FARMINGTON-FREEDOM NON-PROFIT HOUSING CORPORATION

EIN: 382366390

FARMINGTON HILLS, MI

Total Revenue
$535,179
Total Expenses
$548,373
Total Assets
$1,377,234
Net Assets
$1,330,908
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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
1968
Legal Domicile
MI
Principal Officer
LISA MURRELL
Phone
2484780870
Tax Period
2024-10-01 to 2025-09-30

FARMINGTON-FREEDOM NON-PROFIT HOUSING CORPORATION, founded in 1968, is a small nonprofit that reported $535K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.3M represent 30 months of operating reserves.

Mission

PROVIDING FOSTER CARE FOR MENTALLY CHALLENGED ADULTS

Program Service Accomplishments

Program 1

ASPECTS OF GOOD QUALITY LIFE ARE PROVIDED FOR 11 MENTALLY CHALLENGED ADULTS INCLUDING RESIDENTIAL CARE, SUPERVISION, TRANSPORTATION, TRAINING, SOCIAL SERVICES, AND MEDICAL CARE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $523,165
Investment Income $12,014
Other Revenue $0
TOTAL REVENUE $535,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $375,039
Fundraising Expenses $0
Other Expenses $173,334
TOTAL EXPENSES $548,373

Year-over-Year Comparison

2024 2023 Change
Revenue $535,179 $491,670 +0.1%
Expenses $548,373 $528,445 +0.0%
Net Income $-13,194 $-36,775 -0.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
13

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
2
$162,482
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS LOUGHLIN CHAIRMAN/TREASURER 1.00
Officer Director
$0 $0 $0
JAMES GUILLAUMIN DIRECTOR 1.00
Director
$0 $0 $0
NANCY TOCHMAN DIRECTOR 1.00
Director
$0 $0 $0
LISA VARGO DIRECTOR 1.00
Director
$0 $0 $0
KEVIN BRUSINSKI DIRECTOR 1.00
Director
$0 $0 $0
ALICIA LEBEAU DIRECTOR 1.00
Director
$0 $0 $0
LISA MURRELL EXEC DIREC/PRESIDENT 10.00
Officer
$0 $0 $162,482
CHRISTOPHER MOODY HIGHEST COMPENSATED EMPLOYEE 10.00
Highest
$0 $0 $106,374
SHRISE PEAGLER HIGHEST COMPENSATED EMPLOYEE 10.00
Highest
$0 $0 $102,905
SANDRA JOHNSON HIGHEST COMPENSATED EMPLOYEE 10.00
Highest
$0 $0 $131,384
ARNAJAH JOHNSON HIGHEST COMPENSATED EMPLOYEE 10.00
Highest
$0 $0 $107,560
NATALIE DEMERS HIGHEST COMPENSATED EMPLOYEE 10.00
Highest
$0 $0 $107,385
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 $535,179 $548,373 $1,377,234 $-13,194
2024 $491,670 $528,445 $1,392,547 $-36,775
2023 $575,395 $538,483 $1,466,011 $36,912
2022 $590,820 $480,327 $1,363,638 $110,493
2021 $631,727 $421,698 $1,241,181 $210,029
2020 $703,626 $428,577 $1,031,176 $275,049
2019 $515,463 $413,255 $779,999 $102,208
2018 $419,477 $427,979 $709,077 $-8,502
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