MICHIGAN HOMEOWNER ASSISTANCE NONPROFIT HOUSING CORPORATION (EIN 272296093) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

ASHLEY D MCLEOD

Phone

3136170183

Tax Period

2023-07-01 to 2024-06-30

MICHIGAN HOMEOWNER ASSISTANCE NONPROFIT HOUSING CORPORATION, founded in 2010, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.0M in total revenue in fiscal year 2023. The organization ran a surplus of $10.0M, a strong 100% operating margin.

Mission

CARRY OUT PROGRAMS AND OVERSIGHT RESPONSIBILITIES ON BEHALF OF OR IN CONJUNCTION WITH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO FEDERAL HOUSING PROGRAMS AND PROVIDE SOCIAL, RECREATIONAL, COMMERCIAL, OR COMMUNAL FACILITIES AND PROGRAMS NECESSARY TO SERVE AND IMPROVE RESIDENTIAL AREAS IN WHICH THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY ("MSHDA") AIDED AND/OR FEDERALLY AIDED HOUSING IS LOCATED OR PLANTED TO BE LOCATED, THEREBY ENHANCING THE VIABILITY OF HOUSING;

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,002,500

Program Service Revenue $0

Investment Income $17,685

Other Revenue $10

TOTAL REVENUE $10,020,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,382

TOTAL EXPENSES $6,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,020,195	N/A	N/A
Expenses	$6,382	N/A	N/A
Net Income	$10,013,813	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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY HOVEY	BOARD CHAIR	1.00	Director	$0	$0	$0
TAHIRIH ZIEGLER	VICE CHAIR	0.50	Director	$0	$0	$0
DONALD RENCHER	BOARD MEMBER	0.50	Director	$0	$0	$0
GEOFFREY EHNIS-CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANY KING	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM KLONT	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN LARKIN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOSHUA MILLS	BOARD MEMBER	0.50	Director	$0	$0	$0
LINH SONG	BOARD MEMBER	0.50	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	$10,020,195	$6,382	$10,013,813	$10,013,813

MICHIGAN HOMEOWNER ASSISTANCE NONPROFIT HOUSING CORPORATION