COMMUNITY HOMEWORKS INC

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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

Principal Officer

CHRIS PRAEDEL

Phone

2699983275

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HOMEWORKS INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

EMPOWERING OUR NEIGHBORS TO MAINTAIN SAFE, STABLE, AND SUSTAINABLE HOMES FOR GENERATIONS.

Program Service Accomplishments

Program 1

Expenses: $1,519,161

COMMUNITY HOMEWORKS DOES HEALTH AND SAFETY CRITICAL HOME REPAIRS IN INCOME ELIGIBLE HOMES, PROVIDE EMPOWERING HOME REPAIR AND MAINTENANCE EDUCATION PROGRAMMING, AND PROVIDE TOOL LENDING. ALL ARE...

COMMUNITY HOMEWORKS DOES HEALTH AND SAFETY CRITICAL HOME REPAIRS IN INCOME ELIGIBLE HOMES, PROVIDE EMPOWERING HOME REPAIR AND MAINTENANCE EDUCATION PROGRAMMING, AND PROVIDE TOOL LENDING. ALL ARE AIMED AT HELPING KALAMAZOO COUNTY RESIDENTS REMAIN IN THEIR HOME.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,433,804

Program Service Revenue $0

Investment Income $14,264

Other Revenue $1,749

TOTAL REVENUE $1,449,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $647,689

Fundraising Expenses $51,815

Program Expenses $1,519,161

Other Expenses $1,093,681

TOTAL EXPENSES $1,741,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,449,817	$2,121,579	-0.3%
Expenses	$1,741,370	$1,262,789	+0.4%
Net Income	$-291,553	$858,790	-1.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$106,419

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS PRAEDEL	EXECUTIVE DI	40.00	Officer	$106,419	$0	$106,419
KYLE GULAU	PRESIDENT	1.50	Officer Director	$0	$0	$0
EMILY GREENMAN WRIGHT	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
EDDIE WARR	TREASURER	1.50	Officer Director	$0	$0	$0
STEVE WALSH	SECRETARY	1.50	Officer Director	$0	$0	$0
SAM FIELD	DIRECTOR	1.50	Director	$0	$0	$0
JAMAURI BOGAN	DIRECTOR	1.50	Director	$0	$0	$0
ABBY FINN	DIRECTOR	1.50	Director	$0	$0	$0
PAMELA BURPEE	DIRECTOR	1.50	Director	$0	$0	$0
KITO JUMANNE-MARSHALL	DIRECTOR	1.50	Director	$0	$0	$0
BROOKE KOLODZIECZYK	DIRECTOR	1.50	Director	$0	$0	$0
WEI DAVID WANG	DIRECTOR	1.50	Director	$0	$0	$0
SHARRIE YINGLING	DIRECTOR	1.50	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	No data	No data	No data	No data
2024	$1,449,817	$1,741,370	$1,604,813	$-291,553
2023	$2,121,579	$1,262,789	$1,899,026	$858,790
2022	$1,104,460	$998,564	$1,044,371	$105,896
2021	$1,052,075	$728,243	$939,612	$323,832
2020	$669,650	$359,282	$669,733	$310,368
2019	$876,048	$783,549	$424,002	$92,499
2018	$1,131,391	$1,115,959	$420,211	$15,432