WELLINGTON COURT NONPROFIT HOUSING CORPORATION

EIN: 383230758

GRAND RAPIDS, MI

Total Revenue
N/A
Total Expenses
$1,163
Total Assets
$232,649
Net Assets
$232,649
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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
HEATHER ZAK
Phone
6163018000
Tax Period
2021-10-01 to 2022-09-30

Mission

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

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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 (2021)

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 $1,163
Other Expenses $1,163
TOTAL EXPENSES $1,163

Year-over-Year Comparison

2021 2020 Change
Revenue N/A $284,416 -1.0%
Expenses $1,163 $291,840 -1.0%
Net Income N/A $-7,424 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
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
5
$1,270,496
Total Directors
4
$1,133,968
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP W WEAVER PRESIDENT 0.30
Officer Director
$0 $31,077 $513,739
TIMOTHY BECKER VICE PRESIDENT AND SECRETA 0.30
Officer Director
$0 $24,191 $272,967
ANDRE PIERRE FORMER TREASURER 0.30
Officer Director
$0 $14,234 $239,871
WILLIAM ANSTEY TREASURER 0.30
Officer Director
$0 $4,684 $107,391
ANTHONY BARKER EXECUTIVE DIRECTOR OF HOUS 0.30
Officer
$0 $6,563 $136,528
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
2022 No data $1,163 $232,649 No data
2021 $284,416 $291,840 $240,062 $-7,424
2020 $370,475 $339,425 $1,423,702 $31,050
2019 $370,603 $340,226 $1,359,843 $30,377
2018 $372,797 $318,281 $1,338,194 $54,516
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