NORTHWEST MICHIGAN SUPPORTIVE HOUSING

EIN: 382807457 501(c)(3) Human Services

TRAVERSE CITY, MI

Total Revenue
$1,394,699
Total Expenses
$1,194,310
Total Assets
$1,558,179
Net Assets
$1,430,800
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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
1987
Legal Domicile
MI
Principal Officer
SARAH HUGHES
Phone
2319291309
Tax Period
2025-01-01 to 2025-12-31

NORTHWEST MICHIGAN SUPPORTIVE HOUSING, founded in 1987, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 14% surplus.

Mission

TO PROVIDE HOUSING AND CASE MANAGEMENT SERVICES FOR THE HOMELESS AND MENTALLY ILL WITHIN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,003,235 Revenue: $831,982

PROVIDED AFFORDABLE SUPPORTIVE RENTAL HOUSING FOR 128 INDIVIDUALS, INCLUDING 75 MENTALLY ILL HEADS-OF-HOUSEHOLD AND THEIR IMMEDIATE FAMILIES WITHIN THE COMMUNITY USING STATE AND FEDERAL FUNDS FOR...

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PROVIDED AFFORDABLE SUPPORTIVE RENTAL HOUSING FOR 128 INDIVIDUALS, INCLUDING 75 MENTALLY ILL HEADS-OF-HOUSEHOLD AND THEIR IMMEDIATE FAMILIES WITHIN THE COMMUNITY USING STATE AND FEDERAL FUNDS FOR RENTAL SUBSIDIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $571,830
Program Service Revenue $333,328
Investment Income $163
Other Revenue $489,378
TOTAL REVENUE $1,394,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $372,610
Fundraising Expenses $0
Program Expenses $1,003,235
Other Expenses $821,700
TOTAL EXPENSES $1,194,310

Year-over-Year Comparison

2025 2024 Change
Revenue $1,394,699 $1,157,902 +0.2%
Expenses $1,194,310 $1,020,744 +0.2%
Net Income $200,389 $137,158 +0.5%
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
8
Independent Members
8
Employees
11
Volunteers
13

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
$78,845
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN KNORR SECRETARY 2.00
Officer Director
$0 $0 $0
BECKY OSBORNE DIRECTOR 1.00
Director
$0 $0 $0
BENSON MUNGER TREASURER 3.00
Officer Director
$0 $0 $0
MOLLY KURAS PRESIDENT 4.00
Officer Director
$0 $0 $0
ADAM BOELKINS VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
JONATHAN BAUDE DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY PALUMBO DIRECTOR 1.00
Director
$0 $0 $0
RYAN HANNON DIRECTOR 1.00
Director
$0 $0 $0
REBECCA BINDER EXECUTIVE DIRECTOR 40.00
Officer
$76,500 $2,345 $78,845
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 $1,394,699 $1,194,310 $1,558,179 $200,389
2024 $1,157,902 $1,020,744 $1,277,253 $137,158
2023 $935,440 $948,506 $1,164,084 $-13,066
2022 $905,561 $892,511 $1,205,953 $13,050
2021 $817,892 $821,992 $1,197,832 $-4,100
2020 $846,617 $828,811 $1,211,589 $17,806
2019 $716,559 $691,972 $1,212,895 $24,587
2018 $702,316 $724,656 $1,209,764 $-22,340
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