DWELLING PLACE FOUNDATION

EIN: 202584283 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$105,653
Total Expenses
$2,221
Total Assets
$1,787,598
Net Assets
$1,776,658
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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
2004
Legal Domicile
MI
Principal Officer
VINCE LAMBERT
Phone
6164540928
Tax Period
2024-01-01 to 2024-12-31

DWELLING PLACE FOUNDATION, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $106K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 98% operating margin.

Mission

SUPPORT DWELLING PLACE OF GRAND RAPIDS NPHC AND RELATED NONPROFIT AFFILIATES

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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 $28
Investment Income $105,625
Other Revenue $0
TOTAL REVENUE $105,653

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,221
TOTAL EXPENSES $2,221

Year-over-Year Comparison

2024 2023 Change
Revenue $105,653 $79,888 +0.3%
Expenses $2,221 $1,605 +0.4%
Net Income $103,432 $78,283 +0.3%
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
4
Employees
N/A
Volunteers
4

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
5
$963,419
Total Directors
5
$240,829
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY DEROO FORMER CEO 0.10
Officer Director
$0 $0 $240,829
RICH KOGELSCHATZ CHAIRPERSON 0.10
Director
$0 $0 $0
KIM SIMS VICE CHAIRPERSON 0.10
Director
$0 $0 $0
ANGIE SANBORN TREASURER 0.10
Director
$0 $0 $0
LEE NELSON WEBER SECRETARY 0.10
Director
$0 $0 $0
ALONDA TRAMMELL-MILLER CHIEF PROGRAMS OFFICER 0.10
Officer
$0 $0 $177,424
FELISHA RODRIGUEZ FORMER COO 0.10
Officer
$0 $0 $201,112
VINCE LAMBERT CHIEF FINANCIAL OFFICER 0.10
Officer
$0 $0 $170,410
JACOB HORNER CHIEF REAL ESTATE DEVELOPM 0.10
Officer
$0 $0 $173,644
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
2024 $105,653 $2,221 $1,787,598 $103,432
2023 $79,888 $1,605 $1,610,512 $78,283
2022 $-37,769 $1,120 $1,423,488 $-38,889
2021 $31,920 $1,120 $1,611,507 $30,800
2020 $96,994 $1,336 $1,468,722 $95,658
2019 $58,509 $41,251 $1,367,092 $17,258
2018 $31,393 $1,121 $1,217,822 $30,272
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