KALAMAZOO AREA HOUSING CORPORATION

EIN: 383292373 501(c)(3) Housing & Shelter

KALAMAZOO, MI

Total Revenue
$51,099
Total Expenses
$25,643
Total Assets
$2,028,896
Net Assets
$726,892
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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
1996
Legal Domicile
MI
Principal Officer
MICHELLE DAVIS
Phone
2693820287
Tax Period
2023-01-01 to 2023-12-31

KALAMAZOO AREA HOUSING CORPORATION, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2023. The organization ran a surplus of $25K, a strong 50% operating margin.

Mission

FACILITATES THE DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $25,643 Revenue: $51,099

FACILITATE AND MANAGE LOANS FOR LOW INCOME HOUSING TO AID LOW AND MODERATE INCOME PERSONS IN OBTAINING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL...

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FACILITATE AND MANAGE LOANS FOR LOW INCOME HOUSING TO AID LOW AND MODERATE INCOME PERSONS IN OBTAINING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, ON A NONPROFIT BASIS.

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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 $51,099
Investment Income $0
Other Revenue $0
TOTAL REVENUE $51,099

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,643
Other Expenses $25,643
TOTAL EXPENSES $25,643

Year-over-Year Comparison

2023 2022 Change
Revenue $51,099 $49,133 +0.0%
Expenses $25,643 $24,320 +0.1%
Net Income $25,456 $24,813 +0.0%
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
3
Employees
N/A
Volunteers
5

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
$116,970
Total Directors
5
$116,970
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID JARL PRESIDENT (ENDED 01/25/23) 0.10
Officer Director
$0 $0 $0
CYNTHIA ORTEGA PRESIDENT (01/25/23-11/28/23) 0.10
Officer Director
$0 $0 $0
MICHELLE DAVIS SECRETARY/TREASURER 0.10
Officer Director
$0 $15,363 $116,970
CLAUDIA WINK-BASING VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JOSE SANTAMARIA PRESIDENT (BEGAN 11/28/23) 0.10
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 No data No data No data
2023 $51,099 $25,643 $2,028,896 $25,456
2022 $49,133 $24,320 $1,978,255 $24,813
2021 $47,244 $23,540 $1,929,225 $23,704
2020 $70,427 $24,625 $1,882,236 $45,802
2019 $43,679 $23,275 $1,838,764 $20,404
2018 $46,248 $25,324 $2,178,098 $20,924
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