GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.
WE WANT PEOPLE TO FEEL RIGHT AT HOME. OUR SUBSIDIZED HOUSING SERVICES PROVIDED INCOME-BASED RENTALS THAT ARE COMFORTABLE, AFFORDABLE, AND LOCATED IN A SAFE NEIGHBORHOOD. HOUSING WAS OFFERED TO LOW...
WE WANT PEOPLE TO FEEL RIGHT AT HOME. OUR SUBSIDIZED HOUSING SERVICES PROVIDED INCOME-BASED RENTALS THAT ARE COMFORTABLE, AFFORDABLE, AND LOCATED IN A SAFE NEIGHBORHOOD. HOUSING WAS OFFERED TO LOW AND MODERATE INCOME ADULTS AND FAMILIES, ACCORDING TO HUD INCOME GUIDELINES. THE ORGANIZATION TRANSFERRED THE BULK OF ITS ASSETS TO A NEWLY FORMED PARTNERSHIP TO RENOVATE/IMPROVE THE STRUCTURE IN ORDER TO CONTINUE PROVIDING HOUSING TO LOW AND MODERATE INCOME ADULTS AND FAMILIES. ORGANIZATION IS IN THE PROCESS OF WRAPPING UP FORMER OPERATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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 |
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
Sign In| 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 |
| 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 |
Compare WELLINGTON COURT NONPROFIT HOUSING CORPORATION with other nonprofits in Michigan and across the country.