DETROIT METROPOLITAN APARTMENT ASSOCIATION (EIN 450477283) - 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

2002

Legal Domicile

Principal Officer

Peggy Ellis

Phone

2485949803

Tax Period

2025-01-01 to 2025-12-31

DETROIT METROPOLITAN APARTMENT ASSOCIATION, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $846K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $774K left a modest 8% surplus.

Mission

The DMAA was formed to provide education and legislative activity for the property management industry. We are the premier partner serving and inspiring everyone in the multifamily housing industry.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $321,810

Program Service Revenue $257,048

Investment Income $14

Other Revenue $266,819

TOTAL REVENUE $845,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,774

Fundraising Expenses $0

Program Expenses $374,840

Other Expenses $573,631

TOTAL EXPENSES $774,405

Year-over-Year Comparison

	2025	2024	Change
Revenue	$845,691	$746,091	+0.1%
Expenses	$774,405	$728,895	+0.1%
Net Income	$71,286	$17,196	+3.1%

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

Volunteers

115

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

$118,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrina Smith	President	2.00	Officer Director	$0	$0	$0
Corrine Russo	Vice President	2.00	Officer Director	$0	$0	$0
Valerie Hayhurst	Treasurer	2.00	Officer Director	$0	$0	$0
Mary Howell	Past President	2.00	Officer Director	$0	$0	$0
Rochelle Cole	Director	2.00	Director	$0	$0	$0
Melanie Brown	Board Member	2.00	Director	$0	$0	$0
Shannon McMahon	Board Member	2.00	Director	$0	$0	$0
Chelsea Strudgeon	Board Member	2.00	Director	$0	$0	$0
Mike Kovalesky	Board Member	2.00	Director	$0	$0	$0
James Spearman	Board Member	2.00	Director	$0	$0	$0
Teena Neal	Board Member	2.00	Director	$0	$0	$0
Stephanie Linton	Board Member	2.00	Director	$0	$0	$0
Sheri Bretz	Board Member	2.00	Director	$0	$0	$0
Khalil Muhammad	Board Member	2.00	Director	$0	$0	$0
Peggy Ellis	Association Executive	40.00	Officer	$118,336	$0	$118,336

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	$845,691	$774,405	$555,159	$71,286
2024	No data	No data	No data	No data
2023	$632,201	$632,111	$132,173	$90
2022	$452,143	$513,517	$149,229	$-61,374
2021	$364,390	$364,520	$209,513	$-130
2020	$297,783	$334,239	$209,542	$-36,456
2019	$364,732	$430,170	$277,121	$-65,438
2018	$368,132	$437,317	$321,766	$-69,185

DETROIT METROPOLITAN APARTMENT ASSOCIATION