GREAT LAKES URBAN RESTORATION NETW… - 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

2009

Legal Domicile

Principal Officer

DAVE VELTKAMP

Tax Period

2018-01-01 to 2018-12-31

GREAT LAKES URBAN RESTORATION NETWORK, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2018.

Mission

GREAT LAKES URBAN IS AN URBAN-FOCUSED CHRISTIAN COMMUNITY DEVELOPMENT ORGANIZATION IN THE GREAT LAKES REGION. THIS CORPORATION IS ORGANIZED TO ASSIST ECONOMICALLY DISADVANTAGED COMMUNITIES WITH EMPHASIS ON MICHIGAN AND THE GREAT LAKES REGION AND BEYOND. IT EXISTS TO ENCOURAGE AND DEVELOP INDIGENOUS LEADERS, AND TO STRENGTHEN NEIGHBORHOODS THROUGH THE PRACTICE(S) OF ASSET BASED COMMUNITY DEVELOPMENT.(ABCD); TO PARTNER WITH URBAN MINISTRIES IN LOCAL AREAS AND DEVELOP RELATIONSHIPS WITHIN THE COMMUNITY; TO PROVIDE HUMAN AND FINANCIAL RESOURCES TO HELP BUILD LONG-TERM SUSTAINABLE AND EFFECTIVE HOUSING; TO PROVIDE LOW-INCOME FAMILIES WITH AFFORDABLE AND QUALITY HOMES; TO PURCHASE, FIX AND RE-SELL AT BELOW MARKET COST HOMES FOR LOW-INCOME FAMILIES; FOR THE IMPROVEMENT OF THE COMMUNITY AND THE RELIEF OF POVERTY AND DISTRESS THROUGH THE PROVIDING OF AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES; AND CARRYING ON ANY BUSINESS IN CONNECTION THEREWITH AND INCIDENTAL THERETO, AND DOING

Program Service Accomplishments

Program 1

Expenses: $154,839

IN 2018, GREAT LAKES URBAN CONTINUED TO EXPAND THE NUMBER OF TRAINED NEIGHBORHOOD-ROOTED COMMUNITY CONNECTORS TO FACILITATE POSITIVE NEIGHBORHOOD CHANGE, COACHED PARTNERS IN RESPECTFUL AND IMPACTFUL COMMUNITY ENGAGEMENT, BEGAN AN AFFORDABLE HOUSING INITIATIVE, AND ENGAGED YOUTH IN SHORT-TERM MISSION OPPORTUNITIES TO STRENGTHEN URBAN NEIGHBORHOODS. ACCOMPLISHMENTS IN 2018 12 HOLLAND CHRISTIAN STUDENTS LEARNED ABOUT "A BETTER KIND OF CHARITY" 16 CALVIN COLLEGE STUDENTS STUDIED ASSET BASED COMMUNITY DEVELOPMENT 14 PEOPLE ATTENDED OUR ABCD SEMINAR AT THE FAITH AND INTERNATIONAL DEVELOPMENT CONFERENCE 15 PEOPLE ATTENDED ABCD TRAINING DAYS 40 STAKEHOLDERS WERE INTRODUCED TO ABCD METHODS 30 GRAND VALLEY STATE UNIVERSITY AND 14 HOPE COLLEGE STUDENTS SERVED KALEY SQUARE, THE POLIS INSTITUTE, AND UNITED GLOBAL OUTREACH IN FLORIDA 20 FOLKS OF VARIOUS AGES FROM 14TH STREET CHRISTIAN REFORMED CHURCH IN HOLLAND SERVED GLU AND OUR PARTNER, MOSAIC CHRISTIAN COMMUNITY DEVELOPMENT ASSOCIATION, IN BENTON HARBOR. 18 YOUTH FROM REHOBOTH HIGH SCHOOL (MCBAIN, MICHIGAN) SERVED WITH NEW HOPE AND CALVARY REFORMED CHURCHES IN CLEVELAND. 20 YOUTH FROM REHOBOTH MIDDLE SCHOOL (MCBAIN, MICHIGAN) SERVED BRIDGING COMMUNITIES AND HESED COMMUNITY CHURCH IN DETROIT 1 HOUSE WAS REMODELED IN BENTON HARBOR TO INITIATE THE AFFORDABLE HOUSING MINISTRY THERE

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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 (2018)

Revenue Breakdown

Contributions & Grants $128,723

Program Service Revenue $31,557

Investment Income $0

Other Revenue $49,887

TOTAL REVENUE $210,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,892

Fundraising Expenses $19,959

Program Expenses $154,839

Other Expenses $86,835

TOTAL EXPENSES $219,727

Year-over-Year Comparison

	2018	2017	Change
Revenue	$210,167	$206,696	+0.0%
Expenses	$219,727	$202,972	+0.1%
Net Income	$-9,560	$3,724	-3.6%

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

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

$46,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN GENZINK	CHAIRPERSON(	6.00	Officer Director	$0	$0	$0
TIM VANDE BUNTE	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVE VELTKAMP	TREASURER	0.50	Officer Director	$0	$0	$0
SARAH RYNSEMA- SYBENGA	BOARD MEMBER	0.50	Director	$0	$0	$0
DEB MC CREARY	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
RACHAEL HOEKSTRA	EX DIR (CURR	40.00	Officer	$22,500	$4,073	$26,573
JAY VAN GRONINGEN	EX DIR (FORM	40.00	Officer	$19,500	$0	$19,500

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
2018	$210,167	$219,727	$18,945	$-9,560

GREAT LAKES URBAN RESTORATION NETWORK