WOODRIDGE NONPROFIT CORPORATION C/O FREDERICK ZORN

EIN: 208397855 501(c)(3) Housing & Shelter

SOUTHFIELD, MI

Total Revenue
$910,664
Total Expenses
$957,249
Total Assets
$2,836,934
Net Assets
$199,665
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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
2006
Legal Domicile
MI
Principal Officer
KEN SIVER
Phone
2488092571
Tax Period
2023-01-01 to 2023-12-31

WOODRIDGE NONPROFIT CORPORATION C/O FREDERICK ZORN, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $911K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND THE ELDERLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $696,964
Program Service Revenue $201,329
Investment Income $8,007
Other Revenue $4,364
TOTAL REVENUE $910,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $171,980
Fundraising Expenses $0
Program Expenses $897,536
Other Expenses $785,269
TOTAL EXPENSES $957,249

Year-over-Year Comparison

2023 2022 Change
Revenue $910,664 $1,072,530 -0.2%
Expenses $957,249 $999,264 0.0%
Net Income $-46,585 $73,266 -1.6%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK E ZORN JR VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KEN SIVER PRESIDENT 5.00
Officer Director
$0 $0 $0
YOSEF ZIGDON TREASURER 1.00
Officer Director
$0 $0 $0
ARI MICHAEL MANDELBAUM SECRETARY 0.50
Officer Director
$0 $0 $0
VICKI BAYNE PERRY BOARD MEMBER 0.50
Director
$0 $0 $0
LORA BRANTLEY-GILBERT BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID WALKER BOARD MEMBER 0.50
Director
$0 $0 $0
KAYLA WIMBUSH BOARD MEMBER 0.50
Director
$0 $0 $0
DON DEFOE BOARD MEMBER 0.50
Director
$0 $0 $0
LATRICIA JONES BOARD MEMBER 0.50
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
2024 No data No data No data No data
2023 $910,664 $957,249 $2,836,934 $-46,585
2022 $1,072,530 $999,264 $2,956,119 $73,266
2021 $961,118 $937,726 $2,724,482 $23,392
2020 $1,009,027 $916,482 $2,681,798 $92,545
2019 $1,014,851 $917,733 $2,631,221 $97,118
2018 $991,682 $1,003,472 $2,574,846 $-11,790
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