KADIMA NONPROFIT HOUSING CORPORATION

EIN: 612020952 501(c)(3) Mental Health

SOUTHFIELD, MI

Total Revenue
$546,151
Total Expenses
$647,583
Total Assets
$5,224,744
Net Assets
$5,124,553
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MI
Principal Officer
PAUL BLATT
Phone
2485595000
Tax Period
2024-07-01 to 2025-06-30

KADIMA NONPROFIT HOUSING CORPORATION, founded in 2022, is a small nonprofit in the Mental Health sector that reported $546K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $648K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE RESIDENTIAL HOUSING AND RELATED SERVICES TO PEOPLE WITH MENTAL HEALTH CHALLENGES.

Program Service Accomplishments

Program 1
Expenses: $644,956 Revenue: $515,570

PROVIDE RESIDENTIAL HOUSING AND RELATED SERVICES TO PEOPLE WITH MENTAL HEALTH CHALLENGES. RESIDENTIAL SERVICES INCLUDE FURNISHED HOUSING, UTILITIES, PHONE, CABLE, AND INTERNET.

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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 $717
Program Service Revenue $515,570
Investment Income $29,864
Other Revenue $0
TOTAL REVENUE $546,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,229
Program Expenses $644,956
Other Expenses $647,583
TOTAL EXPENSES $647,583

Year-over-Year Comparison

2024 2023 Change
Revenue $546,151 $452,605 +0.2%
Expenses $647,583 $823,399 -0.2%
Net Income $-101,432 $-370,794 -0.7%
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

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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
5
Independent Members
4
Employees
N/A
Volunteers
10

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
5
$243,512
Total Directors
5
$243,512
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC ADELMAN PRESIDENT 2.00
Officer Director
$0 $36,164 $243,512
JON MODIANO BOARD CHAIR 1.00
Officer Director
$0 $0 $0
EVAN J LEIBHAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
DANI GILLMAN SECRETARY 1.00
Officer Director
$0 $0 $0
GAIL STEWART TREASURER 1.00
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
2025 $546,151 $647,583 $5,224,744 $-101,432
2024 $452,605 $823,399 $5,292,761 $-370,794
2023 $534,690 $809,450 $5,664,919 $-274,760
2022 $359,140 $390,347 $5,939,219 $-31,207
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