INTERFAITH HOMES OF KALAMAZOO A NON-PROFIT HOUSING CORPORATION (EIN 381905021) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

CAROLE MCNEES

Phone

2693502040

Tax Period

2024-07-01 to 2025-06-30

INTERFAITH HOMES OF KALAMAZOO A NON-PROFIT HOUSING CORPORATION, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024.

Mission

PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,228,767

Program Service Revenue $502,964

Investment Income $363

Other Revenue $0

TOTAL REVENUE $2,732,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,390

Fundraising Expenses $0

Program Expenses $2,260,025

Other Expenses $2,074,343

TOTAL EXPENSES $2,757,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,732,094	$2,716,793	+0.0%
Expenses	$2,757,733	$2,659,571	+0.0%
Net Income	$-25,639	$57,222	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE MCNEES	PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID F ANDERSON	VICE PRESIDE	0.04	Officer Director	$0	$0	$0
DEE VELKOFF	TREASURER	0.06	Officer Director	$0	$0	$0
DANIEL MCGLINN	SECRETARY	0.04	Officer Director	$0	$0	$0
ARTRELLA COHN	DIRECTOR	0.06	Director	$0	$0	$0
STEVEN HASSEVOORT	DIRECTOR	0.06	Director	$0	$0	$0
STACEY RANDOLPH-LEDBETTER	DIRECTOR	0.06	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR	0.03	Director	$0	$0	$0
LOLA AMOS	DIRECTOR	0.06	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
2025	$2,732,094	$2,757,733	$3,758,531	$-25,639
2024	$2,716,793	$2,659,571	$3,843,653	$57,222
2023	$2,622,841	$2,643,086	$3,755,492	$-20,245
2022	$2,811,996	$2,622,542	$3,910,100	$189,454
2021	$2,380,434	$2,175,194	$3,682,143	$205,240
2020	$2,445,479	$2,234,491	$3,502,694	$210,988
2019	$2,238,660	$2,358,211	$3,323,429	$-119,551
2018	$2,437,439	$2,130,686	$3,509,967	$306,753

INTERFAITH HOMES OF KALAMAZOO A NON-PROFIT HOUSING CORPORATION