MADUSON EAGLE HOMES INC

EIN: 383303110 501(c)(3) Mental Health

Inkster, MI

Total Revenue
$780,161
Total Expenses
$639,682
Total Assets
$489,700
Net Assets
$489,700
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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
Joseph Okafor
Phone
3132057929
Tax Period
2024-01-01 to 2024-12-31

MADUSON EAGLE HOMES INC, founded in 1995, is a small nonprofit in the Mental Health sector that reported $780K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 18% operating margin.

Mission

To provide residential services to adults with mental illness in southeastern Michigan.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $780,161
Investment Income $0
Other Revenue $0
TOTAL REVENUE $780,161

Expense Breakdown

Grants Paid $0
Salaries & Benefits $377,304
Fundraising Expenses $0
Program Expenses $541,878
Other Expenses $262,378
TOTAL EXPENSES $639,682

Year-over-Year Comparison

2024 2023 Change
Revenue $780,161 $628,534 +0.2%
Expenses $639,682 $565,664 +0.1%
Net Income $140,479 $62,870 +1.2%
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
5
Independent Members
5
Employees
14
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
$80,171
Total Directors
0
$0
Key Employees
1
$80,171
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Okafor Executive Director 30.00
Officer Key Emp
$80,171 $0 $80,171
Ben Mordy Chairperson 0.00
Officer
$0 $0 $0
Patricia Moray Secretary 0.00
Officer
$0 $0 $0
Mercy Ude Treasurer 0.00
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
2024 $780,161 $639,682 $489,700 $140,479
2023 $628,534 $565,664 $349,221 $62,870
2022 $600,537 $541,852 $340,351 $58,685
2021 $478,801 $463,918 $241,666 $14,883
2020 $441,640 $371,535 $276,783 $70,105
2019 $424,279 $355,725 $142,678 $68,554
2018 $356,973 $357,743 $74,124 $-770
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