PROPERTIES MANAGEMENT UNLIMITED CORPORATION

EIN: 200145713 501(c)(3) Housing & Shelter

PORTAGE, MI

Total Revenue
$532,368
Total Expenses
$374,494
Total Assets
$2,592,192
Net Assets
$2,395,382
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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
2003
Legal Domicile
MI
Principal Officer
LANCE SHAVE
Phone
2692163606
Tax Period
2024-10-01 to 2025-09-30

PROPERTIES MANAGEMENT UNLIMITED CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $532K in total revenue in fiscal year 2024. The organization ran a surplus of $158K, a strong 30% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING AND PROPERTY MANAGEMENT SERVICES TO VULNERABLE PEOPLE; I.E., LOW INCOME ELDERLY, MENTALLY AND/OR DEVELOPMENTALLY DISABLED PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $289,358 Revenue: $532,368

SERVED AS A MANAGEMENT COMPANY FOR GROUP HOMES, APARTMENTS AND OTHER RESIDENTIAL SETTINGS FOR PEOPLE WHO ARE DEVELOPMENTALLY DISABLED, MENTALLY ILL, ELDERLY, CHILDREN AND THOSE WHO SUFFER FROM...

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SERVED AS A MANAGEMENT COMPANY FOR GROUP HOMES, APARTMENTS AND OTHER RESIDENTIAL SETTINGS FOR PEOPLE WHO ARE DEVELOPMENTALLY DISABLED, MENTALLY ILL, ELDERLY, CHILDREN AND THOSE WHO SUFFER FROM DEBILITATING ILLNESSES THAT PREVENT AN INDIVIDUAL FROM FUNCTIONING INDEPENDENTLY IN THE COMMUNITY WITHOUT SUPPORT. PMUC HAS 6 COMMERCIAL PROPERTIES AND 26 RESIDENTIAL PROPERTIES WITH 43 RESIDENTIAL UNITS.

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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 $532,368
Investment Income $0
Other Revenue $0
TOTAL REVENUE $532,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $289,358
Other Expenses $374,494
TOTAL EXPENSES $374,494

Year-over-Year Comparison

2024 2023 Change
Revenue $532,368 $532,368 N/A
Expenses $374,494 $382,551 0.0%
Net Income $157,874 $149,817 +0.1%
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
3
Independent Members
1
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
3
$390,579
Total Directors
3
$390,579
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET FLECKENSTEIN SECRETARY 1.00
Officer Director
$0 $0 $0
DORIS MILLER TREASURER 1.00
Officer Director
$0 $24,103 $119,663
LANCE SHAVE EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $33,716 $270,916
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 $532,368 $374,494 $2,592,192 $157,874
2024 $532,368 $382,551 $2,891,887 $149,817
2023 $532,368 $403,596 $2,692,285 $128,772
2022 $559,461 $376,336 $3,282,936 $183,125
2021 $475,688 $366,780 $2,805,886 $108,908
2020 $475,188 $413,271 $2,861,261 $61,917
2019 $472,038 $396,883 $2,933,167 $75,155
2018 $470,488 $398,911 $2,999,562 $71,577
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