NATIONAL FAITH HOMEBUYERS

EIN: 383302761 501(c)(3) Housing & Shelter

DETROIT, MI

Total Revenue
$1,579,472
Total Expenses
$1,345,094
Total Assets
$7,813,987
Net Assets
$3,314,025
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MI
Principal Officer
THADDINA HARIS
Phone
3132559500
Tax Period
2023-07-01 to 2024-06-30

NATIONAL FAITH HOMEBUYERS, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.3M left a modest 15% surplus.

Mission

THE ORGANIZATION MISSION IS TO PROVIDE FAMILIES THE INFORMATION AND TOOLS FOR FIRST TIME HOME OWNERSHIP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,866
Program Service Revenue $1,430,513
Investment Income $93
Other Revenue $0
TOTAL REVENUE $1,579,472

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $30,221
Program Expenses $997,316
Other Expenses $1,345,094
TOTAL EXPENSES $1,345,094

Year-over-Year Comparison

2023 2022 Change
Revenue $1,579,472 $1,707,681 -0.1%
Expenses $1,345,094 $1,417,253 -0.1%
Net Income $234,378 $290,428 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
5
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THADDINA HARIS EXECUTIVE DI 40.00
Officer
$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 $1,579,472 $1,345,094 $7,813,987 $234,378
2023 $1,707,681 $1,417,253 $7,066,610 $290,428
2022 $796,485 $773,010 $1,863,848 $23,475
2021 $1,253,768 $959,361 $1,341,314 $294,407
2020 $753,527 $332,713 $881,825 $420,814
2019 $661,156 $638,341 $120,423 $22,815
2018 $928,195 $816,451 $182,337 $111,744
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NATIONAL FAITH HOMEBUYERS with other nonprofits in Michigan and across the country.