BATTLE CREEK HOUSING CORPORATION

EIN: 383343492 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$1,334,444
Total Expenses
$1,212,722
Total Assets
$2,046,598
Net Assets
$1,909,447
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MI
Principal Officer
LEE TALMAGE
Phone
2692747485
Tax Period
2023-01-01 to 2023-12-31

BATTLE CREEK HOUSING CORPORATION, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 9% surplus.

Mission

BATTLE CREEK HOUSING CORPORATION, AS A NON-PROFIT INSTRUMENTALITY OF THE PUBLIC HOUSING AUTHORITY (PHA), AIMS TO CONTINUE SUPPORTING THE PHA'S MISSION OF PROMOTING AND PROVIDING HOUSING OPPORTUNITIES WHILE COLLABORATING WITH COMMUNITY PARTNERS TO STRENGTHEN NEIGHBORHOODS, FOSTER DIGNITY, AND DEVELOP NEW HOUSING OPPORTUNITIES AND ECONOMIC INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $879,446 Revenue: $1,303,407

BATTLE CREEK HOUSING CORPORATION SERVES LOW-INCOME FAMILIES, SUPPORTING THE PUBLIC HOUSING AUTHORITY'S EFFORTS TO SECURE EXISTING PROGRAMS, DEVELOP NEW HOUSING OPPORTUNITIES, AND COLLABORATE WITH...

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BATTLE CREEK HOUSING CORPORATION SERVES LOW-INCOME FAMILIES, SUPPORTING THE PUBLIC HOUSING AUTHORITY'S EFFORTS TO SECURE EXISTING PROGRAMS, DEVELOP NEW HOUSING OPPORTUNITIES, AND COLLABORATE WITH OTHER COMMUNITY PARTNERS. BATTLE CREEK HOUSING CORPORATION WORKS WITH THE BATTLE CREEK HOUSING COMMISSION, PROJECT PARTNERS, DEVELOPERS, AND SPONSORS TO PRESERVE AND DEVELOP AFFORDABLE HOUSING.

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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 $1,303,407
Investment Income $31,037
Other Revenue $0
TOTAL REVENUE $1,334,444

Expense Breakdown

Grants Paid $0
Salaries & Benefits $329,834
Fundraising Expenses $0
Program Expenses $879,446
Other Expenses $882,888
TOTAL EXPENSES $1,212,722

Year-over-Year Comparison

2023 2022 Change
Revenue $1,334,444 $1,236,503 +0.1%
Expenses $1,212,722 $1,012,941 +0.2%
Net Income $121,722 $223,562 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$116,139
Total Directors
7
$116,139
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE TALMAGE PRESIDENT/EXECUTIVE DIRECTOR 0.50
Officer Director
$0 $0 $116,139
TERESA MOMENEE DIRECTOR 1.00
Director
$0 $0 $0
KJERSTEN SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
JASON FRANCISCO DIRECTOR 1.00
Director
$0 $0 $0
JAMES REED DIRECTOR 1.00
Director
$0 $0 $0
DENNIS MCKINLEY SECRETARY 1.00
Officer Director
$0 $0 $0
ROSIE SIMMONS TREASURER 1.00
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 $1,334,444 $1,212,722 $2,046,598 $121,722
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