,844
ANNIE MITCHELL FORMER PRESIDENT 0.10
Officer Director
$0 $0 $0
GLORIA PARRIS FORMER VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JUDY ROBERTS FORMER DIRECTOR 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,823,744 $3,877,505 $11,609,797 $946,239
2024 $4,218,842 $13,049,853 $10,979,979 $-8,831,011
2023 $3,729,388 $12,094,067 $21,618,130 $-8,364,679
2022 $1,938,820 $1,921,027 $3,565,286 $17,793
2021 $1,949,244 $1,954,240 $3,649,743 $-4,996
2020 $1,918,906 $1,885,627 $3,737,959 $33,279
2019 $1,882,543 $1,888,900 $3,743,714 $-6,357
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