BLOOMFIELD HILLS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PRESERVATION HOUSING PARTNERS, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $7.7M represent 29 months of operating reserves.
TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW THROUGH MODERATE INCOME TENANTS.
THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE...
THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC.AS OF DECEMBER 31, 2023, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN SEVEN ENTITIES THAT OWN AND OPERATE AFFORDABLE HOUSING COMMUNITIES. FURTHER DETAILS ON ENTITIES OWNED: - PHP FOX HAVEN LLC ("FOX HAVEN") OWNS A 48 UNIT APARTMENT COMMUNITY LOCATED IN RALEIGH, NORTH CAROLINA OPERATING AS FOX HAVEN APARTMENTS.- PHP HERITAGE HOUSE LIMITED PARTNERSHIP ("HERITAGE HOUSE") OWNS AN 80 UNIT APARTMENT COMMUNITY LOCATED IN LEWISBURG, PENNSYLVANIA OPERATING AS HERITAGE HOUSE APARTMENTS.- PHP LEWIS VILLAGE LLC ("LEWIS VILLAGE") OWNS A 37 UNIT APARTMENT COMMUNITY LOCATED IN ELIZABETHTOWN, NORTH CAROLINA OPERATING AS LEWIS VILLAGE APARTMENTS.- PHP NORTHWOODS LLC ("NORTHWOODS") OWNS A 50 UNIT APARTMENT COMPLEX LOCATED IN BURGAW, NORTH CAROLINA OPERATING AS NORTHWOODS APARTMENTS.- PHP ST. ANDREW'S HOMES LLC ("ST. ANDREW'S") OWNS A 34 UNIT APARTMENT COMPLEX LOCATED IN CHARLOTTE, NORTH CAROLINA OPERATING AS ST. ANDREW'S HOMES APARTMENTS.- PHP WALNUT WOODS LLC ("WALNUT WOODS") OWNS A 36 UNIT APARTMENT COMPLEX LOCATED IN RALEIGH, NORTH CAROLINA OPERATING AS WALNUT WOODS APARTMENTS.- PHP SPRING BROOK MANOR LLC ("SPRING BROOK MANOR") OWNS A 30 UNIT APARTMENT COMPLEX LOCATED IN EATON RAPIDS, MICHIGAN OPERATING AS SPRING BROOK MANOR APARTMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,176,591 | $2,883,171 | +0.1% |
| Expenses | $3,463,364 | $3,114,772 | +0.1% |
| Net Income | $-286,773 | $-231,601 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT S DIEDRICH | PRESIDENT | 40.00 |
Officer
Director
|
$340,000 | $0 | $340,000 |
| STEPHEN BUFFA | VICE PRESIDENT | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL MULLIGAN | SECRETARY | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL JEPSEN | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| DANIEL ANGELI | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| MICHAEL S DIEDRICH | TREASURER | 40.00 |
Officer
|
$170,000 | $0 | $170,000 |
| ROBERT G DIEDRICH | ASSET MANAGER | 40.00 |
Highest
|
$139,000 | $0 | $139,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $3,176,591 | $3,463,364 | $17,320,379 | $-286,773 |
| 2022 | $2,883,171 | $3,114,772 | $17,662,133 | $-231,601 |
| 2021 | $4,586,755 | $3,274,234 | $17,748,211 | $1,312,521 |
| 2020 | $3,431,204 | $3,708,096 | $19,834,729 | $-276,892 |
| 2019 | $3,081,981 | $3,817,078 | $21,220,061 | $-735,097 |
| 2018 | $4,303,405 | $4,068,517 | $19,968,619 | $234,888 |
Compare PRESERVATION HOUSING PARTNERS with other nonprofits in Michigan and across the country.