BGC-II NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY (EIN 383080448) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

RICHARD KERBAWY

Phone

5178536655

Tax Period

2024-01-01 to 2024-12-31

BGC-II NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 11% surplus.

Mission

TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME IN MICHIGAN.

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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 $2,662,034

Investment Income $43,962

Other Revenue $0

TOTAL REVENUE $2,705,996

Expense Breakdown

Grants Paid $91,667

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,646,049

Other Expenses $2,308,917

TOTAL EXPENSES $2,400,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,705,996	$2,551,393	+0.1%
Expenses	$2,400,584	$2,334,746	+0.0%
Net Income	$305,412	$216,647	+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
KURT HANUS	BOARD MEMBER	0.50	Director	$0	$0	$0
DR JOHN A SAUCHAK	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURIE SCHWARTZ	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD KERBAWY	PRESIDENT	1.00	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
2024	$2,705,996	$2,400,584	$16,672,613	$305,412
2023	$2,551,393	$2,334,746	$16,538,029	$216,647
2022	$2,468,286	$2,199,082	$16,613,324	$269,204
2021	$2,042,887	$2,348,147	$16,528,161	$-305,260
2020	$4,198,404	$1,770,515	$17,024,805	$2,427,889
2019	$3,369,966	$1,702,374	$14,515,457	$1,667,592
2018	$7,086,247	$4,060,636	$13,170,768	$3,025,611

BGC-II NONPROFIT HOUSING CORPORATION C/O ALTMAN MANAGEMENT COMPANY