PRECIOUS AFC HOME INC

EIN: 421704434 501(c)(3) Mental Health

West Bloomfield, MI

Total Revenue
$2,210,254
Total Expenses
$1,624,920
Total Assets
$1,094,767
Net Assets
$997,510
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MI
Tax Period
2023-01-01 to 2023-12-31

PRECIOUS AFC HOME INC, founded in 2006, is a community nonprofit in the Mental Health sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 26% operating margin.

Mission

Briefly describe the organizations mission or most significant activities: The corporation is setup to help adults who need daily help with personal care but want to live in a family setting rather than in a nursing home or other facility. We provide meals, companionship, personal care assistance daily medication management. We provide residents with transportation to and from Doctors appointment

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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 $2,210,254
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,210,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,129,254
Fundraising Expenses $0
Program Expenses $0
Other Expenses $495,666
TOTAL EXPENSES $1,624,920

Year-over-Year Comparison

2023 2022 Change
Revenue $2,210,254 $1,834,370 +0.2%
Expenses $1,624,920 $1,051,914 +0.5%
Net Income $585,334 $782,456 -0.3%
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
3
Independent Members
1
Employees
26
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tema Pefok President 80.00
Officer
$0 $0 $0
Cromwell Zama Financial Manager 80.00
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 No data No data No data No data
2023 $2,210,254 $1,624,920 $1,094,767 $585,334
2022 $1,834,370 $1,051,914 $844,317 $782,456
2021 $892,558 $745,909 $191,312 $146,649
2020 $376,354 $361,715 $43,784 $14,639
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