MERS REAL ESTATE CORPORATION

EIN: 202568487 Community Improvement

LANSING, MI

Total Revenue
N/A
Total Expenses
$396,438
Total Assets
$7,112,033
Net Assets
$-1,480,356
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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
2005
Legal Domicile
MI
Principal Officer
ELISABETH WALDOFSKY
Phone
5177039722
Tax Period
2025-01-01 to 2025-12-31

Mission

TO HOLD PROPERTY AND COLLECT INCOME ON BEHALF OF THE MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $396,438
TOTAL EXPENSES $396,438

Year-over-Year Comparison

2025 2024 Change
Revenue N/A $396,753 -1.0%
Expenses $396,438 $415,508 0.0%
Net Income N/A $-18,755 N/A
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
3
Employees
N/A
Volunteers
9

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS STIBITZ SECRETARY 0.50
Officer Director
$0 $0 $0
ELISABETH WALDOFSKY TREASURER 0.50
Officer Director
$0 $0 $0
KERRIE VANDEN BOSCH PRESIDENT 0.50
Officer 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 No data $396,438 $7,112,033 No data
2024 $396,753 $415,508 $7,105,996 $-18,755
2023 $212,920 $424,428 $8,355,493 $-211,508
2022 $169,523 $393,987 $8,593,736 $-224,464
2021 $184,704 $353,500 $8,963,518 $-168,796
2020 $207,205 $310,037 $8,329,393 $-102,832
2019 $177,054 $319,218 $8,354,133 $-142,164
2018 $86,107 $304,675 $8,815,138 $-218,568
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