NASCO PROPERTIES INC

EIN: 382801692

ANN ARBOR, MI

Total Revenue
$2,454,040
Total Expenses
$1,613,927
Total Assets
$7,649,755
Net Assets
$3,557,583
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MI
Principal Officer
MARGARET O'CONNOR
Phone
7734042667
Tax Period
2024-05-01 to 2025-04-30

NASCO PROPERTIES INC, founded in 1988, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. The organization ran a surplus of $840K, a strong 34% operating margin.

Mission

PROMOTE THE SOCIAL AND GENERAL WELFARE OF THE COMMUNITY BY DEVELOPING LOW-RENT HOUSING FOR UNIVERSITY STUDENTS, REGARDLESS OF RACE, CREED, COLOR, SEXUAL ORIENTATION OR NATIONAL ORIGIN AND THUS INFLUENCE THE COMMUNITY TO ELIMINATE PREJUDICE AND DISCRIMINATION IN HOUSING; ADVANCE THE CAUSE OF EDUCATION BY DEVELOPING LOW COST HOUSING FOR UNIVERSITY STUDENTS WITH LIMITED RESOURCES, SO THAT THOSE WHO MIGHT NOT OTHERWISE BE ABLE TO CONTINUE AT THE UNIVERSITY BECAUSE OF ECONOMIC NEED MIGHT ENJOY THE FRUITS AND BENEFITS OF HIGHER EDUCATION; RELIEVE GOVERNMENTS OF VARIOUS STATES FROM THE BURDEN OF BUILDING AND OPERATING STATE OWNED DORMITORIES BY CREATING HOUSING FACILITIES FOR STUDENTS AT LOW COST ON A COOPERATIVE BASIS; AND TO CONTINUALLY EXPAND THOSE FACILITIES IN THE COMMUNITY INTEREST; INITIATE, COORDINATE, DIRECT, AND OTHERWISE PARTICIPATE IN EDUCATIONAL EFFORTS AND PROGRAMS FOR THE EDUCATION OF ITS MEMBERS AND THE GENERAL PUBLIC IN THE PHILOSOPHY, PRINCIPLES AND PRACTICES OF ALL COOPS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,467,093
Investment Income $968,075
Other Revenue $18,872
TOTAL REVENUE $2,454,040

Expense Breakdown

Grants Paid $2,573
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,611,354
TOTAL EXPENSES $1,613,927

Year-over-Year Comparison

2024 2023 Change
Revenue $2,454,040 $2,442,486 +0.0%
Expenses $1,613,927 $2,586,211 -0.4%
Net Income $840,113 $-143,725 -6.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
18

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
5
$83,006
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEVEN ROCKHOLD PRESIDENT 2.00
Officer Director
$0 $0 $0
SHINING LI VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
JASON TOMPKINS TREASURER 2.00
Officer Director
$0 $0 $0
SOOP KISH DIRECTOR 1.00
Director
$0 $0 $0
NOLAN DARILEK DIRECTOR (THRU MAY) 1.00
Director
$0 $0 $0
TRISTAN LAING DIRECTOR (THRU JANUARY) 1.00
Director
$0 $0 $0
GRACIE HOPKINS DIRECTOR (THRU MAY) 1.00
Director
$0 $0 $0
RYAN ZMUDA DIRECTOR 1.00
Director
$0 $0 $0
KATHRYN SOLORZANO LOWELL DIRECTOR 1.00
Director
$0 $0 $0
THOMAS FABER DIRECTOR 1.00
Director
$0 $0 $0
HAITAO WANG DIRECTOR (THRU MAY) 1.00
Director
$0 $0 $0
PETER MEYER REIMER DIRECTOR 1.00
Director
$0 $0 $0
EILEEN CHAVEZ DIRECTOR 1.00
Director
$0 $0 $0
MARISSA DEJESUS DIRECTOR 1.00
Director
$0 $0 $0
MATTHIAS JUNG DIRECTOR 1.00
Director
$0 $0 $0
GRANT MUELLER DIRECTOR 1.00
Director
$0 $0 $0
CYN GOMEZ DIRECTOR 1.00
Director
$0 $0 $0
STORMIE KING DIRECTOR (THRU OCTOBER) 1.00
Director
$0 $0 $0
ROGER DANIEL MILLER SEC AND GENERAL MNGR (THRU MAY) 35.00
Officer
$0 $1,535 $17,791
MARGARET O'CONNOR SEC AND GENERAL MNGR (BEG JUNE) 35.00
Officer
$0 $6,639 $65,215
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 $2,454,040 $1,613,927 $7,649,755 $840,113
2024 $2,442,486 $2,586,211 $8,052,984 $-143,725
2023 $1,123,682 $1,280,747 $6,789,313 $-157,065
2022 $1,151,857 $1,061,025 $6,977,770 $90,832
2021 $2,037,235 $1,102,389 $6,982,398 $934,846
2020 $1,036,316 $1,507,858 $6,034,320 $-471,542
2019 $978,309 $992,707 $6,569,963 $-14,398
2018 $1,022,625 $915,493 $6,694,537 $107,132
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NASCO PROPERTIES INC with other nonprofits in Michigan and across the country.