LEELANAU REACH C/O HOMESTRETCH HOUSING

EIN: 201190609 501(c)(3)

TRAVERSE CITY, MI

Total Revenue
$1,930
Total Expenses
$571
Total Assets
$25,116
Net Assets
$25,116
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Principal Officer
ROBERT SCHLUETER
Phone
2319476001
Tax Period
2020-01-01 to 2020-12-31

LEELANAU REACH C/O HOMESTRETCH HOUSING is a micro nonprofit that reported $2K in total revenue in fiscal year 2020. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1K, a strong 70% operating margin.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING TO PLAN AND DEVELOP DECENT AFFORDABLE HOMEOWNERSHIP AND RENTAL HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES BY SUCH METHODS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS. THIS INCLUDES BUT IS NOT LIMITED TO THE RECEIVING, COLLECTING AND DISBURSING THE MONIES FROM GRANTS, CONTRIBUTIONS, GIFTS, BEQUESTS, AND LEGACIES FOR THE PURPOSE OF PLANNING, DEVELOPING, SPONSORING, OWNING, OPERATING AND MANAGING HOUSING FACILITIES, AND TO CONSTRUCT, BUY, SELL, LEASE, HOLD, IMPROVE, AND OTHERWISE DEAL IN REAL AND PERSONAL PROPERTY INCIDENTAL TO SUCH PURPOSES, AND PERFORM ALL OTHER LAWFUL ACTIONS CONSISTENT WITH THE OTHER PURPOSES OF THE CORPORATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $6,378
Program Service Revenue $0
Investment Income $-4,448
Other Revenue $0
TOTAL REVENUE $1,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $571
TOTAL EXPENSES $571

Year-over-Year Comparison

2020 2019 Change
Revenue $1,930 $22,516 -0.9%
Expenses $571 N/A N/A
Net Income $1,359 $22,516 -0.9%
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

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

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SCHLUETER CHAIR 2.00
Officer
$0 $0 $0
BILL COLLINS VICE CHAIR 2.00
Officer
$0 $0 $0
EMILY KELLY TREASURER 2.00
Officer
$0 $0 $0
ROLF VON WALTHAUSEN SECRETARY 2.00
Officer
$0 $0 $0
JOHN GALLAGHER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS FREY DIRECTOR 1.00
Director
$0 $0 $0
BOB HAWLEY DIRECTOR 1.00
Director
$0 $0 $0
KATHY KOCH DIRECTOR 1.00
Director
$0 $0 $0
TOM MAYHEW DIRECTOR 1.00
Director
$0 $0 $0
TY WESSEL DIRECTOR 1.00
Director
$0 $0 $0
TRUDY GALLA DIRECTOR 1.00
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
2020 $1,930 $571 $25,116 $1,359
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