BLUE WATER DEVELOPMENTAL HOUSING INC

EIN: 382140797 501(c)(3) Human Services

ST CLAIR, MI

Total Revenue
$14,268,264
Total Expenses
$14,045,745
Total Assets
$7,543,399
Net Assets
$5,994,186
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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
1976
Legal Domicile
MI
Principal Officer
LISA BEEDON
Phone
8103881200
Tax Period
2023-10-01 to 2024-09-30

BLUE WATER DEVELOPMENTAL HOUSING INC, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $14.3M in total revenue in fiscal year 2023.

Mission

ASSISTED LIVING FOR THE DEVELOPMENTALLY IMPAIRED.

Program Service Accomplishments

Program 1
Expenses: $12,763,928 Revenue: $13,703,445

THE PROGRAMS PROVIDE COMPREHENSIVE RESIDENTIAL SERVICES FOR DEVELOPMENTALLY AND EMOTIONALLY IMPAIRED. THE PROGRAM MAINTAINS FOURTEEN HOMES AND PROVIDES IN-HOME CARE TO SEVERAL INDIVIDUALS.

Program 2

N/A

Program 3

N/A

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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 $425,567
Program Service Revenue $13,597,991
Investment Income $771
Other Revenue $243,935
TOTAL REVENUE $14,268,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,591,950
Fundraising Expenses $0
Program Expenses $12,763,928
Other Expenses $1,453,795
TOTAL EXPENSES $14,045,745

Year-over-Year Comparison

2023 2022 Change
Revenue $14,268,264 $14,623,658 0.0%
Expenses $14,045,745 $14,807,749 -0.1%
Net Income $222,519 $-184,091 -2.2%
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
8
Independent Members
8
Employees
325
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
6
$236,723
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE BRACKEN DIRECTOR 0.38
Director
$0 $0 $0
MICHAEL CARRELL DIRECTOR 0.38
Director
$0 $0 $0
ANNMARIE OTTOY DIRECTOR 0.38
Director
$0 $0 $0
MALLORY SCHIEMAN DIRECTOR 0.38
Director
$0 $0 $0
BONNIE BARRETT SECRETARY 0.38
Officer
$0 $0 $0
KRISTINE EDIE VICE PRESIDENT 0.38
Officer
$0 $0 $0
REBECCA CALDWELL TREASURER 0.38
Officer
$0 $0 $0
KATHRINE JACKSON-DREWEK PRESIDENT 0.38
Officer
$0 $0 $0
LISA BEEDON EXECUTIVE DIRECTOR 40.00
Officer
$136,659 $9,248 $145,907
SUSAN YEAGER FINANCE DIRECTOR 40.00
Officer
$80,763 $10,053 $90,816
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 $14,268,264 $14,045,745 $7,543,399 $222,519
2023 $14,623,658 $14,807,749 $7,380,238 $-184,091
2022 $13,180,365 $12,947,184 $6,966,714 $233,181
2021 $13,592,557 $11,751,815 $7,021,558 $1,840,742
2020 $11,243,181 $11,086,271 $6,426,894 $156,910
2019 $9,031,685 $8,982,655 $4,303,993 $49,030
2018 $8,011,354 $7,882,546 $4,124,204 $128,808
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