INNOVATIVE HOUSING DEV CORPORATION

EIN: 382317342 501(c)(3) Human Services

FORT GRATIOT, MI

Total Revenue
$13,895,155
Total Expenses
$13,214,268
Total Assets
$10,936,328
Net Assets
$9,788,622
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MI
Principal Officer
RENAE KIEHLER
Phone
8103854463
Tax Period
2024-10-01 to 2025-09-30

INNOVATIVE HOUSING DEV CORPORATION, founded in 1980, is a mid-sized nonprofit in the Human Services sector that reported $13.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $13.2M left a modest 5% surplus.

Mission

TO PROVIDE A VARIETY OF QUALITY SERVICES AND SUPPORTS TO INDIVIDUALS WITH SPECIAL NEEDS. IN ADDITION, TO PROVIDE AFFORDABLE HOUSING TO A VARIETY OF INDIVIDUALS INCLUDING HANDICAPPED, ELDERLY, AND LIMITED INCOME PERSONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,460
Program Service Revenue $13,206,465
Investment Income $271,138
Other Revenue $292,092
TOTAL REVENUE $13,895,155

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,078,875
Fundraising Expenses $0
Program Expenses $11,926,027
Other Expenses $2,135,393
TOTAL EXPENSES $13,214,268

Year-over-Year Comparison

2024 2023 Change
Revenue $13,895,155 $12,634,292 +0.1%
Expenses $13,214,268 $11,811,893 +0.1%
Net Income $680,887 $822,399 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
5
Employees
256
Volunteers
N/A

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
3
$145,249
Total Directors
4
$13,623
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD SCHULTZ BOARD MEMBER 3.00
Director
$0 $13,623 $13,623
KENNETH MONTGOMERY BOARD MEMBER 2.50
Director
$0 $0 $0
RICHARD WARD BOARD MEMBER 2.50
Director
$0 $0 $0
ROBERT BUECHLER BOARD MEMBER 2.50
Director
$0 $0 $0
HARRY OLDENBURG TREASURER 2.50
Officer
$0 $0 $0
JUDY WORTHINGTON PRESIDENT 2.50
Officer
$0 $0 $0
RENAE KIEHLER EXECUTIVE DIRECTOR 41.00
Officer
$145,249 $0 $145,249
HEATHER HOUSE FISCAL SERVICES DIRECTOR 30.00
Highest
$133,816 $7,955 $141,771
MELINDA CAMPBELL OPERATIONS DIRECTOR 40.00
Highest
$115,527 $509 $116,036
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
2025 $13,895,155 $13,214,268 $10,936,328 $680,887
2024 $12,634,292 $11,811,893 $9,592,081 $822,399
2023 $11,882,775 $11,139,484 $7,463,818 $743,291
2022 $10,712,191 $9,879,802 $7,028,193 $832,389
2021 $9,357,323 $8,679,820 $7,663,141 $677,503
2020 $7,882,983 $7,557,614 $6,367,618 $325,369
2019 $6,788,863 $6,481,774 $5,763,206 $307,089
2018 $6,669,061 $6,324,886 $5,588,697 $344,175
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INNOVATIVE HOUSING DEV CORPORATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.