COMMUNITY HOMEWORKS INC

EIN: 271037159 501(c)(3) Housing & Shelter

KALAMAZOO, MI

Total Revenue
$1,449,817
Total Expenses
$1,741,370
Total Assets
$1,604,813
Net Assets
$1,508,956
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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
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.

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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 $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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Governance

Voting Members
13
Independent Members
12
Employees
17
Volunteers
20

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
5
$106,419
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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