MICHIGAN INTERFAITH HOUSING CORP INC (EIN 382292400) - 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

1981

Legal Domicile

Principal Officer

DARRELL LANCOUR

Phone

9068632211

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN INTERFAITH HOUSING CORP INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $497K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PROVIDES 51 APARTMENTS FOR LOW-INCOME, ELDERLY INDIVIDUALS. PROGRAM IS ORGANIZED AND SUBSIDIZED UNDER SECTION 8 OF SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959 AS AMENDED.

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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 $19,979

Program Service Revenue $477,244

Investment Income $138

Other Revenue $0

TOTAL REVENUE $497,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,432

Fundraising Expenses $0

Program Expenses $429,548

Other Expenses $407,379

TOTAL EXPENSES $493,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$497,361	$445,307	+0.1%
Expenses	$493,811	$492,746	+0.0%
Net Income	$3,550	$-47,439	-1.1%

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

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

$122,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BELLISLE	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
REV LINDA FORRAY	SECRETARY	0.50	Officer Director	$0	$0	$0
GLEN MAGRANE	TREASURER	0.50	Officer Director	$0	$0	$0
DARRELL LANCOUR	CEO	1.00	Officer	$0	$13,105	$122,565

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	$497,361	$493,811	$1,170,002	$3,550
2022	$445,307	$492,746	$1,182,996	$-47,439
2021	$454,071	$466,968	$1,230,290	$-12,897
2020	$463,682	$465,604	$1,297,583	$-1,922

MICHIGAN INTERFAITH HOUSING CORP INC