Homeless Action Network of Detroit (EIN 383315978) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

Tasha Gray

Phone

3139643666

Tax Period

2024-07-01 to 2025-06-30

Homeless Action Network of Detroit, founded in 1996, is a community nonprofit in the Human Services sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

Our mission is to increase awareness of the problems of people who are homeless and the development and carrying out of strategies to create permanent solutions to homelessness in our community.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,787,756

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,787,756

Expense Breakdown

Grants Paid $5,909,753

Salaries & Benefits $106,400

Fundraising Expenses $54,180

Program Expenses $8,701,274

Other Expenses $3,064,964

TOTAL EXPENSES $9,081,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,787,756	$6,410,710	+0.4%
Expenses	$9,081,117	$8,212,690	+0.1%
Net Income	$-293,361	$-1,801,980	-0.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$91,134

Total Directors

$91,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIDI NYECHE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JOYCE SUBER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DR KANZONI ASABIGI	TREASURER	1.00	Officer Director	$0	$0	$0
LYNN HALIBURTON	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAORA EZIKE	DIRECTOR	1.00	Director	$0	$0	$0
LISA GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA GIRTON-HART	DIRECTOR	1.00	Director	$0	$0	$0
ANITA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
TASHA GRAY	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$11,305	$91,134

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	$8,787,756	$9,081,117	$6,064,231	$-293,361
2024	No data	No data	No data	No data
2023	$109,597,788	$109,928,665	$32,631,494	$-330,877
2022	$159,490,171	$158,309,868	$28,034,944	$1,180,303
2021	$19,209,169	$19,390,307	$14,379,319	$-181,138
2020	$1,299,703	$1,051,578	$1,052,010	$248,125
2019	$969,728	$901,872	$736,013	$67,856
2018	$987,009	$966,331	$599,336	$20,678

Homeless Action Network of Detroit