SOUTHFIELD NONPROFIT NEIGHBORHOOD … - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

KEN SIVER

Phone

2484706840

Tax Period

2023-01-01 to 2023-12-31

SOUTHFIELD NONPROFIT NEIGHBORHOOD CORPORATION, founded in 1973, is a small nonprofit in the Housing & Shelter sector that reported $582K in total revenue in fiscal year 2023. The organization ran a surplus of $243K, a strong 42% operating margin.

Mission

PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME AND THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $18,332 Revenue: $162,649

HOLD AND DEVELOP LAND AND BUILDINGS TO CREATE AND MAINTAIN QUALITY HOUSING AND NEIGHBORHOOD STABILIZATION IN FURTHERANCE OF MISSION WHICH INCLUDES PROVIDING AFFORDABLE HOUSING FOR FAMILIES AND...

HOLD AND DEVELOP LAND AND BUILDINGS TO CREATE AND MAINTAIN QUALITY HOUSING AND NEIGHBORHOOD STABILIZATION IN FURTHERANCE OF MISSION WHICH INCLUDES PROVIDING AFFORDABLE HOUSING FOR FAMILIES AND SENIORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,815

Program Service Revenue $162,649

Investment Income $381,760

Other Revenue $5,000

TOTAL REVENUE $582,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,332

Other Expenses $338,787

TOTAL EXPENSES $338,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,224	$609,165	0.0%
Expenses	$338,787	$476,671	-0.3%
Net Income	$243,437	$132,494	+0.8%

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
KEN SIVER	PRESIDENT	5.00	Officer Director	$0	$0	$0
FREDERICK E ZORN JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
YOSEF ZIGDON	TREASURER	1.00	Officer Director	$0	$0	$0
DON DEFOE	BOARD MEMBER	0.50	Director	$0	$0	$0
ARI MICHAEL MANDELBAUM	SECRETARY	1.00	Officer Director	$0	$0	$0
VICKI BAYNE-PERRY	BOARD MEMBER	0.50	Director	$0	$0	$0
LORA BRANTLEY-GILBERT	BOARD MEMBER	0.50	Director	$0	$0	$0
LATRICIA JONES	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID WALKER II	BOARD MEMBER	0.50	Director	$0	$0	$0
KAYLA WIMBUSH	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2023	$582,224	$338,787	$16,119,848	$243,437
2022	$609,165	$476,671	$15,661,775	$132,494
2021	$402,111	$312,839	$16,186,644	$89,272
2020	$886,874	$206,474	$15,447,692	$680,400
2019	$642,835	$280,432	$14,849,479	$362,403
2018	$614,811	$332,896	$14,713,747	$281,915

SOUTHFIELD NONPROFIT NEIGHBORHOOD CORPORATION