MDBM-EPSILON SENIOR HOUSING CORPOR… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

ELIZABETH GOLESKI

Phone

2486266100

Tax Period

2023-01-01 to 2023-12-31

MDBM-EPSILON SENIOR HOUSING CORPORATION, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 13% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $1,050,588 Revenue: $319,775

THE ORGANIZATION ESTABLISHED AND OPERATED HOMES IN SOUTHEASTERN MICHIGAN WHERE THE AGED MAY BE CARED FOR IN COMFORTABLE SURROUNDINGS AND AMID COMPANIONSHIP AND AN ENVIRONMENT OF CHRISTIAN PEOPLE.

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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 $1,036,840

Program Service Revenue $319,775

Investment Income $331

Other Revenue $462

TOTAL REVENUE $1,357,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $354,256

Fundraising Expenses $0

Program Expenses $1,050,588

Other Expenses $821,550

TOTAL EXPENSES $1,175,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,357,408	$1,319,995	+0.0%
Expenses	$1,175,806	$1,110,317	+0.1%
Net Income	$181,602	$209,678	-0.1%

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

$506,023

Total Directors

$690,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SCOTT	TREASURER	0.25	Officer Director	$0	$0	$0
ELIZABETH GOLESKI	CEO/PRESIDENT	0.00	Officer Director	$0	$12,962	$253,230
RYAN DOELLE	HOUSING DIRECTOR	10.00	Officer Director	$0	$19,592	$121,462
RYAN GOLESKI	DEVELOPMENT DIRECTOR	0.00	Director	$0	$20,580	$184,385
SRIDEVI NISTALA	SECRETARY/CORPORATE DIR. OF FINANCE	10.00	Officer Director	$0	$18,507	$131,331
KALPESH PATEL	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$1,357,408	$1,175,806	$2,046,184	$181,602
2022	$1,319,995	$1,110,317	$2,162,297	$209,678
2021	$960,010	$1,001,266	$2,103,071	$-41,256
2020	$973,687	$951,956	$2,204,185	$21,731
2019	$965,903	$944,963	$2,057,092	$20,940
2018	$949,864	$936,765	$2,197,062	$13,099

MDBM-EPSILON SENIOR HOUSING CORPORATION