KALAMAZOO NON-PROFIT APARTMENTS INC CORPORATION

EIN: 382460526 501(c)(3) Housing & Shelter

WARREN, MI

Total Revenue
$2,576,451
Total Expenses
$2,241,323
Total Assets
$4,404,073
Net Assets
$-4,130,348
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Organization Details

Formation Year
1982
Legal Domicile
MI
Principal Officer
CINDY LAMB
Phone
5867539002
Tax Period
2024-07-01 to 2025-06-30

KALAMAZOO NON-PROFIT APARTMENTS INC CORPORATION, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.2M left a modest 13% surplus.

Mission

TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $1,726,648 Revenue: $804,063

CSI KALAMAZOO NON-PROFIT HOUSING CORPORATION (THE CORPORATION) IS A MICHIGAN NON-PROFIT HOUSING CORPORATION ORGANIZED ON A NON-STOCK BASIS BY COOPERATIVE SERVICES, INC., A MICHIGAN NON-PROFIT...

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CSI KALAMAZOO NON-PROFIT HOUSING CORPORATION (THE CORPORATION) IS A MICHIGAN NON-PROFIT HOUSING CORPORATION ORGANIZED ON A NON-STOCK BASIS BY COOPERATIVE SERVICES, INC., A MICHIGAN NON-PROFIT COOPERATIVE. THE CORPORATION WAS FORMED IN MAY 1983 TO OPERATE A 216 UNIT APARTMENT COMPLEX LOCATED IN KALAMAZOO, MICHIGAN (THE PROPERTY). THE PROPERTY'S NAME WAS CHANGED TO CITY VIEW IN THE SQUARE ON JUNE 1, 2018. THE CORPORATION OPERATES PURSUANT TO SECTION 223(F) OF THE NATIONAL AFFORDABLE HOUSING, ACT.

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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 $1,748,527
Program Service Revenue $804,063
Investment Income $375
Other Revenue $23,486
TOTAL REVENUE $2,576,451

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,726,648
Other Expenses $2,241,323
TOTAL EXPENSES $2,241,323

Year-over-Year Comparison

2024 2023 Change
Revenue $2,576,451 $2,510,554 +0.0%
Expenses $2,241,323 $2,553,292 -0.1%
Net Income $335,128 $-42,738 -8.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
34

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
8
$613,148
Total Directors
16
$613,148
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERYLE MOREY PRESIDENT 0.10
Officer Director
$0 $0 $0
MARY DALESSANDRO VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JERI DRAUGHON SECRETARY 0.10
Officer Director
$0 $0 $0
SHIRLEY MORELAND TREASURER 0.10
Officer Director
$0 $0 $0
CINDY LAMB ASSISTANT TREASURER 0.10
Officer Director
$0 $38,191 $245,105
ANNE SACKRISON ASSISTANT SECRETARY 0.10
Officer Director
$0 $69,471 $368,043
GERALD MAHOM JR DIRECTOR 0.10
Director
$0 $0 $0
DEANIE ROBINSON DIRECTOR 0.10
Director
$0 $0 $0
GLORIA HARRIS DIRECTOR 0.10
Director
$0 $0 $0
CATHERINE POWELL DIRECTOR 0.10
Director
$0 $0 $0
ETHEL YOUNG DIRECTOR 0.10
Director
$0 $0 $0
GINA CARTER DIRECTOR 0.10
Director
$0 $0 $0
DARLA HUTTINGER REGIONAL MANAGER 0.10
Highest
$0 $43,767 $220,392
MARGUERITE D ANGELO REGIONAL MANAGER 0.10
Highest
$0 $28,825 $213,583
DIANE SMITH NATIONAL DEVELOPMENT MANAGER 0.10
Highest
$0 $55,737 $259,515
MEL HUDSON NATIONAL CONSTRUCTION MANAGER 0.10
Highest
$0 $66,377 $269,361
TIM BRAUNSCHEIDAL CHIEF OPERATIONS OFFICER 0.10
Highest
$0 $54,786 $242,844
ANNIE MITCHELL FORMER PRESIDENT 0.10
Officer Director
$0 $0 $0
GLORIA PARRIS FORMER VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JUDY ROBERTS FORMER DIRECTOR 0.10
Director
$0 $0 $0
MARIETTA MARTIN FORMER DIRECTOR 0.10
Director
$0 $0 $0
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 $2,576,451 $2,241,323 $4,404,073 $335,128
2024 $2,510,554 $2,553,292 $4,194,765 $-42,738
2023 $2,419,083 $2,444,006 $4,542,204 $-24,923
2022 $2,260,301 $2,166,642 $4,785,430 $93,659
2021 $2,260,959 $2,127,851 $4,912,052 $133,108
2020 $2,293,477 $2,074,811 $4,984,182 $218,666
2019 $2,237,778 $2,184,083 $4,988,534 $53,695
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