HOUSING KENT FKA HOUSING STABILITY ALLIANCE

EIN: 862581116 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$814,303
Total Expenses
$775,504
Total Assets
$1,018,401
Net Assets
$755,630
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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
2021
Legal Domicile
MI
Principal Officer
EUREKA PEOPLE
Phone
6163589866
Tax Period
2023-10-01 to 2024-09-30

HOUSING KENT FKA HOUSING STABILITY ALLIANCE, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $814K in total revenue in fiscal year 2023. Revenue surged 5516% from the prior year, signaling strong growth momentum. Expenses of $776K left a modest 5% surplus.

Mission

TO REDUCE DISPARITIES AND INEQUITIES IN HOUSING OPPORTUNITIES FOR ETHNIC AND RACIAL MINORITIES, AND TO ENGAGE IN ACTIVITIES RELATED THERETO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $814,303
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $814,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $445,058
Fundraising Expenses $78,175
Program Expenses $501,691
Other Expenses $330,446
TOTAL EXPENSES $775,504

Year-over-Year Comparison

2023 2022 Change
Revenue $814,303 $14,500 +55.2%
Expenses $775,504 $646,072 +0.2%
Net Income $38,799 $-631,572 -1.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
9

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
$153,737
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUREKA PEOPLE PRESIDENT 40.00
Officer
$142,000 $11,737 $153,737
TASHA BLACKMON CO-CHAIR 2.00
Officer Director
$0 $0 $0
BRAD KESSEL CO-CHAIR 2.00
Officer Director
$0 $0 $0
ERIC BROWN TREASURER 2.00
Officer Director
$0 $0 $0
MICHAEL BOHNSACK DIRECTOR 1.00
Director
$0 $0 $0
RAQUEL GUZMAN DIRECTOR 1.00
Director
$0 $0 $0
JOSH LUNGER DIRECTOR 1.00
Director
$0 $0 $0
PAMELA PARRIOTT DIRECTOR 1.00
Director
$0 $0 $0
AL VANDERBERG DIRECTOR 1.00
Director
$0 $0 $0
MARK WASHINGTON DIRECTOR 1.00
Director
$0 $0 $0
ROSALYNN BLISS DIRECTOR - P 1.00
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 No data No data No data No data
2024 $814,303 $775,504 $1,018,401 $38,799
2023 $14,500 $646,072 $759,909 $-631,572
2022 $1,632,000 $309,128 $1,466,371 $1,322,872
2021 $115,000 $22,931 $92,069 $92,069
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