DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHURCH OF THE MESSIAH HOUSING CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 2357% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 83% operating margin.
TO ENGAGE IN HOUSING, COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES TO IMPROVE THE QUALITY OF LIFE ON THE LOWER EAST SIDE OF DETROIT.
DURING 2024, CMHC SUPERVISED THE ACTIVITIES OF ITS THIRD-PARTY PROPERTY MANAGEMENT COMPANY (CONTINENTAL MANAGEMENT LLC) TO MANAGE ITS FOUR OCCUPIED AFFORDABLE HOUSING DEVELOPMENTS INCLUDING FILED...
DURING 2024, CMHC SUPERVISED THE ACTIVITIES OF ITS THIRD-PARTY PROPERTY MANAGEMENT COMPANY (CONTINENTAL MANAGEMENT LLC) TO MANAGE ITS FOUR OCCUPIED AFFORDABLE HOUSING DEVELOPMENTS INCLUDING FILED STREET III (49 UNITS), BRIDGEVIEW I (11 UNITS), BRIDGEVIEW II (11 UNITS), AND ST. PAUL MANOR APARTMENTS (33 UNITS). CONTINENTAL ALSO MANAGES THE MAINTENANCE OF KINGSTON ARMS, A VACANT 24-UNIT APARTMENT BUILDING.COMPLETED RENOVATION OF FIELD STREET III TOWNHOUSES AND APARTMENTS PRESERVING 49 AFFORDABLE HOUSING UNITS FOR LOW-INCOME HOUSEHOLDS.CONTINUED DEVELOPMENT ACTIVITIES REQUIRED TO RECAPITALIZE AND RENOVATE BRIDGEVIEW I AND BRIDGEVIEW II DEVELOPMENTS (22 UNITS) AND RECEIVED 9% LIHTC RESERVATION IN JULY FOR BRIDGEVIEW III RENOVATION. SUBSEQUENTLY CONSUMMATED CONSTRUCTION LOAN CLOSING AND STARTED RENOVATION IN JULY 2025.SUBMITTED HOME AND LIHTC APPLICATIONS FOR FALL FUNDING ROUNDS FOR CONSTRUCTION OF CMHC'S 130 E GRAND BLVD (54 NEW UNITS) AND RENOVATION OF KINGSTON ARMS APARTMENTS (24 UNITS).STARTED PRE-DEVELOPMENT ACTIVITIES TO OBTAIN FUNDING FOR THE CONSTRUCTION OF CMHC'S BELEEVIEW VILLAGE AFFORDABLE HOUSING DEVELOPMENT (40 UNITS), 15 UNITS WILL BE AVAILABLE FOR PERMANENT SUPPORTOVE HOUSING. OBTAINED PHASE 1 ENVIRONMENTAL ASSESSMENTS AND ARCHITECT PREPARED PRELIMINARY SITE PLANS AND ELEVATIONS.CONTINUED IS RESIDENT ECONOMIC SUPPORT SERVICES PROGRAM PROVIDING MENTORING SUPPORT TO HELP RESIDENTS GAIN ACCESS TO NEEDED SERVICES, EDUCATION, JOB TRAINING AND EMPLOYMENT TO ACHIEVE GREATER ECONOMIC AND HOUSING STABILITY. CMHC CONTINUED ITS CONTRACT ACTIVITIES WITH THE DETROIT EMPLOYMENT SOLUTIONS CORPORATION AS AN IDO SERVICE PROVIDER FOR ITS PILOT JUMPSTART PROGRAM.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,449,224 | $140,378 | +23.6% |
| Expenses | $574,059 | $383,177 | +0.5% |
| Net Income | $2,875,165 | $-242,799 | -12.8% |
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 |
|---|---|---|---|---|---|---|
| BARRY RANDOLPH | MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| DAISY JACKSON | MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| NATASHIA DOOLEY-LODGE | MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| SHARLOTTE ALLEN | MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| SHERRI SCOTT | MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| LYNN WIGGINS | MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| GWEN MCNEAL | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MOORE | VICE PRESIDENT | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| OCIE IRONS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD A CANNON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$65,000 | $0 | $65,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,449,224 | $574,059 | $2,157,768 | $2,875,165 |
| 2023 | $140,378 | $383,177 | $-193,023 | $-242,799 |
| 2022 | $115,083 | $528,656 | $-433,695 | $-413,573 |
| 2021 | $506,483 | $244,463 | $-755,702 | $262,020 |
| 2019 | $231,050 | $538,460 | $697,369 | $-307,410 |
| 2018 | $115,828 | $243,226 | $953,165 | $-127,398 |
Compare CHURCH OF THE MESSIAH HOUSING CORPORATION with other nonprofits in Michigan and across the country.