REDEEMED AMERICAN HOMES INC

EIN: 270141262 501(c)(3) Human Services

Westland, MI

Total Revenue
$782,834
Total Expenses
$837,272
Total Assets
$8,065
Net Assets
$-250,155
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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
Tax Period
2024-01-01 to 2024-12-31

REDEEMED AMERICAN HOMES INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $783K in total revenue in fiscal year 2024.

Mission

To provide 24 hour residential services to individual with disability and or mental illness. These people need assistant to allow them to function in society.

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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 $782,834
Investment Income $0
Other Revenue $0
TOTAL REVENUE $782,834

Expense Breakdown

Grants Paid $0
Salaries & Benefits $322,298
Fundraising Expenses $0
Program Expenses $656,803
Other Expenses $514,974
TOTAL EXPENSES $837,272

Year-over-Year Comparison

2024 2023 Change
Revenue $782,834 $774,000 +0.0%
Expenses $837,272 $992,080 -0.2%
Net Income $-54,438 $-218,080 -0.8%
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
3
Independent Members
3
Employees
24
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
0
$0
Total Directors
2
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanny Felix Treasurer 0.00
Director
$0 $0 $0
Princess Felix Secretary 0.00
Director
$0 $0 $0
Princess Kennedy President 40.00
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
2024 $782,834 $837,272 $8,065 $-54,438
2023 $774,000 $992,080 $6,851 $-218,080
2022 $949,603 $909,781 $58,651 $39,822
2021 $810,062 $863,018 $27,870 $-52,956
2020 $662,708 $700,122 $75,299 $-37,414
2019 $613,874 $636,569 $72,911 $-22,695
2018 $507,689 $477,103 $95,606 $30,586
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