MDBM-EPSILON SENIOR HOUSING CORPORATION

EIN: 300417471 501(c)(3) Housing & Shelter

FARMINGTON HILLS, MI

Total Revenue
$1,357,408
Total Expenses
$1,175,806
Total Assets
$2,046,184
Net Assets
$-1,153,363
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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
MI
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.

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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 (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

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Governance

Voting Members
6
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$506,023
Total Directors
6
$690,408
Key Employees
0
$0
Highest Compensated
0
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
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