GW HOMELESS SERVICES OF NORTHERN M… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DAN BURON

Phone

2319957709

Tax Period

2024-01-01 to 2024-12-31

GW HOMELESS SERVICES OF NORTHERN MICHIGAN INC, founded in 2003, is a micro nonprofit in the Human Services sector that reported $61 in total revenue in fiscal year 2024. Expenses of $153K exceeded revenue, resulting in a 250777% operating deficit.

Mission

THE MISSION OF GW HOMELESS SERVICES OF NORTHERN MICHIGAN, INC IS TO PROVIDE SAFE, SUPPORTIVE SHELTER TO INDIVIDUALS EXPERIENCING HOMELESSNESS.THE 2023 990 WAS FOR 10/1-12/31/23 DUE TO AN ACCOUNTING PERIOD CHANGE.

Program Service Accomplishments

Program 1

Expenses: $153,035

GOODWILL HOMELESS SERVICES OF NORTHERN MICHIGAN IS A WHOLLY-OWNED SUBSIDIARY OF GOODWILL INDUSTRIES OF NORTHERN MICHIGAN (GWI) AND IS THE HOLDING COMPANY FOR THE EQUIPMENT AND REAL ESTATE OF GOODWILL INN, THE LARGEST SHELTER IN NORTHERN MICHIGAN. PROGRAM SERVICES OF THE INN ARE MANAGED AND DELIVERED BY GWI (SEE SCHEDULE R RELATED TAX EXEMPT ORGANIZATIONS).

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13

Program Service Revenue $0

Investment Income $48

Other Revenue $0

TOTAL REVENUE $61

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,035

Other Expenses $153,035

TOTAL EXPENSES $153,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61	$-2,192	-1.0%
Expenses	$153,035	$35,456	+3.3%
Net Income	$-152,974	$-37,648	+3.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$463,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BROWN	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
CHRISTIE MINERVINI	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
KELLY MILLER	TREASURER	0.20	Officer Director	$0	$0	$0
JODY N TRIETCH	SECRETARY	0.20	Officer Director	$0	$0	$0
KATE REDMAN	DIRECTOR	0.20	Director	$0	$0	$0
LEZLIE GARVIN	DIRECTOR	0.20	Director	$0	$0	$0
PAUL HEIDBREDER	DIRECTOR	0.20	Director	$0	$0	$0
ANDREW KOHLMANN	DIRECTOR	0.20	Director	$0	$0	$0
TERRI LACROIX-KELTY	DIRECTOR	0.20	Director	$0	$0	$0
NICK NISSLEY	DIRECTOR	0.20	Director	$0	$0	$0
DAWN SHIELDS	DIRECTOR	0.20	Director	$0	$0	$0
SARA HARDING	DIRECTOR START 8/24	0.20	Director	$0	$0	$0
LORI VANANTWERP	DIRECTOR START 10/24	0.20	Director	$0	$0	$0
DAN BURON	EXECUTIVE DIRECTOR	10.00	Officer	$0	$38,280	$203,016
KYLA MCMILLION	CFO	10.00	Officer	$0	$19,222	$132,663
ROBERT RANDALL	COO THRU 7/20/24	10.00	Officer	$0	$16,821	$86,709
GAIL TAYLOR	COO BEGIN 9/23/24	10.00	Officer	$0	$5,998	$41,518

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	$61	$153,035	$3,107,408	$-152,974
2023	$159	$125,519	$3,030,081	$-125,360
2023	$-2,192	$35,456	$3,015,375	$-37,648
2022	$32	$117,701	$2,966,219	$-117,669
2021	$-467	$117,024	$2,913,448	$-117,491
2020	$-28,180	$109,957	$2,952,330	$-138,137
2019	No data	$114,994	$3,042,586	No data
2018	$881,995	$1,106,445	$3,228,169	$-224,450

GW HOMELESS SERVICES OF NORTHERN MICHIGAN INC