GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ICCF COMMUNITY HOMES, founded in 1974, is a community nonprofit in the Housing & Shelter sector that reported $8.4M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $10.5M exceeded revenue, resulting in a 26% operating deficit.
EQUITABLE OPPORTUNITY. AFFORDABLE HOMES. THRIVING NEIGHBORHOODS.
ICCF BUILDS AND RENOVATES RENTAL HOUSING WITH AN EMPHASIS ON RESIDENTIAL MANAGEMENT AND RESIDENT DIGNITY. OVER 600 RENTAL UNITS ARE PROVIDED AT BELOW MARKET RATES. IN ADDITION, PROGRAMS ARE AVAILABLE...
ICCF BUILDS AND RENOVATES RENTAL HOUSING WITH AN EMPHASIS ON RESIDENTIAL MANAGEMENT AND RESIDENT DIGNITY. OVER 600 RENTAL UNITS ARE PROVIDED AT BELOW MARKET RATES. IN ADDITION, PROGRAMS ARE AVAILABLE TO EVERY RENTAL RESIDENT TO TEACH THEM SKILLS TOWARD BECOMING HOMEOWNERS THEMSELVES. FAMILIES ASSUME POSITIONS OF RESPONSIBILITY IN THE OPERATION OF THEIR RENTAL COMMUNITIES THROUGH THE TENANT CENTERED MANAGEMENT PROGRAM, AND A SOCIAL WORK TEAM PROVIDES DIRECT SERVICES AND REFERRALS.
ICCF'S HOUSING COUNSELING PROGRAM IS CERTIFIED BY HUD AND THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA) AND ADHERES TO THE NATIONAL INDUSTRY STANDARDS FOR HOUSING COUNSELORS. IN FY2024 170...
ICCF'S HOUSING COUNSELING PROGRAM IS CERTIFIED BY HUD AND THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA) AND ADHERES TO THE NATIONAL INDUSTRY STANDARDS FOR HOUSING COUNSELORS. IN FY2024 170 HOUSEHOLDS ENGAGED WITH OUR RESIDENT PROGRAMS. 438 INDIVIDUALS COMPLETED A HOMEBUYER EDUCATION SERIES. ALL CLIENTS ARE SERVED REGARDLESS OF INCOME, RACE, COLOR, RELIGION/CREED, SEX, NATIONAL ORIGIN, AGE, FAMILY STATUS, DISABILITY, OR SEXUAL ORIENTATION/GENDER IDENTITY. PROGRAMS ARE ADMINISTERED IN CONFORMITY WITH LOCAL, STATE, AND FEDERAL ANTI-DISCRIMINATION LAWS, INCLUDING THE FEDERAL FAIR HOUSING ACT (42 USC 3600, ET SEQ.)ICCF OFFERS TWO CLASS SERIES: INTRODUCTION TO HOMEOWNERSHIP AND FINANCIAL CAPABILITIES. TOGETHER THESE SERVE TO EQUIP PROSPECTIVE HOMEBUYERS OR OTHERS WHO ARE WORKING TO ACHIEVE FINANCIAL GOALS OR AFFORDABLE HOUSING. CLASSES ARE TAUGHT BY EXPERTS ON ICCF STAFF AND OFFERED IN ENGLISH AND SPANISH. IN ADDITION, DEDICATED HOUSING COUNSELING AND AN INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) DOWN PAYMENT MATCHING PROGRAM ARE AVAILABLE FOR QUALIFIED CLIENTS. THROUGH THESE PROGRAMS, PARTICIPANTS HAVE THE OPPORTUNITY TO IMPROVE THEIR FAMILY AND HOUSING SITUATIONS, AND INCREASE THEIR OPPORTUNITIES IN LIFE.
EMERGENCY SHELTER FOR HOMELESS FAMILIES - FAMILY HAVEN: IN FY2024 21 FAMILIES (32 ADULTS AND 80 CHILDREN) RECEIVED EMERGENCY HOUSING AND SERVICES DESIGNED TO TAKE THEM FROM HOMELESSNESS TO STABLE...
EMERGENCY SHELTER FOR HOMELESS FAMILIES - FAMILY HAVEN: IN FY2024 21 FAMILIES (32 ADULTS AND 80 CHILDREN) RECEIVED EMERGENCY HOUSING AND SERVICES DESIGNED TO TAKE THEM FROM HOMELESSNESS TO STABLE HOUSING AT ICCF'S EMERGENCY FAMILY SHELTER CALLED FAMILY HAVEN. 21 OF THE 21 FAMILIES HOUSED DURING FY2024 EXITED FAMILY HAVEN TO PERMANENT HOUSING. UP TO TWELVE MONTHS OF FOLLOW UP SERVICES HELP FAMILIES SECURE COMMUNITY RESOURCES, EMPLOYMENT, EDUCATION, CHILD CARE, ETC. ALL REFERRALS TO FAMILY HAVEN ARE RECEIVED FROM THE HOUSING ASSESSMENT PROGRAM AT THE SALVATION ARMY.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,364,924 | $9,557,894 | -0.1% |
| Expenses | $10,547,657 | $9,289,596 | +0.1% |
| Net Income | $-2,182,733 | $268,298 | -9.1% |
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 |
|---|---|---|---|---|---|---|
| CAMERON YOUNG | DIRECTOR - CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| EUNICE LOPEZ-MARTIN | DIRECTOR - VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIANNE PITCHFORD | DIRECTOR - SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TOM PRINCE | DIRECTOR - TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMECIA ADAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID CONTANT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARLEN-DEAN GADDY | DIRECTOR - PART YEAR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY DEYOUNG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARJORIE DOOD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE HARDY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM JACKSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RHODA KREUZER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEXI WOODS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN VERWYS | CEO | 40.00 |
Officer
|
$0 | $18,057 | $158,499 |
| MOLLY PETERSEN | VICE PRESIDENT OF FINANCE | 40.00 |
Officer
|
$0 | $0 | $29,407 |
| DERRICK SMITH | VICE PRESIDENT OF FINANCE-PART YEAR | 40.00 |
Officer
|
$0 | $7,634 | $85,098 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2024 | $8,364,924 | $10,547,657 | $63,000,552 | $-2,182,733 |
| 2023 | $9,557,894 | $9,289,596 | $65,764,497 | $268,298 |
| 2022 | $12,188,676 | $9,963,395 | $56,991,774 | $2,225,281 |
| 2021 | $13,226,910 | $8,228,730 | $57,299,342 | $4,998,180 |
| 2020 | $10,679,610 | $7,969,641 | $55,847,215 | $2,709,969 |
| 2019 | $12,298,039 | $8,354,245 | $62,649,584 | $3,943,794 |
| 2018 | $9,129,308 | $5,488,394 | $58,488,254 | $3,640,914 |
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