LAKESHORE HABITAT FOR HUMANITY INC

EIN: 382893355 501(c)(3)

HOLLAND, MI

Total Revenue
$5,351,413
Total Expenses
$4,905,025
Total Assets
$7,986,883
Net Assets
$7,211,261
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MI
Principal Officer
BILL BADRAN
Phone
6163938001
Tax Period
2024-07-01 to 2025-06-30

LAKESHORE HABITAT FOR HUMANITY INC, founded in 1990, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.9M left a modest 8% surplus.

Mission

THE ORGANIZATION PROVIDES LOW INCOME QUALIFIED FAMILIES WITH DECENT, AFFORDABLE HOUSING. THE SUPPORT OF THE LOCAL COMMUNITY IS ENLISTED TO ASSIST FAMILY-PARTNERS IN THE CONSTRUCTION OF NEW AND REHABILITATED HOMES, WHICH ARE THEN SOLD AT COST AND FINANCED BY THE ORGANIZATION AS NON-INTEREST BEARING MORTGAGES. THE ORGANIZATION ALSO HAS A RETAIL OUTLET THAT SELLS NEW AND USED BUILDING MATERIALS AND HOME IMPROVEMENT ITEMS THAT HAVE PRIMARILY BEEN DONATED. THE STORE IS OPEN TO THE GENERAL PUBLIC. PRICES ARE AT LEAST 50% BELOW RETAIL.

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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 $3,499,132
Program Service Revenue $1,817,836
Investment Income $8,752
Other Revenue $25,693
TOTAL REVENUE $5,351,413

Expense Breakdown

Grants Paid $777,814
Salaries & Benefits $1,258,576
Fundraising Expenses $254,162
Program Expenses $3,933,877
Other Expenses $2,868,635
TOTAL EXPENSES $4,905,025

Year-over-Year Comparison

2024 2023 Change
Revenue $5,351,413 $4,877,253 +0.1%
Expenses $4,905,025 $5,535,528 -0.1%
Net Income $446,388 $-658,275 -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

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
10
Independent Members
10
Employees
52
Volunteers
2567

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
$181,269
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE ROZMAN EXECUTIVE DIRECTOR 40.00
Officer
$80,659 $21,226 $101,885
DON WILKINSON FORMER EXECUTIVE DIRECTOR 40.00
Officer
$79,384 $0 $79,384
BILL BADRAN PRESIDENT 1.00
Officer Director
$0 $0 $0
GREG ACCARDO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER DEYOUNG SECRETARY 1.00
Officer Director
$0 $0 $0
BEN VANDERWOUDE TREASURER 1.00
Officer Director
$0 $0 $0
RACHAEL HUTCHINSON DIRECTOR 1.00
Director
$0 $0 $0
CHARLES BEASLEY DIRECTOR 1.00
Director
$0 $0 $0
STEVE DYKSTRA DIRECTOR 1.00
Director
$0 $0 $0
KYLE GEENEN DIRECTOR 1.00
Director
$0 $0 $0
MATT FOX DIRECTOR 1.00
Director
$0 $0 $0
JOHN TENPAS DIRECTOR 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 $5,351,413 $4,905,025 $7,986,883 $446,388
2024 No data No data No data No data
2023 $3,333,021 $2,358,804 $8,458,257 $974,217
2022 $3,899,880 $2,610,289 $7,232,557 $1,289,591
2021 $2,610,781 $1,750,399 $4,779,738 $860,382
2020 $1,859,267 $1,892,829 $4,644,494 $-33,562
2019 $2,022,125 $2,077,051 $4,635,944 $-54,926
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