BLOOMFIELD HILLS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROGRESSIVE RESIDENTIAL SERVICES INC, founded in 1982, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.
TO PROVIDE PERSONS WITH INTELLECTUAL DISABILITIES, MENTAL ILLNESS AND OTHER DISABLING CONDITIONS WITH OPPORTUNITIES TO ACHIEVE GOALS AND TO MORE FULLY PARTICIPATE IN THEIR COMMUNITY. PRS ENCOURAGES SOCIALIZATION AND RELATIONSHIP BUILDING AS WELL AS EMPLOYMENT TRAINING AND PLACEMENT, RECREATIONAL AND THERAPEUTIC SERVICES TO ENABLE A PERSON TO LIVE AND GROW AT THEIR OPTIMUM POTENTIAL WITH ALL RIGHTS AFFORDED TO THEM AS CITIZENS.
PROGRESSIVE RESIDENTIAL SERVICES, INC. PROVIDES SERVICES TO ADULTS IN RESIDENTIAL HOMES AND APARTMENTS IN LOWER MICHIGAN. SERVICES RANGE FROM BASIC SUPERVISION AND TRANSPORTATION TO SKILLED NURSING...
PROGRESSIVE RESIDENTIAL SERVICES, INC. PROVIDES SERVICES TO ADULTS IN RESIDENTIAL HOMES AND APARTMENTS IN LOWER MICHIGAN. SERVICES RANGE FROM BASIC SUPERVISION AND TRANSPORTATION TO SKILLED NURSING CARE. THE POPULATION INCLUDES THOSE WITH DEVELOPMENTAL DISABILITIES, MENTAL ILLNESS AND SENIORS WITH ALZHEIMER'S ETC. PROGRESSIVE RESIDENTIAL SERVICES, INC. IS CARF ACCREDITED.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,997,456 | $6,259,101 | +0.3% |
| Expenses | $8,024,430 | $7,297,032 | +0.1% |
| Net Income | $-26,974 | $-1,037,931 | -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 |
|---|---|---|---|---|---|---|
| EVERETT DEHUT | CEO | 5 |
Officer
|
$0 | $3,119 | $380,238 |
| TED DEVANTIER | SECRETARY | 0 |
Officer
Director
|
$0 | $1,275 | $1,275 |
| Luke Christoff | Board Member | 0 |
Director
|
$0 | $150 | $150 |
| JACKIE RAXTER | DIRECTOR | 0 |
Director
|
$0 | $75 | $75 |
| Paul Conklin | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $7,997,456 | $8,024,430 | $1,800,338 | $-26,974 |
| 2023 | $6,259,101 | $7,297,032 | $1,776,609 | $-1,037,931 |
| 2022 | $6,160,370 | $6,552,456 | $1,923,546 | $-392,086 |
| 2021 | $5,747,726 | $5,752,305 | $2,101,881 | $-4,579 |
| 2020 | $6,325,797 | $5,640,619 | $2,753,592 | $685,178 |
| 2019 | $5,671,556 | $5,895,193 | $1,820,064 | $-223,637 |
| 2018 | $6,100,714 | $6,307,250 | $1,689,164 | $-206,536 |
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