FLINT RETIREMENT HOMES INC

EIN: 381845927

FLINT, MI

Total Revenue
$567,902
Total Expenses
$446,356
Total Assets
$992,665
Net Assets
$924,301
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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
1967
Legal Domicile
MI
Phone
8102392159
Tax Period
2024-01-01 to 2024-12-31

FLINT RETIREMENT HOMES INC, founded in 1967, is a small nonprofit that reported $568K in total revenue in fiscal year 2024. The organization ran a surplus of $122K, a strong 21% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO SENIOR CITIZENS WITH LOW TO MODERATE INCOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $546,935
Investment Income $13,753
Other Revenue $7,214
TOTAL REVENUE $567,902

Expense Breakdown

Grants Paid $0
Salaries & Benefits $77,182
Fundraising Expenses $0
Program Expenses $333,452
Other Expenses $369,174
TOTAL EXPENSES $446,356

Year-over-Year Comparison

2024 2023 Change
Revenue $567,902 $572,499 0.0%
Expenses $446,356 $500,503 -0.1%
Net Income $121,546 $71,996 +0.7%
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
9
Independent Members
9
Employees
1
Volunteers
N/A

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
$0
Total Directors
5
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHEILA ZORN DIRECTOR 0.00
Director
$0 $0 $0
BETH SCHUMACHER DIRECTOR 0.00
Director
$0 $0 $0
LARRY STECCO DIRECTOR 0.00
Director
$0 $0 $0
ERNELLE TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
MARY FAKOURY DIRECTOR 0.00
Director
$0 $0 $0
CRAIG CONEY PRESIDENT 0.00
Officer
$0 $0 $0
TINSI KLINE TREASURER 0.00
Officer
$0 $0 $0
SCOTT STENSAAS SECRETARY 0.00
Officer
$0 $0 $0
CRAIG KELLEY VICE PRESIDENT 0.00
Officer
$0 $0 $0
F ROBERT EDWARDS MANAGING AGENT 0.00
Key Emp
$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 $567,902 $446,356 $992,665 $121,546
2023 $572,499 $500,503 $871,782 $71,996
2022 $535,261 $489,639 $781,085 $45,622
2021 $538,064 $437,075 $733,115 $100,989
2020 $525,401 $544,712 $748,142 $-19,311
2019 $599,318 $564,739 $728,498 $34,579
2018 $605,931 $534,789 $684,391 $71,142
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