DWELLING PLACE REGIONAL COMMUNITY LAND TRUST

EIN: 851916187 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$1,234,075
Total Expenses
$334,822
Total Assets
$10,660,756
Net Assets
$876,671
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MI
Principal Officer
VINCE LAMBERT
Phone
6168550411
Tax Period
2024-01-01 to 2024-12-31

DWELLING PLACE REGIONAL COMMUNITY LAND TRUST, founded in 2020, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 1744% from the prior year, signaling strong growth momentum. The organization ran a surplus of $899K, a strong 73% operating margin.

Mission

TO PROVIDE OPPORTUNITIES FOR LOW-INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND THAT IS CONTROLLED BY THEM ON A LONG-TERM BASIS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,334,250
Program Service Revenue $145,627
Investment Income $-245,802
Other Revenue $0
TOTAL REVENUE $1,234,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $300,549
Other Expenses $334,822
TOTAL EXPENSES $334,822

Year-over-Year Comparison

2024 2023 Change
Revenue $1,234,075 $66,916 +17.4%
Expenses $334,822 $241,557 +0.4%
Net Income $899,253 $-174,641 -6.1%
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

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
7
$963,419
Total Directors
8
$240,829
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEREMY DEROO FORMER CEO 0.10
Officer Director
$0 $0 $240,829
RICH KOGELSCHATZ TRUSTEE 0.10
Director
$0 $0 $0
LEE NELSON WEBER TRUSTEE 0.10
Officer Director
$0 $0 $0
DORETHA ARDOIN TRUSTEE 0.10
Director
$0 $0 $0
KIM SIMS TRUSTEE 0.10
Officer Director
$0 $0 $0
GIL SEGOVIA FORMER TRUSTEE 0.10
Director
$0 $0 $0
GEORGE LARIMORE TRUSTEE 0.10
Director
$0 $0 $0
JEFF WASHBURNE TRUSTEE 0.10
Director
$0 $0 $0
ALONDA TRAMMELL-MILLER CHIEF PROGRAMS OFFICER 0.10
Officer
$0 $0 $177,424
FELISHA RODRIGUEZ FORMER COO 0.10
Officer
$0 $0 $201,112
VINCE LAMBERT CHIEF FINANCIAL OFFICER 0.10
Officer
$0 $0 $170,410
JACOB HORNER CHIEF REAL ESTATE DEVELOPM 0.10
Officer
$0 $0 $173,644
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 $1,234,075 $334,822 $10,660,756 $899,253
2023 $66,916 $241,557 $3,461,259 $-174,641
2022 $486,541 $408,973 $811,728 $77,568
2021 $585,534 $316,860 $521,542 $268,674
2020 $132,755 $132,755 No data No data
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare DWELLING PLACE REGIONAL COMMUNITY LAND TRUST with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.