SOUTHFIELD, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHANCE FOR LIFE ORGANIZATION INC, founded in 2005, is a community nonprofit in the Unknown sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 12% surplus.
TO TRANSFORM THE MINDSET OF BOTH THE INCARCERATED AND FORMALLY INCARCERATED INDIVIDUALS IN AN EFFORT TO REDUCE RECIDIVISM AND PROMOTE COMMUNITY SAFETY. TO ASSIST FAMILIES WITH THE INTEGRATION OF FORMERLY INCARCERATED INDIVIDUALS BACK INTO THE FAMILY UNIT AS WELL AS INTO THE COMMUNITY.
IN 2024 CHANCE FOR LIFE FACILITATED "RE-ENTRY" PROGRAMS IN 7 MICHIGAN DEPARTEMENT OF CORRECTIONS FACILITIES TO ASSIST INCARCERATED INDIVIDUALS PREPARING FOR RE-ENTRY INTO SOCIETY. DURING THE YEAR...
IN 2024 CHANCE FOR LIFE FACILITATED "RE-ENTRY" PROGRAMS IN 7 MICHIGAN DEPARTEMENT OF CORRECTIONS FACILITIES TO ASSIST INCARCERATED INDIVIDUALS PREPARING FOR RE-ENTRY INTO SOCIETY. DURING THE YEAR, 1,357 INDIVIDUALS BENIFITTED FROM VARIOUS PROGRAMS TO ASSIST INMATES AND FORMER PRISONERSDURING THE TRANSITION FROM PRISON TO NORMAL SOCEITY. FURTHERMORE, THE ORGANIZATION PROVIDED TRANSFORMATIONAL TRAINING CLASSES IN VARIOUS LOCATIONS TO NUMEROUS INDIVIDUALS. THE WAITING LIST TO ATTEND THESE CLASSES AVERAGES 20-25 PEOPLE. THESE PROGRAMS INCLUDED COURSES IN CONFLICT RESOLUTION, JOB TRAINING, COACHING AND MENTORSHIP.
IN ADDITION TO PROVIDING LIFE IMPROVEMENT, THE ORGANIZATION PROVIDED THE FOLLOWING SERVICES TO THE COMMUNITY - PROVIDED FOOD TO 105 FAMILIES. - PROVIDED CLOTHING & HYGIENE PRODUCTS TO OVER 100...
IN ADDITION TO PROVIDING LIFE IMPROVEMENT, THE ORGANIZATION PROVIDED THE FOLLOWING SERVICES TO THE COMMUNITY - PROVIDED FOOD TO 105 FAMILIES. - PROVIDED CLOTHING & HYGIENE PRODUCTS TO OVER 100 INDIVIDUALS. - PROVIDED JOBS ASSISTANCE OR WORK RELATED SERVICES TO OVER 90 PEOPLE.
DURING 2024, CHANCE FOR LIFE IMPLEMENTED THE SOAR PROGRAM FOR SENIORS IN SUPPORT OF A PROGRAM FUNDED BY THE DETROIT AREA AGENCY ON AGING, DAAA. THIS PROGRAM ASSISTS SENIORS WITH GED SUPPORT...
DURING 2024, CHANCE FOR LIFE IMPLEMENTED THE SOAR PROGRAM FOR SENIORS IN SUPPORT OF A PROGRAM FUNDED BY THE DETROIT AREA AGENCY ON AGING, DAAA. THIS PROGRAM ASSISTS SENIORS WITH GED SUPPORT, IMMIGRATION ASSISTANCE & MONTHLY CHECK-INS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,158,365 | $845,677 | +0.4% |
| Expenses | $1,017,057 | $943,744 | +0.1% |
| Net Income | $141,308 | $-98,067 | -2.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JESSICA TAYLOR | EXECUTIVE DI | 50.00 |
Officer
|
$120,299 | $0 | $120,299 |
| THOMAS ADAMS | PRESIDENT | 60.00 |
Officer
|
$118,100 | $0 | $118,100 |
| RICHARD BAIRD | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| ALICIA BELL | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| RAYMOND BOOKER | COUNCIL MEMB | N/A |
Officer
Director
|
$0 | $0 | $0 |
| EDWARD L BRANCH | COUNCIL CHAI | N/A |
Officer
Director
|
$0 | $0 | $0 |
| JOHN BROAD | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| ODIS BUFFINGTON | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| DR RAPHAEL JOHNSON | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| BENJAMIN JONES | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| MINISTER ANTHONY JONES | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| JONATHAN KINLOCH | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| PETER MARTEL | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| PASTOR DARRYL MOORE | COUNCIL MEMB | N/A |
Director
|
$0 | $0 | $0 |
| WILLIAM RILEY | COUNCIL VICE | N/A |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,158,365 | $1,017,057 | $88,026 | $141,308 |
| 2023 | $845,677 | $943,744 | No data | $-98,067 |
| 2022 | $691,024 | $628,537 | $67,625 | $62,487 |
| 2021 | $311,921 | $404,970 | $4,628 | $-93,049 |
| 2020 | $394,404 | $396,025 | $74,377 | $-1,621 |
| 2019 | $457,140 | $412,076 | $77,851 | $45,064 |
| 2018 | $332,321 | $193,230 | $25,983 | $139,091 |
| 2017 | $220,097 | $222,103 | No data | $-2,006 |
Compare CHANCE FOR LIFE ORGANIZATION INC with other nonprofits in Michigan and across the country.