EDGEWOOD VILLAGE NONPROFIT HOUSING CORPORATION (EIN 383117670) - 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

1993

Legal Domicile

Principal Officer

TOM SCHABERG

Phone

5173725980

Tax Period

2023-01-01 to 2023-12-31

EDGEWOOD VILLAGE NONPROFIT HOUSING CORPORATION, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $170K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $386K exceeded revenue, resulting in a 127% operating deficit.

Mission

TO PROVIDE PROGRAMMING FOR EDUCATION, ASSISTANCE, COMMUNITY BUILDING, AND HEALTH AND WELLNESS TO LOW INCOME FAMILIES AND SENIOR CITIZENS IN THE GREATER LANSING MICHIGAN AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,233

Program Service Revenue $8,720

Investment Income $145,028

Other Revenue $0

TOTAL REVENUE $169,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,445

Fundraising Expenses $0

Program Expenses $308,566

Other Expenses $116,263

TOTAL EXPENSES $385,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,981	$128,266	+0.3%
Expenses	$385,708	$341,449	+0.1%
Net Income	$-215,727	$-213,183	+0.0%

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

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
MICHAEL KAPLOWITCZ	COMMUNITY REP	1.00	Director	$0	$0	$0
MARK GRUA	COMMUNITY REP	1.00	Director	$0	$0	$0
JOHN MELCHER	COMMUNITY REP	1.00	Director	$0	$0	$0
DARLA JACKSON	COMMUNITY REP	1.00	Director	$0	$0	$0
GARY MESCHER	COMMUNITY REP	1.00	Director	$0	$0	$0
IRIS HENRY	RESIDENT MEMBER	1.00	Director	$0	$0	$0
CASSANDRA GLOVER	RESIDENT MEMBER	1.00	Director	$0	$0	$0
MELISSA YON	RESIDENT MEMBER	1.00	Director	$0	$0	$0
ABDUL SALAH	RESIDENT MEMBER	1.00	Director	$0	$0	$0
JOHN DULEY	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
JUDY GARDI	SECRETARY	1.00	Officer Director	$0	$0	$0
SANDY WEST	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN SCHWEITZER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM SCHABERG	PRESIDENT	2.00	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	No data	No data	No data	No data
2023	$169,981	$385,708	$6,430,639	$-215,727
2022	$128,266	$341,449	$5,848,434	$-213,183
2021	$194,006	$307,703	$7,152,070	$-113,697
2020	$231,159	$304,835	$6,733,014	$-73,676
2019	$6,457,302	$1,517,059	$6,131,582	$4,940,243
2018	$1,627,227	$1,747,102	$6,184,597	$-119,875

EDGEWOOD VILLAGE NONPROFIT HOUSING CORPORATION