RESIDENTIAL ALTERNATIVES INC

EIN: 382601696 501(c)(3) Human Services

HOLLY, MI

Total Revenue
$2,302,476
Total Expenses
$2,117,266
Total Assets
$1,513,215
Net Assets
$1,303,052
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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
1980
Legal Domicile
MI
Principal Officer
RENEE OSTROM
Phone
2483698936
Tax Period
2024-10-01 to 2025-09-30

RESIDENTIAL ALTERNATIVES INC, founded in 1980, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 8% surplus.

Mission

PROVIDING EDUCATION REHABILATIVE TRAINING TO DEVELOPMENTALLY DISABLED ADULTS IN 4 LICENSED ADULT FOSTER CARE HOMES.

Program Service Accomplishments

Program 1
Expenses: $360,777 Revenue: $51,576

HOME CARE FOR THE DEVELOPMENTALLY DISABLED - BEACHAM

Program 2
Expenses: $406,764 Revenue: $51,576

HOME CARE FOR THE DEVELOPMENTALLY DISABLED - BURGESS

Program 3
Expenses: $503,997 Revenue: $79,458

HOME CARE FOR THE DEVELOPMENTALLY DISABLED - APPOMATTOX

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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 $2,033,820
Program Service Revenue $268,638
Investment Income $18
Other Revenue $0
TOTAL REVENUE $2,302,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,551,549
Fundraising Expenses $0
Program Expenses $1,801,675
Other Expenses $565,717
TOTAL EXPENSES $2,117,266

Year-over-Year Comparison

2024 2023 Change
Revenue $2,302,476 $2,130,011 +0.1%
Expenses $2,117,266 $2,095,626 +0.0%
Net Income $185,210 $34,385 +4.4%
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
5
Independent Members
3
Employees
66
Volunteers
3

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
3
$126,753
Total Directors
5
$126,753
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENEE OSTROM EXECUTIVE DIRECTOR 40.00
Officer Director
$117,454 $9,299 $126,753
DEBRA PERCZAK TREASURER 1.00
Officer Director
$0 $0 $0
AMBER MARTIN TRUSTEE 1.00
Director
$0 $0 $0
CARRIE CHAMBERS SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN SCHANG TRUSTEE 1.00
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 $2,302,476 $2,117,266 $1,513,215 $185,210
2024 $2,130,011 $2,095,626 $1,192,355 $34,385
2023 $2,090,753 $1,955,829 $1,141,015 $134,924
2022 $2,112,052 $1,813,213 $1,028,003 $298,839
2021 $1,939,682 $1,696,158 $723,468 $243,524
2020 $1,939,255 $1,696,474 $694,138 $242,781
2019 $1,643,943 $1,626,074 $198,627 $17,869
2018 $1,562,063 $1,570,735 $177,435 $-8,672
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