DWELLING PLACE FOUNDATION

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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

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.

Program Service Accomplishments

Program 1

Revenue: $28

CONTRIBUTIONS RECEIVED FROM DWELLING PLACE OF GRAND RAPIDS NPHC TO THE DWELLING PLACE FOUNDATION HAVE RESULTED IN SUFFICIENT FUNDING THAT WILL ALLOW IT TO MAKE DISTRIBUTIONS IN COMING YEARS FROM...

CONTRIBUTIONS RECEIVED FROM DWELLING PLACE OF GRAND RAPIDS NPHC TO THE DWELLING PLACE FOUNDATION HAVE RESULTED IN SUFFICIENT FUNDING THAT WILL ALLOW IT TO MAKE DISTRIBUTIONS IN COMING YEARS FROM INVESTMENT INCOME TO SUPPORT DWELLING PLACE PROGRAMS. THE FOUNDATION CONTINUES TO SOLICIT DONATIONS FROM EXTERNAL SOURCES FOR INCREASED PROGRAM FUNDING.

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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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$963,419

Total Directors

$240,829

Key Employees

Highest Compensated

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