ANN ARBOR HOUSING DEVELOPMENT CORP

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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

2015

Legal Domicile

Principal Officer

JENNIFER HALL

Phone

7347946720

Tax Period

2023-07-01 to 2024-06-30

ANN ARBOR HOUSING DEVELOPMENT CORP, founded in 2015, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.0M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 27% operating margin.

Mission

RENTAL HOUSING IN THE GREATER ANN ARBOR AREA, INCLUDING NECESSARY SUPPORTIVE SERVICES TO ENHANCE LIVABILITY FOR LOW INCOME AND SPECIAL NEEDS CLIENTELE.

Program Service Accomplishments

Program 1

Expenses: $12,326,612

RELIEVED A SHORTAGE OF DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME INCLUDING FAMILIES AND ELDERLY, HOMELESS OR DISABLED PERSONS IN THE CITY OF ANN ARBOR, MI AND OTHER MICHIGAN...

RELIEVED A SHORTAGE OF DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME INCLUDING FAMILIES AND ELDERLY, HOMELESS OR DISABLED PERSONS IN THE CITY OF ANN ARBOR, MI AND OTHER MICHIGAN COMMUNITIES.

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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 $16,356,386

Program Service Revenue $0

Investment Income $33,628

Other Revenue $561,150

TOTAL REVENUE $16,951,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,326,612

Other Expenses $12,326,612

TOTAL EXPENSES $12,326,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,951,164	$9,777,127	+0.7%
Expenses	$12,326,612	$6,054,702	+1.0%
Net Income	$4,624,552	$3,722,425	+0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HALL	TREASURER	2.00	Director	$0	$0	$0
DR LEE MEADOWS	PRESIDENT	N/A	Director	$0	$0	$0
DR STEVEN DANIELS	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA JENKINS	DIRECTOR	N/A	Director	$0	$0	$0
THIERRY BATALONGA	DIRECTOR	N/A	Director	$0	$0	$0
DEANNA BOER	VICE PRESIDE	N/A	Director	$0	$0	$0
MATTHEW WEBER	DIRECTOR	N/A	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	$16,951,164	$12,326,612	$17,209,080	$4,624,552
2023	$9,777,127	$6,054,702	$7,991,858	$3,722,425
2022	$4,982,032	$4,921,869	$2,423,393	$60,163
2021	$537,784	$293,213	$1,877,498	$244,571
2020	$497,492	$559,810	$1,653,024	$-62,318
2019	$910,601	$941,588	$1,687,992	$-30,987