RENTAL PROPERTY OWNERS ASSOCIATION OF KENT COUNTY

EIN: 237101212

GRAND RAPIDS, MI

Total Revenue
$472,826
Total Expenses
$501,108
Total Assets
$419,874
Net Assets
$353,813
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MI
Principal Officer
ERIKA FARLEY
Phone
6164543385
Tax Period
2024-04-01 to 2025-03-31

RENTAL PROPERTY OWNERS ASSOCIATION OF KENT COUNTY, founded in 1965, is a small nonprofit that reported $473K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

PROVIDE MEMBERS WITH EDUCATION AND SUPPORT MANAGING RENTAL INVESTMENTS; ENCOURAGE MEMBERS TO PROVIDE QUALITY, AFFORDABLE AND SAFE HOUSING; AND REPRESENT MEMBERSHIP WITH GOVERNMENT ENTITIES AND COMMUNITY.

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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 $0
Program Service Revenue $461,485
Investment Income $11,341
Other Revenue $0
TOTAL REVENUE $472,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,837
Fundraising Expenses $0
Other Expenses $205,271
TOTAL EXPENSES $501,108

Year-over-Year Comparison

2024 2023 Change
Revenue $472,826 $527,696 -0.1%
Expenses $501,108 $477,198 +0.1%
Net Income $-28,282 $50,498 -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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Governance

Voting Members
15
Independent Members
15
Employees
5
Volunteers
N/A

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
1
$119,500
Total Directors
15
$119,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIKA FARLEY EXECUTIVE DI 40.00
Officer Director
$119,500 $0 $119,500
STEVE AMMON DIRECTOR N/A
Director
$0 $0 $0
EDDIE BEEKMAN DIRECTOR N/A
Director
$0 $0 $0
JOEL EMERSON DIRECTOR N/A
Director
$0 $0 $0
JEREMY GARCIA DIRECTOR N/A
Director
$0 $0 $0
GARY HALL DIRECTOR N/A
Director
$0 $0 $0
BERT HEYBOER DIRECTOR N/A
Director
$0 $0 $0
ROB MINCH DIRECTOR N/A
Director
$0 $0 $0
SHARON OLSON DIRECTOR N/A
Director
$0 $0 $0
KIM POST DIRECTOR/SEC N/A
Director
$0 $0 $0
JON SMITH DIRECTOR N/A
Director
$0 $0 $0
TIM VANDENTOORN DIRECTOR N/A
Director
$0 $0 $0
STEVE WHITTEBERRY DIRECTOR N/A
Director
$0 $0 $0
KEVIN WRIGHT DIRECTOR N/A
Director
$0 $0 $0
NICK WYMA DIRECTOR N/A
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 $472,826 $501,108 $419,874 $-28,282
2024 $527,696 $477,198 $427,006 $50,498
2023 $572,152 $536,408 $385,879 $35,744
2022 $612,502 $497,117 $358,699 $115,385
2021 $390,668 $426,304 $262,010 $-35,636
2020 $576,088 $575,827 $303,582 $261
2019 $560,514 $537,053 $316,365 $23,461
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