DWELLING PLACE OF GRAND RAPIDS NONPROFIT (EIN 382313832) - 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

1980

Legal Domicile

Principal Officer

VINCE LAMBERT

Phone

6144540928

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

THE MISSION OF DWELLING PLACE IS TO IMPROVE THE LIVES OF PEOPLE BY CREATING QUALITY AFFORDABLE HOUSING PROVIDING ESSENTIAL SUPPORT SERVICES AND SERVING AS A CATALYST FOR NEIGHBORHOOD REVITALIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,549,906

Program Service Revenue $2,968,015

Investment Income $1,886,141

Other Revenue $0

TOTAL REVENUE $7,404,062

Expense Breakdown

Grants Paid $1,342,850

Salaries & Benefits $4,783,688

Fundraising Expenses $75,899

Program Expenses $4,948,575

Other Expenses $2,465,838

TOTAL EXPENSES $8,592,376

Year-over-Year Comparison

	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%

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

115

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

$963,419

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

DWELLING PLACE OF GRAND RAPIDS NONPROFIT