SHEPHERDS OF INDEPENDENCE

EIN: 582641404 501(c)(3) Human Services

GRAND RAPIDS, MI

Total Revenue
$514,872
Total Expenses
$609,230
Total Assets
$482,024
Net Assets
$224,731
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MI
Principal Officer
ELSA SCHRADER
Phone
6168854790
Tax Period
2024-01-01 to 2024-12-31

SHEPHERDS OF INDEPENDENCE, founded in 2001, is a small nonprofit in the Human Services sector that reported $515K in total revenue in fiscal year 2024. Expenses of $609K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROVIDE SHELTER, PLUS CARE, THAT MEETS PHYSICAL, MENTAL SPIRITUAL AND SOCIAL NEEDS, WHILE FOSTERING DIGNITY AND INDEPENDENCE IN AN AFFORDABLE, WARM, HOME-LIKE ATMOSPHERE, TO THE MENTALLY AND PHYSICALLY CHALLENGED, TO THE DISPLACED OR HOMELESS WITH POVERTY LEVEL INCOME.

Program Service Accomplishments

Program 1
Expenses: $507,132

PROVIDED HOUSING AND CARE FOR APPROXIMATELY 50 INDIVIDUALS IN NEED DURING 2023.

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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 (2024)

Revenue Breakdown

Contributions & Grants $52,359
Program Service Revenue $451,560
Investment Income $0
Other Revenue $10,953
TOTAL REVENUE $514,872

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,965
Fundraising Expenses $0
Program Expenses $507,132
Other Expenses $324,265
TOTAL EXPENSES $609,230

Year-over-Year Comparison

2024 2023 Change
Revenue $514,872 $511,814 +0.0%
Expenses $609,230 $532,960 +0.1%
Net Income $-94,358 $-21,146 +3.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
15
Volunteers
3

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
4
$91,632
Total Directors
4
$91,632
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELSA SCHRADER CHAIRMAN 40.00
Officer Director
$91,632 $0 $91,632
EDNA HULST SECRETARY 2.00
Officer Director
$0 $0 $0
DONNA SILVA TREASURER 2.00
Officer Director
$0 $0 $0
LORETTA MARINELLI VICE CHAIR 2.00
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 $514,872 $609,230 $482,024 $-94,358
2023 $511,814 $532,960 $576,452 $-21,146
2022 $496,138 $482,869 $613,979 $13,269
2021 $471,589 $461,661 $543,787 $9,928
2020 $459,159 $453,926 $616,535 $5,233
2019 $436,122 $450,195 $467,654 $-14,073
2018 $426,072 $443,489 $509,689 $-17,417
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