LOURDES ASSISTED LIVING CORPORATION

EIN: 383431154 501(c)(3)

WATERFORD, MI

Total Revenue
$4,144,660
Total Expenses
$3,607,382
Total Assets
$13,847,603
Net Assets
$13,624,304
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
Principal Officer
RICHARD ACHO
Phone
2486742241
Tax Period
2023-01-01 to 2023-12-31

LOURDES ASSISTED LIVING CORPORATION, founded in 1998, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $3.6M left a modest 13% surplus.

Mission

FULL CONTINUUM CARE FOR SENIORS REGARDLESS OF RACE, CREED, OR RELIGION.

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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 $76,978
Program Service Revenue $3,789,376
Investment Income $275,600
Other Revenue $2,706
TOTAL REVENUE $4,144,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,312,690
Fundraising Expenses $0
Program Expenses $2,940,566
Other Expenses $1,294,692
TOTAL EXPENSES $3,607,382

Year-over-Year Comparison

2023 2022 Change
Revenue $4,144,660 $4,781,632 -0.1%
Expenses $3,607,382 $3,621,236 0.0%
Net Income $537,278 $1,160,396 -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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
103
Volunteers
37

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
$358,228
Total Directors
15
$252,892
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN CONDIT CHAIR 1.00
Officer Director
$0 $0 $0
BARBARA MENDELSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN NOONE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD ACHO PRESIDENT/CEO 10.00
Officer Director
$0 $10,428 $252,892
ERIN ASDELL DIRECTOR 1.00
Director
$0 $0 $0
SISTER JANICE BACHMAN OP DIRECTOR 1.00
Director
$0 $0 $0
LINDA GIFFORD DIRECTOR 1.00
Director
$0 $0 $0
PEGGY HOLDEN DIRECTOR 1.00
Director
$0 $0 $0
HENRIETTA JURAS MD DIRECTOR 1.00
Director
$0 $0 $0
STEVEN KASTNER DIRECTOR 1.00
Director
$0 $0 $0
REV MSGR MICHAEL LEFEVRE DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH MANUSZAK DIRECTOR 1.00
Director
$0 $0 $0
SISTER PEGGY MARTIN OP DIRECTOR 1.00
Director
$0 $0 $0
PAUL PROPSON DIRECTOR 1.00
Director
$0 $0 $0
SISTER BARBARA RUND OP DIRECTOR 1.00
Director
$0 $0 $0
DAVID KROLIKOWSKI DIRECTOR OF FINANCE 10.00
Officer
$0 $8,538 $105,336
JANET BURNS RN/LPN SUPERVISOR 40.00
Highest
$106,722 $8,866 $115,588
ROBIN MCCLINTOCK ADMINISTRATOR 40.00
Highest
$101,089 $8,722 $109,811
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 No data No data No data No data
2023 $4,144,660 $3,607,382 $13,847,603 $537,278
2022 $4,781,632 $3,621,236 $12,895,604 $1,160,396
2021 $4,340,870 $3,264,294 $12,705,161 $1,076,576
2020 $3,951,147 $3,505,257 $13,121,695 $445,890
2019 $4,269,650 $3,461,514 $12,655,713 $808,136
2018 $4,219,334 $3,284,548 $11,678,829 $934,786
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