DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GRAND RAVINE SENIOR HOUSING INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $397K in total revenue in fiscal year 2024. The organization ran a surplus of $67K, a strong 17% operating margin.
THE ORGANIZATION OPERATES A 32-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.
PROVIDED ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY...
PROVIDED ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS THROUGH LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES ARE BASED ON A BREAKEVEN BASIS. THE PROJECT IS A 32-UNIT APARTMENT COMPLEX.
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 | $397,216 | $373,092 | +0.1% |
| Expenses | $330,161 | $339,312 | 0.0% |
| Net Income | $67,055 | $33,780 | +1.0% |
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 |
|---|---|---|---|---|---|---|
| MIKE MORTON | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| STEVE TIBBITTS | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| DONNA J MOELLER | SECRETARY | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| CRAIG VAN MELLE | TREASURER | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| RON GROEN | VICE PRESIDENT | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| RODNEY HILL | PRESIDENT | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| BRIDGETTE ZAPPACOSTA | DIRECTOR OF FINANCE | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $397,216 | $330,161 | $372,941 | $67,055 |
| 2024 | $373,092 | $339,312 | $340,458 | $33,780 |
| 2023 | $362,999 | $363,213 | $335,182 | $-214 |
| 2022 | $349,870 | $352,078 | $368,470 | $-2,208 |
| 2021 | $332,148 | $323,757 | $410,786 | $8,391 |
| 2020 | $330,253 | $323,245 | $432,320 | $7,008 |
| 2019 | $319,828 | $333,595 | $463,392 | $-13,767 |
| 2018 | $314,817 | $336,200 | $496,799 | $-21,383 |
Compare GRAND RAVINE SENIOR HOUSING INC with other nonprofits in Michigan and across the country.