EXODUS PLACE

EIN: 270526744 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$1,660,605
Total Expenses
$1,593,385
Total Assets
$1,019,972
Net Assets
$-17,866
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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
2009
Legal Domicile
MI
Principal Officer
ROBERT MUNGER
Phone
6162429130
Tax Period
2024-08-01 to 2025-07-31

EXODUS PLACE, founded in 2009, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 4% surplus.

Mission

EXODUS PLACE IS A FACILITY FOR MEN COMING OUT OF HOMELESSNESS, PRISONS AND DIFFICULT LIFE CIRCUMSTANCES. OUR OBJECTIVE IS TO HELP RESTORE THE LIVES OF MEN THAT HAVE BEEN FACED WITH ALMOST HOPELESS SITUATIONS.

Program Service Accomplishments

Program 1
Expenses: $1,222,461 Revenue: $1,127,242

EXODUS PLACE OFFERS MEN WHO COME FROM SEEMINGLY HOPELESS SITUATIONS AND OFFERS POSITIVE AND HEALTHY ACTIVITIES WHICH PROVIDE ORGANIZATION AND STRUCTURE IN THEIR LIVES. EXODUS PLACE ACCOMPLISHES THIS...

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EXODUS PLACE OFFERS MEN WHO COME FROM SEEMINGLY HOPELESS SITUATIONS AND OFFERS POSITIVE AND HEALTHY ACTIVITIES WHICH PROVIDE ORGANIZATION AND STRUCTURE IN THEIR LIVES. EXODUS PLACE ACCOMPLISHES THIS GOAL THROUGH AFFORDABLE HOUSING, MENTORING, COUNSELING, ENCOURAGEMENT, ASSISTANCE WITH EMPLOYMENT RESOURCES, BIBLE STUDIES, AA MEETINGS, COMPUTER SKILLS, AND MUCH MORE. EXODUS PLACE ALSO OFFERS OTHER ACCOMODATIONS FOR MEN WHO HAVE NEED. THESE ACCOMODATIONS INCLUDE LAUNDY, VENDING MACHINES, AND FOOD SERVICES.

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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 $524,053
Program Service Revenue $1,127,242
Investment Income $78
Other Revenue $9,232
TOTAL REVENUE $1,660,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $629,658
Fundraising Expenses $154,947
Program Expenses $1,222,461
Other Expenses $963,727
TOTAL EXPENSES $1,593,385

Year-over-Year Comparison

2024 2023 Change
Revenue $1,660,605 $1,518,089 +0.1%
Expenses $1,593,385 $1,605,425 0.0%
Net Income $67,220 $-87,336 -1.8%
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
5
Independent Members
3
Employees
89
Volunteers
250

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
$90,547
Total Directors
5
$90,547
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT MUNGER PRESIDENT/CE 40.00
Officer Director
$90,547 $0 $90,547
CYNTHIA GLADYNESS PRESIDENT 2.00
Officer Director
$0 $0 $0
DR JEREMIAH JOHNS TREASURER 2.00
Officer Director
$0 $0 $0
RALPH MASON DIRECTOR 2.00
Director
$0 $0 $0
BRAD GREENO DIRECTOR 5.00
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 $1,660,605 $1,593,385 $1,019,972 $67,220
2024 $1,518,089 $1,605,425 $1,067,431 $-87,336
2023 $1,506,766 $1,591,012 $1,152,893 $-84,246
2022 $1,524,262 $1,453,047 $1,205,295 $71,215
2021 $1,834,903 $1,723,851 $1,167,490 $111,052
2020 $1,406,434 $1,389,657 $1,167,726 $16,777
2019 $1,298,595 $1,314,927 $975,149 $-16,332
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