DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LUTHERAN NONPROFIT HOUSING CORPORATION- LANSING, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $153K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $173K exceeded revenue, resulting in a 13% operating deficit.
THE ORGANIZATION OPERATES A 14-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.
PROVIDED HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS THROUGH...
PROVIDED HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS THROUGH LONGER LIVING. CHARGES FOR SUCH FACILITIES AND SERVICES ARE BASED ON A BREAKEVEN BASIS. THE PROJECT IS A 14-UNIT APARTMENT COMPLEX.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $153,412 | $128,931 | +0.2% |
| Expenses | $173,461 | $166,759 | +0.0% |
| Net Income | $-20,049 | $-37,828 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| AGNES LEWIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD BRYCE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HAROLD SOLLENBERGER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANN NESTELL | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE BURSIAN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY SUE KAMENS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIDGETTE ZAPPACOSTA | DIRECTOR OF FINANCE | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $153,412 | $173,461 | $937,018 | $-20,049 |
| 2023 | $128,931 | $166,759 | $951,001 | $-37,828 |
| 2022 | $139,618 | $202,373 | $991,574 | $-62,755 |
| 2021 | $136,838 | $177,651 | $1,054,449 | $-40,813 |
| 2020 | $144,877 | $161,048 | $1,096,764 | $-16,171 |
| 2019 | $126,804 | $165,481 | $1,116,904 | $-38,677 |
| 2018 | $129,490 | $150,174 | $1,148,054 | $-20,684 |
Compare LUTHERAN NONPROFIT HOUSING CORPORATION- LANSING with other nonprofits in Michigan and across the country.