CHARITY HOME CARE SERVICES INC

EIN: 271819732 501(c)(3)

Detroit, MI

Total Revenue
$168,193
Total Expenses
$157,052
Total Assets
$60,516
Net Assets
$57,565
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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
2008
Legal Domicile
MI
Principal Officer
SYLVANUS IKERI
Tax Period
2021-01-01 to 2021-12-31

CHARITY HOME CARE SERVICES INC, founded in 2008, is a small nonprofit that reported $168K in total revenue in fiscal year 2021. Expenses of $157K left a modest 7% surplus.

Mission

TO PROVIDE ADULT FOSTER HOME CARE

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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 (2021)

Revenue Breakdown

Contributions & Grants $168,193
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $168,193

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $130,580
Other Expenses $157,052
TOTAL EXPENSES $157,052

Year-over-Year Comparison

2021 2020 Change
Revenue $168,193 N/A N/A
Expenses $157,052 N/A N/A
Net Income $11,141 N/A N/A
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
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SYLVANUS IKERI PRESIDENT 5.00
Officer
$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
2021 $168,193 $157,052 $60,516 $11,141
2020 $207,175 $189,819 $52,352 $17,356
2019 $193,964 $184,643 $47,723 $9,321
2018 $204,715 $193,004 $41,569 $11,711
2017 $194,188 $178,047 $41,384 $16,141
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