ESSEX NON-PROFIT HOUSING CORPORATION

EIN: 203773809 501(c)(3) Crime & Legal

WARREN, MI

Total Revenue
$23,043,956
Total Expenses
$5,645,251
Total Assets
$17,016,628
Net Assets
$16,945,870
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MD
Principal Officer
CINDY LAMB
Phone
5867539002
Tax Period
2024-07-01 to 2025-06-30

ESSEX NON-PROFIT HOUSING CORPORATION, founded in 2005, is a mid-sized nonprofit in the Crime & Legal sector that reported $23.0M in total revenue in fiscal year 2024. Revenue surged 775% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.4M, a strong 76% operating margin.

Mission

TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $5,373,747 Revenue: $21,641,631

ESSEX NON-PROFIT HOUSING CORPORATION IS A MARYLAND NON-PROFIT HOUSING CORPORATION ORGANIZED ON A NON-STOCK BASIS BY COOPERATIVE SERVICES, INC., A MICHIGAN NON-PROFIT COOPERATIVE. THE CORPORATION WAS...

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ESSEX NON-PROFIT HOUSING CORPORATION IS A MARYLAND NON-PROFIT HOUSING CORPORATION ORGANIZED ON A NON-STOCK BASIS BY COOPERATIVE SERVICES, INC., A MICHIGAN NON-PROFIT COOPERATIVE. THE CORPORATION WAS FORMED TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN ESSEX, MARYLAND AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT PROJECT OF 209 UNITS. HOUSING IS PROVIDED TO LOW INCOME SENIORS IN COOPERATION WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.ESSEX NON-PROFIT HOUSING CORPORATION NOW FUNDS THE PROJECT THROUGH A SELLER CARRYBACK LOAN AND IS THE SOLE MEMBER OF ESSEX GP LLC. THE MAIN PURPOSE OF THIS ENTITY GOING FORWARD WILL BE A FINANCIAL ARM OF THE LOW INCOME HOUSING PROJECT THROUGH THE NEW PARTNERSHIP.

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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 $1,307,690
Program Service Revenue $758,504
Investment Income $20,889,809
Other Revenue $87,953
TOTAL REVENUE $23,043,956

Expense Breakdown

Grants Paid $3,691,702
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,373,747
Other Expenses $1,953,549
TOTAL EXPENSES $5,645,251

Year-over-Year Comparison

2024 2023 Change
Revenue $23,043,956 $2,635,020 +7.7%
Expenses $5,645,251 $2,685,796 +1.1%
Net Income $17,398,705 $-50,776 -343.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
70

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
8
$613,148
Total Directors
16
$613,148
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERYLE MOREY PRESIDENT 0.10
Officer Director
$0 $0 $0
MARY DALESSANDRO VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JERI DRAUGHON SECRETARY 0.10
Officer Director
$0 $0 $0
SHIRLEY MORELAND TREASURER 0.10
Officer Director
$0 $0 $0
CINDY LAMB ASSISTANT TREASURER 0.10
Officer Director
$0 $38,191 $245,105
ANNE SACKRISON ASSISTANT SECRETARY 0.10
Officer Director
$0 $69,471 $368,043
GERALD MAHOM JR DIRECTOR 0.10
Director
$0 $0 $0
DEANIE ROBINSON DIRECTOR 0.10
Director
$0 $0 $0
GLORIA HARRIS DIRECTOR 0.10
Director
$0 $0 $0
CATHERINE POWELL DIRECTOR 0.10
Director
$0 $0 $0
ETHEL YOUNG DIRECTOR 0.10
Director
$0 $0 $0
GINA CARTER DIRECTOR 0.10
Director
$0 $0 $0
DARLA HUTTINGER REGIONAL MANAGER 0.10
Highest
$0 $43,767 $220,392
MARGUERITE D ANGELO REGIONAL MANAGER 0.10
Highest
$0 $28,825 $213,583
DIANE SMITH NATIONAL DEVELOPMENT MANAGER 0.10
Highest
$0 $55,737 $259,515
MEL HUDSON NATIONAL CONSTRUCTION MANAGER 0.10
Highest
$0 $66,377 $269,361
TIM BRAUNSCHEIDAL CHIEF OPERATIONS OFFICER 0.10
Highest
$0 $54,786 $242,844
ANNIE MITCHELL FORMER PRESIDENT 0.10
Officer Director
$0 $0 $0
GLORIA PARRIS FORMER VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JUDY ROBERTS FORMER DIRECTOR 0.10
Director
$0 $0 $0
MARIETTA MARTIN FORMER DIRECTOR 0.10
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 $23,043,956 $5,645,251 $17,016,628 $17,398,705
2024 No data No data No data No data
2023 $2,660,453 $2,304,517 $7,257,074 $355,936
2022 $2,989,282 $2,413,460 $7,278,087 $575,822
2021 $2,607,598 $2,314,873 $6,679,108 $292,725
2020 $2,528,004 $2,421,914 $6,694,482 $106,090
2019 $2,511,296 $2,265,523 $6,692,061 $245,773
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