GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DWELLING PLACE OF GRAND RAPIDS NONPROFIT, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $8.6M exceeded revenue, resulting in a 16% operating deficit.
DWELLING PLACE CONTINUES TO FULFILL ITS MISSION BY DEVELOPING, OWNING AND MANAGING MORE THAN 1,300 AFFORDABLE HOUSING UNITS FOR LOW AND MODERATE INCOME FAMILIES. DURING 2024, MORE THAN 1,612 HOUSEHOLDS BENEFITED FROM DWELLING PLACE HOUSING PROGRAMS INCLUDING MORE THAN 738 PREVIOUSLY HOMELESS INDIVIDUALS. IN ITS EFFORTS TO REVITALIZE NEIGHBORHOODS, DWELLING PLACE HAS DEVELOPED AND MANAGES MORE THAN 40 COMMERCIAL SPACES, LEASING BOTH TO NOT-FOR-PROFIT ORGANIZATIONS AND FOR-PROFIT BUSINESSES THAT OFFER CRITICAL SERVICES AND CREATE JOBS IN THE NEIGHBORHOODS WHERE DWELLING PLACE IS PRESENT. DWELLING PLACE ALSO OFFERS CRITICAL SOCIAL SERVICES FOR RESIDENTS WHO MAY REQUIRE THOSE SERVICES TO MAINTAIN HOUSING STABILITY AND IMPORTANT BUSINESS SUPPORT TO SMALL AND START-UP BUSINESSES IN THE NEIGHBORHOODS WHERE IT WORKS.
DWELLING PLACE PROVIDES AFFORDABLE RENT RESTRICTED HOUSING TO OVER 1,462 LOW-INCOME HOUSEHOLDS IN WEST MICHIGAN, ASSISTS HOUSEHOLDS IN ACCESSING SUPPORT SERVICES WHEN REQUESTED, AND OPERATES...
DWELLING PLACE PROVIDES AFFORDABLE RENT RESTRICTED HOUSING TO OVER 1,462 LOW-INCOME HOUSEHOLDS IN WEST MICHIGAN, ASSISTS HOUSEHOLDS IN ACCESSING SUPPORT SERVICES WHEN REQUESTED, AND OPERATES COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS IN THE AREA. DWELLING PLACE LEASES OVER 40 COMMERCIAL SPACES. DURING 2024, DWELLING PLACE CONTINUED ITS DEVELOPMENT ACTIVITY IN SEVERAL PROJECTS. DURING 2024 DWELLING PLACE CONTINUED THE PROCESS OF RE-SYNDICATION FOR FOUR PROPERTIES. WESTON APARTMENTS, WHICH CONSISTS OF 190 UNITS, VERNE BARRY APARTMENTS WHICH CONSISTS OF 116 UNITS, AND ELMDALE APARTMENTS WHICH CONSIST OF 19 UNITS ALL LOCATED IN THE CITY OF GRAND RAPIDS. ADDITIONALLY, VILLA ESPERANZA CONSISTS OF 40 UNITS LOCATED IN THE CITY OF WYOMING. KOLLEN PARK, A NEW CONSTRUCTION 52 UNIT PROJECT IN THE CITY OF HOLLAND WAS SUBMITTED TO MSHDA FOR LIHTC AWARDS IN 2024.
DWELLING PLACE OF GRAND RAPIDS PROVIDES SUPPORT SERVICES, INCLUDING CASE MANAGEMENT, TO LOW INCOME AND SINGLE PARENT HOUSEHOLDS.SUPPORT SERVICES PROVIDES RESOURCES TO INDIVIDUALS ONE ON ONE AND HAVE...
DWELLING PLACE OF GRAND RAPIDS PROVIDES SUPPORT SERVICES, INCLUDING CASE MANAGEMENT, TO LOW INCOME AND SINGLE PARENT HOUSEHOLDS.SUPPORT SERVICES PROVIDES RESOURCES TO INDIVIDUALS ONE ON ONE AND HAVE MANY LIFE SKILLS CLASSES AND COURSES THAT RESIDENTS CAN ATTEND. SOME EXAMPLES INCLUDE A STRONG BONE CLASS, NUTRITIONAL AND COOKING CLASSES, DIABETES PREVENTION AND EMPLOYMENT SKILLS CLASSES.
DWELLING PLACE PROVIDES NEIGHBORHOOD REVITALIZATION ALONG SIDE COMMUNITY BUILDING AND ENGAGEMENT EFFORTS TO ENHANCE COMMUNITY, STREETSCAPES, PARKS AND ENCOURAGE LOCAL BUSINESS DEVELOPMENT EFFORTS. TO...
DWELLING PLACE PROVIDES NEIGHBORHOOD REVITALIZATION ALONG SIDE COMMUNITY BUILDING AND ENGAGEMENT EFFORTS TO ENHANCE COMMUNITY, STREETSCAPES, PARKS AND ENCOURAGE LOCAL BUSINESS DEVELOPMENT EFFORTS. TO FURTHER OUR EFFORTS IN COMMUNITY SUPPORT, DWELLING PLACE SUPPORTS RESIDENT LEADERSHIP, LIFE SKILLS, ARTS AND GARDENING INITIATIVES IN COMMUNITIES WE SERVE. IN ADDITION TO OUR ONGOING AND NEW HOUSING AND DEVELOPMENT ACTIVITIES, DWELLING PLACE IS FREQUENTLY CALLED ON TO MAKE PRESENTATIONS AND TO CONSULT WITH OTHER COMMUNITY DEVELOPMENT CORPORATIONS THAT ARE EXPLORING THE DEVELOPMENT OF VARIOUS HOUSING AND NEIGHBORHOOD REVITALIZATION PROGRAMS.
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 | $7,404,062 | $5,899,773 | +0.3% |
| Expenses | $8,592,376 | $6,383,774 | +0.3% |
| Net Income | $-1,188,314 | $-484,001 | +1.5% |
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 |
|---|---|---|---|---|---|---|
| JEREMY DEROO | FORMER CEO | 40.00 |
Officer
|
$240,829 | $0 | $240,829 |
| ALONDA TRAMMELL-MILLER | CHIEF PROGRAMS OFFICER | 40.00 |
Officer
|
$177,424 | $0 | $177,424 |
| FELISHA RODRIGUEZ | FORMER COO | 40.00 |
Officer
|
$201,112 | $0 | $201,112 |
| VINCE LAMBERT | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$170,410 | $0 | $170,410 |
| JACOB HORNER | CHIEF REAL ESTATE OFFICER | 40.00 |
Officer
|
$173,644 | $0 | $173,644 |
| RICH KOGELSCHATZ | CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIM SIMS | VICE CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANGIE SANBORN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEE NELSON WEBER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUAN DANIEL CASTRO | BOARD MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| OXTIS HENDRICKS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLE IRWIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE KENDRICK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLIE KITCHEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GUSTAVO ROTONDARO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD STEVENS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON SMITH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RENEE WILLIAMS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR SHAQUILLE ANTHONY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CANDICE GERMAIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $7,404,062 | $8,592,376 | $57,400,650 | $-1,188,314 |
| 2023 | $5,899,773 | $6,383,774 | $58,122,930 | $-484,001 |
| 2022 | $5,507,706 | $6,600,911 | $53,141,426 | $-1,093,205 |
| 2021 | $7,853,634 | $5,113,880 | $53,298,449 | $2,739,754 |
| 2020 | $8,368,586 | $5,512,138 | $50,299,812 | $2,856,448 |
| 2019 | $8,106,328 | $4,216,438 | $47,856,210 | $3,889,890 |
| 2018 | $8,328,887 | $3,836,247 | $43,183,589 | $4,492,640 |
Compare DWELLING PLACE OF GRAND RAPIDS NONPROFIT with other nonprofits in Michigan and across the country.