WOODRIDGE NONPROFIT CORPORATION C/… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $897,536 Revenue: $205,303

WOODRIDGE NONPROFIT CORPORATION PROVIDES HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND THE ELDERLY. THEY OWN AND OPERATE A 100 UNIT APARTMENT PROJECT IN SOUTHFIELD, MICHIGAN UNDER SECTION 207...

WOODRIDGE NONPROFIT CORPORATION PROVIDES HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND THE ELDERLY. THEY OWN AND OPERATE A 100 UNIT APARTMENT PROJECT IN SOUTHFIELD, MICHIGAN UNDER SECTION 207, PURSUANT TO SECTION 223 (F), OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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

WOODRIDGE NONPROFIT CORPORATION C/O FREDERICK ZORN