RESOLUTE ADULT LIVING FACILITY

EIN: 043662262 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$246,909
Total Expenses
$240,111
Total Assets
$31,319
Net Assets
$31,319
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MI
Principal Officer
Lisa Tillman
Phone
6162434696
Tax Period
2024-01-01 to 2024-12-31

RESOLUTE ADULT LIVING FACILITY, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $247K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

AFFORDABLE ASSISTED LIVING FOR ELDERLY AND DISABLED.

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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 $0
Program Service Revenue $246,909
Investment Income $0
Other Revenue $0
TOTAL REVENUE $246,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $240,111
Other Expenses $240,111
TOTAL EXPENSES $240,111

Year-over-Year Comparison

2024 2023 Change
Revenue $246,909 $212,589 +0.2%
Expenses $240,111 $205,489 +0.2%
Net Income $6,798 $7,100 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
1

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
4
$0
Total Directors
0
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIRGINIA TILLMAN-BAILEY PRESIDENT 0
Officer
$0 $0 $0
MABLE NICKERSON VICE PRESIDENT 0
Officer
$0 $0 $0
LISA TILLMAN TREASURER 12.00
Officer Key Emp
$0 $0 $0
ANNETTE HAYES SECRETARY 20
Officer Key Emp
$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 No data No data No data No data
2024 $246,909 $240,111 $31,319 $6,798
2023 $212,589 $205,489 $24,521 $7,100
2022 $223,876 $216,210 $17,421 $7,666
2021 $216,565 $206,810 $9,755 $9,755
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