SYNERGY NON-PROFIT HOUSING CORPORATION

EIN: 383220220

GRAND RAPIDS, MI

Total Revenue
$117,390
Total Expenses
$142,667
Total Assets
$382,683
Net Assets
$140,324
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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
1995
Legal Domicile
MI
Principal Officer
NATHAN TER BEEK
Phone
6163018000
Tax Period
2023-10-01 to 2024-09-30

SYNERGY NON-PROFIT HOUSING CORPORATION, founded in 1995, is a small nonprofit that reported $117K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $143K exceeded revenue, resulting in a 22% operating deficit.

Mission

IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $133,472 Revenue: $115,840

WE WANT PEOPLE TO FEEL RIGHT AT HOME. OUR SUBSIDIZED HOUSING SERVICES PROVIDE INCOME-BASED RENTALS THAT ARE COMFORTABLE, AFFORDABLE, AND LOCATED IN A SAFE NEIGHBORHOOD. HOUSING IS OFFERED TO LOW AND...

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WE WANT PEOPLE TO FEEL RIGHT AT HOME. OUR SUBSIDIZED HOUSING SERVICES PROVIDE INCOME-BASED RENTALS THAT ARE COMFORTABLE, AFFORDABLE, AND LOCATED IN A SAFE NEIGHBORHOOD. HOUSING IS OFFERED TO LOW AND MODERATE INCOME ADULTS AND FAMILIES, ACCORDING TO HUD INCOME GUIDELINES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $115,840
Investment Income $1,550
Other Revenue $0
TOTAL REVENUE $117,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,472
Other Expenses $142,667
TOTAL EXPENSES $142,667

Year-over-Year Comparison

2023 2022 Change
Revenue $117,390 $131,082 -0.1%
Expenses $142,667 $147,699 0.0%
Net Income $-25,277 $-16,617 +0.5%
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
3
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
4
$1,160,781
Total Directors
3
$1,007,842
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT VONKAENEL JR PRESIDENT 0.30
Officer Director
$0 $13,308 $487,783
TIMOTHY BECKER VICE PRESIDENT AND SECRETARY 0.30
Officer Director
$0 $19,900 $306,456
HEATHER ZAK TREASURER 0.30
Officer Director
$0 $9,683 $213,603
ANTHONY BARKER EXECUTIVE DIRECTOR OF HOUSING 0.30
Officer
$0 $8,324 $152,939
WILLIAM ANSTEY FORMER TREASURER 0.30
$0 $3,451 $125,848
PHILLIP W WEAVER FORMER PRESIDENT 0.30
$0 $443 $200,010
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 $117,390 $142,667 $382,683 $-25,277
2023 $131,082 $147,699 $408,272 $-16,617
2022 $124,967 $134,926 $429,194 $-9,959
2021 $121,579 $143,622 $434,548 $-22,043
2020 $578,971 $201,366 $399,645 $377,605
2019 $149,887 $159,005 $623,126 $-9,118
2018 $97,249 $163,060 $408,512 $-65,811
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