LIVONIA, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ORION AREA NOT-FOR-PROFIT HOUSING CORP, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $719K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $655K left a modest 9% surplus.
LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS
ORION AREA NOT-FOR-PROFIT HOUSING CORPORATION OWNS, OPERATES AND MANAGES A 57-UNIT MULTI-FAMILY APARTMENT COMPLEX (THE "PROJECT") FOR ELDERLY AND HANDICAPPED INDIVIDUALS LOCATED IN LAKE ORION...
ORION AREA NOT-FOR-PROFIT HOUSING CORPORATION OWNS, OPERATES AND MANAGES A 57-UNIT MULTI-FAMILY APARTMENT COMPLEX (THE "PROJECT") FOR ELDERLY AND HANDICAPPED INDIVIDUALS LOCATED IN LAKE ORION, MICHIGAN UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT RECEIVES RENT SUPPLEMENTS FROM THE FEDERAL GOVERNMENT UNDER THE SECTION 8 PROGRAM AND IS SUBJECT TO A MORTGAGE FROM HUD. THE PROJECT'S MAJOR PROGRAMS ARE ITS SECTION 202 DIRECT LOAN AND THE ASSISTANCE RECEIVED FROM THE SECTION 8 PROGRAM.
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 | $719,048 | $612,072 | +0.2% |
| Expenses | $655,194 | $635,242 | +0.0% |
| Net Income | $63,854 | $-23,170 | -3.8% |
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 |
|---|---|---|---|---|---|---|
| THE VERY REV LARRY WIK | TRUSTEE; CHAIR; TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHLEEN SCHWARTZ | TRUSTEE; VICE CHAIR; SECRE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATTY KERIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARRY MICHELS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA STEPHEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PATTI REITZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $719,048 | $655,194 | $967,845 | $63,854 |
| 2024 | $612,072 | $635,242 | $906,978 | $-23,170 |
| 2023 | $611,745 | $596,603 | $965,405 | $15,142 |
| 2022 | $595,203 | $604,404 | $1,106,203 | $-9,201 |
| 2021 | $603,554 | $579,423 | $1,139,026 | $24,131 |
| 2020 | $585,850 | $548,944 | $1,086,092 | $36,906 |
| 2019 | $576,483 | $598,990 | $1,102,313 | $-22,507 |
| 2018 | $572,962 | $577,502 | $1,168,670 | $-4,540 |
Compare ORION AREA NOT-FOR-PROFIT HOUSING CORP with other nonprofits in Michigan and across the country.