DETROIT, MI
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)SENIOR HOUSING ASSOCIATION OF WHITE LAKE INC, founded in 1980, is a small nonprofit that reported $471K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $100K, a strong 21% operating margin.
TO PROVIDE 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, AND HAPPINESS THROUGH LONGER LIVING.
THE ORGANIZATION OPERATES A 40-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR...
THE ORGANIZATION OPERATES A 40-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES 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, AND HAPPINESS THROUGH LONGER LIVING. CHARGES FOR SUCH FACILITIES AND SERVICES ARE BASED ON A BREAKEVEN BASIS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $470,974 | $408,211 | +0.2% |
| Expenses | $371,230 | $445,554 | -0.2% |
| Net Income | $99,744 | $-37,343 | -3.7% |
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| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GUS PARLING | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| DR JOSEF STACHOWICZ | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| LINDA SQUIRES | SECRETARY | 0.40 |
Officer
Director
|
$0 | $0 | $0 |
| JANICE DOWLING | TREASURER | 0.30 |
Officer
Director
|
$900 | $0 | $900 |
| ROBERT ACKERMAN | PRESIDENT | 0.60 |
Officer
Director
|
$0 | $0 | $0 |
| BRIDGETTE ZAPPACOSTA | DIRECTOR OF FINANCE | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $470,974 | $371,230 | $369,781 | $99,744 |
| 2023 | $408,211 | $445,554 | $319,911 | $-37,343 |
| 2022 | $438,131 | $410,597 | $397,128 | $27,534 |
| 2021 | $428,639 | $349,956 | $429,477 | $78,683 |
| 2020 | $442,032 | $345,837 | $345,891 | $96,195 |
| 2019 | $417,725 | $342,404 | $305,644 | $75,321 |
| 2018 | $408,846 | $361,056 | $346,181 | $47,790 |
Compare SENIOR HOUSING ASSOCIATION OF WHITE LAKE INC with other nonprofits in Michigan and across the country.