ROMULUS NON-PROFIT HOUSING CORPORATION

EIN: 382846460 501(c)(3) Housing & Shelter

WARREN, MI

Total Revenue
$806,688
Total Expenses
$789,693
Total Assets
$1,680,825
Net Assets
$-1,381,622
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MI
Principal Officer
CINDY LAMB
Phone
5867539002
Tax Period
2023-07-01 to 2024-06-30

ROMULUS NON-PROFIT HOUSING CORPORATION, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $807K in total revenue in fiscal year 2023.

Mission

TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $614,074 Revenue: $251,927

ROMULUS NON-PROFIT HOUSING 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...

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ROMULUS NON-PROFIT HOUSING 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 DECEMBER 1988 TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN ROMULUS, MICHIGAN AND TO OPERATE THEREON AN APARTMENT PROJECT OF 65 UNITS. HOUSING IS PROVIDED TO LOW INCOME SENIORS IN COOPERATION WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $551,886
Program Service Revenue $251,927
Investment Income $461
Other Revenue $2,414
TOTAL REVENUE $806,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $614,074
Other Expenses $789,693
TOTAL EXPENSES $789,693

Year-over-Year Comparison

2023 2022 Change
Revenue $806,688 $794,756 +0.0%
Expenses $789,693 $820,839 0.0%
Net Income $16,995 $-26,083 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
6

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
6
$588,933
Total Directors
12
$588,933
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNIE MITCHELL PRESIDENT 0.10
Officer Director
$0 $0 $0
GLORIA PARRIS VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JERI DRAUGHON SECRETARY 0.10
Officer Director
$0 $0 $0
SHERYLE MOREY TREASURER 0.10
Officer Director
$0 $0 $0
ANNE SACKRISON ASSISTANT SECRETARY 0.10
Officer Director
$0 $65,434 $352,300
CINDY LAMB ASSISTANT TREASURER 0.10
Officer Director
$0 $37,025 $236,633
GERALD MAHOM JR DIRECTOR 0.10
Director
$0 $0 $0
MARIETTA MARTIN DIRECTOR 0.10
Director
$0 $0 $0
DEANIE ROBINSON DIRECTOR 0.10
Director
$0 $0 $0
MARY DALESSANDRO 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
DARLA HUTTINGER REGIONAL MANAGER 0.10
Highest
$0 $39,866 $209,676
MARGUERITE D ANGELO REGIONAL MANAGER 0.10
Highest
$0 $27,532 $206,193
DIANE SMITH NATIONAL DEVELOPMENT MANAGER 0.10
Highest
$0 $52,900 $247,688
MEL HUDSON NATIONAL CONSTRUCTION MANAGER 0.10
Highest
$0 $63,515 $258,188
TIM BRAUNSCHEIDAL CHIEF OPERATIONS OFFICER 0.10
Highest
$0 $50,953 $229,476
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 No data No data No data No data
2024 $806,688 $789,693 $1,680,825 $16,995
2023 $794,756 $820,839 $2,101,030 $-26,083
2022 $787,597 $795,281 $1,723,290 $-7,684
2021 $773,023 $784,602 $1,737,251 $-11,579
2020 $756,304 $744,639 $1,758,065 $11,665
2019 $733,210 $678,173 $1,793,859 $55,037
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