QUALITY AFC HOMES INC

EIN: 383177008 501(c)(3) Human Services

PONTIAC, MI

Total Revenue
N/A
Total Expenses
$3,100
Total Assets
$55,560
Net Assets
$-43,536
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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
1999
Legal Domicile
MI
Principal Officer
DEGASHAW DENEKE
Phone
2484966904
Tax Period
2024-01-01 to 2024-12-31

Mission

ADULT FOSTER CARE FACILITY FOR THE DISABLED PERSONS

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,100
Other Expenses $3,100
TOTAL EXPENSES $3,100

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $3,100 N/A N/A
Net Income N/A N/A N/A
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
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BIGASHAW DENEKE PRESIDENT 005.00
Officer Director
$0 $0 $0
KONJIT BITEW VICE PRESIDENT 050.00
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 $3,100 $55,560 No data
2023 No data No data $61,760 No data
2022 No data No data $61,760 No data
2021 No data $78,341 $61,760 No data
2020 $297,874 $312,055 $125,436 $-14,181
2019 $322,025 $318,318 $8,765 $3,707
2018 $258,999 $294,981 $10,839 $-35,982
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