Painesville, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)REGIONAL ECONOMICALLY AFFORDABLE COMMUNITY HOUSING, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $668K, a strong 67% operating margin.
Create and sustain affordable, safe, and high-quality housing for families of all income levels, with a special focus on low- and middle-income households. We believe that stable housing is the foundation for thriving communities, and we are dedicated to addressing housing shortages by developing innovative, inclusive, and sustainable housing solutions.
In 2024 Regional Economically Affordable Community Housing REACH achieved a major milestone in its mission to expand attainable housing opportunities for working families across Lake County. This...
In 2024 Regional Economically Affordable Community Housing REACH achieved a major milestone in its mission to expand attainable housing opportunities for working families across Lake County. This year REACH successfully executed the acquisition and expansion of Parkview Place Apartments in Willoughby Ohio an initiative that significantly strengthens affordable housing options in the community. Through this acquisition REACH added 25 new low rent market rate units specifically targeted to support lower income and middle income households. In addition the Parkview Place expansion project introduced one newly created handicap accessible unit enhancing inclusivity and ensuring that residents with mobility challenges have access to safe, suitable housing. The expansion also produced two additional market rate units further increasing the availability of affordable quality housing in a region experiencing rising demand. By bringing Parkview Place under nonprofit stewardship and investing in both unit growth and accessibility improvements REACH continues to deliver on its commitment to long term affordability community stability and equitable housing access. This accomplishment represents a significant step forward in strengthening the housing landscape for families throughout Lake County.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,003,765 | N/A | N/A |
| Expenses | $335,892 | $4,684 | +70.7% |
| Net Income | $667,873 | $-4,684 | -143.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gregory Schmidt | President | 4 |
Officer
Director
|
$0 | $0 | $0 |
| Charles Stennis | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Gregory Patt | Trustee | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,003,765 | $335,892 | $1,194,546 | $667,873 |
Compare REGIONAL ECONOMICALLY AFFORDABLE COMMUNITY HOUSING with other nonprofits in Ohio and across the country.