DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LIFE REMODELED, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 53% operating margin.
THERE'S A LOT OF TALK BUT NOT ENOUGH WALK WHEN IT COMES TO REVITALIZING DETROIT NEIGHBORHOODS. LIFE REMODELED WORKS WITH COMMUNITIES AND ORGANIZATIONS TO CREATE NEIGHBORHOOD REVITALIZATION THAT LASTS.OUR UNIQUE MODEL REPURPOSES VACANT SCHOOL BUILDINGS INTO ONE-STOP HUBS OF OPPORTUNITY WHERE FAMILIES CAN THRIVE. WE FILL THESE HUBS WITH THE BEST AND BRIGHTEST NONPROFIT ORGANIZATIONS AND FACILITATE COLLABORATION TO CREATE FAR GREATER LIFE TRANSFORMATION TOGETHER THAN WAS PREVIOUSLY POSSIBLE ALONE.TOGETHER, WE ENSURE MORE:1. DETROIT STUDENTS PERFORM AT OR ABOVE GRADE LEVEL IN MATH AND READING2. FAMILIES HAVE ACCESS TO ESSENTIAL HEALTH AND WELLNESS SERVICES3. COMMUNITY MEMBERS OBTAIN HIGHER PAYING JOBS AND ACHIEVE ECONOMIC SELF-SUFFICIENCYEACH YEAR, WE ALSO MOBILIZE THOUSANDS OF VOLUNTEERS TO REMOVE BLIGHT AND BEAUTIFY FOUR SQUARE MILES IN ONLY SIX DAYS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,946,403 | $2,873,152 | +1.1% |
| Expenses | $2,794,159 | $2,281,868 | +0.2% |
| Net Income | $3,152,244 | $591,284 | +4.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| OMARI TAYLOR | CDO | 50.00 |
Officer
Director
|
$115,000 | $0 | $115,000 |
| RON RISHER | CHAIRMAN OF THE BOARD | 4.00 |
Director
|
$0 | $0 | $0 |
| JIM BAHBAH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DARRIN SCHULTZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EARL NEWSOME | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM COMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RABBI JOSH BENNETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GINA PEOPLES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA TURNER-HANDY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HOLLY KINNEAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DWAN DANDRIDGE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRENCE WILLIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHUCK BINKOWSKI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALICE THOMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LATOYIA WEBB | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER LAMBERT | CEO | 60.00 |
Officer
|
$185,000 | $22,017 | $207,017 |
| DIALLO SMITH | COO | 50.00 |
Officer
|
$132,500 | $0 | $132,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,946,403 | $2,794,159 | $9,477,706 | $3,152,244 |
| 2022 | $2,873,152 | $2,281,868 | $6,209,517 | $591,284 |
| 2021 | $2,566,103 | $2,010,032 | $5,753,529 | $556,071 |
| 2020 | $4,234,556 | $2,047,580 | $5,031,119 | $2,186,976 |
| 2019 | $2,601,976 | $1,812,427 | $3,730,363 | $789,549 |
| 2018 | $2,883,506 | $2,595,914 | $2,640,420 | $287,592 |
Compare LIFE REMODELED with other nonprofits in Michigan and across the country.