CHICARES ASSISTED LIVING LTD

EIN: 260565866 501(c)(3) Human Services

Canton, MI

Total Revenue
$404,830
Total Expenses
$391,896
Total Assets
$89,915
Net Assets
$82,482
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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
2007
Legal Domicile
MI
Phone
3136139203
Tax Period
2024-01-01 to 2024-12-31

CHICARES ASSISTED LIVING LTD, founded in 2007, is a small nonprofit in the Human Services sector that reported $405K in total revenue in fiscal year 2024. Expenses of $392K left a modest 3% surplus.

Mission

Providing round the clock residential care to adults with mental illness.

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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 $404,711
Investment Income $119
Other Revenue $0
TOTAL REVENUE $404,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,347
Fundraising Expenses $0
Program Expenses $387,863
Other Expenses $93,549
TOTAL EXPENSES $391,896

Year-over-Year Comparison

2024 2023 Change
Revenue $404,830 $387,771 +0.0%
Expenses $391,896 $484,591 -0.2%
Net Income $12,934 $-96,820 -1.1%
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
4
Independent Members
4
Employees
21
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
3
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Onwusurike Chairperson 0.00
Officer Director
$0 $0 $0
Chuk Izuegbunam Treasurer 0.00
Officer
$0 $0 $0
Kenneth Anene Secretary 0.00
Officer
$0 $0 $0
Chinyelu Anwunah President 30.00
Key Emp
$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 No data No data No data No data
2024 $404,830 $391,896 $89,915 $12,934
2023 $387,771 $484,591 $91,746 $-96,820
2022 $581,627 $697,962 $172,483 $-116,335
2021 $609,074 $641,263 $284,841 $-32,189
2020 $490,820 $488,977 $348,218 $1,843
2019 $513,778 $496,053 $314,182 $17,725
2018 $550,215 $474,400 $296,457 $75,815
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