MIDLAND AREA HOMES INC

EIN: 381913233 501(c)(3) Housing & Shelter

MIDLAND, MI

Total Revenue
$1,214,900
Total Expenses
$1,233,295
Total Assets
$1,455,450
Net Assets
$1,423,732
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MI
Principal Officer
JOE COFFEY
Phone
9894969550
Tax Period
2023-10-01 to 2024-09-30

MIDLAND AREA HOMES INC, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

TO HELP MIDLAND COUNTY RESIDENTS IN NEED, SUSTAIN STABLE HOUSING THROUGH EDUCATION, ADVOCACY AND SUPPORT SERVICES, AND PROMOTING SELF-SUFFICENCY.

Program Service Accomplishments

Program 1
Expenses: $199,730

ASSIST LOW INCOME FAMILIES AND LOW INCOME SENIORS REMAIN IN THEIR HOMES BY DOING MINOR HOME REPAIRS.

Program 2
Expenses: $1,001,271

ASSIST LOW INCOME MIDLAND COUNTY RESIDENTS PREVENT IMMINENT HOUSING LOSS AND HOMELESSNESS. FAMILIES CONTINUE TO WORK WITH A CASEWORKER WITH THE ULTIMATE GOAL OF IMPROVING SELF-SUFFICIENCY TO MAINTAIN...

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ASSIST LOW INCOME MIDLAND COUNTY RESIDENTS PREVENT IMMINENT HOUSING LOSS AND HOMELESSNESS. FAMILIES CONTINUE TO WORK WITH A CASEWORKER WITH THE ULTIMATE GOAL OF IMPROVING SELF-SUFFICIENCY TO MAINTAIN STABLE AND SUITABLE HOUSING OVER TIME.

Program 3
Expenses: $19,139

HELP LOW INCOME FAMILIES FURNISH THEIR HOMES BY DISTRIBUTING DONATED FURNITURE - FREE OF CHARGE.

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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 $1,222,073
Program Service Revenue $0
Investment Income $-3,292
Other Revenue $-3,881
TOTAL REVENUE $1,214,900

Expense Breakdown

Grants Paid $6,980
Salaries & Benefits $395,301
Fundraising Expenses $0
Program Expenses $1,220,140
Other Expenses $831,014
TOTAL EXPENSES $1,233,295

Year-over-Year Comparison

2023 2022 Change
Revenue $1,214,900 $1,223,666 0.0%
Expenses $1,233,295 $1,151,810 +0.1%
Net Income $-18,395 $71,856 -1.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
13
Volunteers
38

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
7
$119,988
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODNEY TAGGET FINANCE DIRE 40.00
Officer
$56,034 $0 $56,034
JOE COFFEY EXECUTIVE DI 40.00
Officer
$35,558 $0 $35,558
DONNA ST JOHN FORMER EXECU 40.00
Officer
$28,396 $0 $28,396
JIM BELLOR TREASURER 1.00
Officer Director
$0 $0 $0
ROBB BOERNER DIRECTOR 1.00
Director
$0 $0 $0
PATRICK CZERWINSKI BOARD SECRET 1.00
Officer Director
$0 $0 $0
MONICA HARPER DIRECTOR 1.00
Director
$0 $0 $0
KELLI MINARDI DIRECTOR 1.00
Director
$0 $0 $0
KEVIN SHAUGHNESSY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SHIRK VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ROB TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
STACEY TRAPANI BOARD PRESID 1.00
Officer 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 $1,214,900 $1,233,295 $1,455,450 $-18,395
2023 $1,223,666 $1,151,810 $1,418,743 $71,856
2023 $1,237,956 $1,151,808 $1,418,743 $86,148
2022 $3,716,670 $4,046,536 $1,332,023 $-329,866
2021 $3,230,431 $2,647,206 $1,720,320 $583,225
2020 $986,641 $933,247 $1,163,044 $53,394
2019 $830,745 $693,989 $1,066,545 $136,756
2018 $1,233,927 $641,411 $930,976 $592,516
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