JERICHO HOUSE INC C/O KMG PRESTIGE

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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

1989

Legal Domicile

Principal Officer

CHARLES NEBEL

Phone

2317285303

Tax Period

2024-01-01 to 2024-12-31

JERICHO HOUSE INC C/O KMG PRESTIGE, founded in 1989, is a small nonprofit that reported $120K in total revenue in fiscal year 2024. Expenses of $170K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN MUNISING, MICHIGAN, AND TO CONSTRUCT AND OPERATE THEREON AN APARTMENT BUILDING OF 15 UNITS.

Program Service Accomplishments

Program 1

Expenses: $130,648 Revenue: $117,207

PROVISION OF DECENT, SAFE AND SANITARY HOUSING TO LOW INCOME SENIOR CITIZENS LIVING ON FIXED INCOME WHO HAVE LIMITED ASSETS AND NEED HOUSING.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $117,207

Investment Income $2,621

Other Revenue $0

TOTAL REVENUE $119,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,482

Fundraising Expenses $0

Program Expenses $130,648

Other Expenses $136,978

TOTAL EXPENSES $170,460

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,828	$111,261	+0.1%
Expenses	$170,460	$147,682	+0.2%
Net Income	$-50,632	$-36,421	+0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESLEY MATTSON	BOARD MEMBER	0.20	Director	$0	$0	$0
DONALD KINNUNEN	BOARD MEMBER	0.20	Director	$0	$0	$0
CONNIE DEFRANCESCO	BOARD MEMBER	0.20	Director	$0	$0	$0
JOE PAQUETTE JR	SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
CHARLES C NEBEL	PRESIDENT	0.20	Officer 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	No data	No data	No data	No data
2024	$119,828	$170,460	$513,279	$-50,632
2023	$111,261	$147,682	$549,723	$-36,421
2022	$105,497	$141,218	$586,526	$-35,721
2021	$113,496	$138,851	$629,422	$-25,355
2020	$94,017	$127,613	$652,640	$-33,596
2019	$98,354	$133,424	$680,617	$-35,070
2018	$100,718	$145,938	$719,950	$-45,220