GREATER LANSING NON-PROFIT HOUSING CORPORATION

EIN: 237135627 501(c)(3)

LANSING, MI

Total Revenue
$305,349
Total Expenses
$338,849
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MI
Principal Officer
DIANE SANBORN
Phone
5178532501
Tax Period
2018-01-01 to 2018-12-31

GREATER LANSING NON-PROFIT HOUSING CORPORATION, founded in 1989, is a small nonprofit that reported $305K in total revenue in fiscal year 2018. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $339K exceeded revenue, resulting in a 11% operating deficit.

Mission

HELPING OUR COMMUNITY TO PROSPER BY PROVIDING QUALITY HOUSING ASSISTANCE FOR ALL, REVITALIZING NEIGHBORHOODS AND EMPOWERING RESIDENTS THROUGH EDUCATION AND COUNSELING.

Program Service Accomplishments

Program 1
Expenses: $2,074 Revenue: $68,443

GREATER LANSING HOUSING COALITION REHABILTATED DILAPIDATED HOMES IN A TARGET AREA OF LANSING, MI. THESE HOMES WERE THEN SOLD TO FAMILIES WHO MEET LOW INCOME QUALIFICATIONS. HOMEOWNERSHIP IS THE GOAL.

Program 2
Expenses: $15,642 Revenue: $79,500

THE COALITION WORKS WITH COMMUNITY ORGANIZATIONS TO IMPROVE NEIGHBORHOODS IN THE CITY OF LANSING BY PROVIDING COUNSELING AND THE NEIGHBORHOOD EMPOWERMENT CENTER.

Program 3
Expenses: $81,070 Revenue: $15,850

HOUSING PROVIDED TO LOW INCOME FAMILIES THROUGH APARTMENTS OWNED BY AFFILIATES OF THE NONPROFIT ORGANIZATION. TENANTS MUST MEET FEDERAL GUIDELINES OF LOW INCOME.

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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 (2018)

Revenue Breakdown

Contributions & Grants $98,932
Program Service Revenue $163,793
Investment Income $25,123
Other Revenue $17,501
TOTAL REVENUE $305,349

Expense Breakdown

Grants Paid $37,373
Salaries & Benefits $65,900
Fundraising Expenses $19
Program Expenses $98,786
Other Expenses $235,576
TOTAL EXPENSES $338,849

Year-over-Year Comparison

2018 2017 Change
Revenue $305,349 $471,032 -0.4%
Expenses $338,849 $591,299 -0.4%
Net Income $-33,500 $-120,267 -0.7%
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
6
Independent Members
6
Employees
5
Volunteers
6

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
$15,631
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM KALTENBACH MEMBER 0.00
Director
$0 $0 $0
SUE SHAFFER TREASURER N/A
Officer Director
$0 $0 $0
DIANE SANBORN PRESIDENT N/A
Officer Director
$0 $0 $0
TIM MROZOWSKI MEMBER N/A
Director
$0 $0 $0
KATHLEEN FRANCIS SECRETARY N/A
Officer Director
$0 $0 $0
CASSANDRA NELSON MEMBER N/A
Director
$0 $0 $0
KIM SHAPIRO EXECUTIVE DI 40.00
Officer
$15,631 $0 $15,631
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
2018 $305,349 $338,849 No data $-33,500
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