CSI HOUSING FOUNDATION

EIN: 883401366 501(c)(3) Housing & Shelter

WARREN, MI

Total Revenue
$14,858,204
Total Expenses
$13,541
Total Assets
$15,237,077
Net Assets
$15,223,536
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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
CINDY LAMB
Phone
5867539002
Tax Period
2025-01-01 to 2025-06-30

CSI HOUSING FOUNDATION, founded in 2022, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.9M in total revenue in fiscal year 2024. Revenue surged 7323% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.8M, a strong 100% operating margin.

Mission

DEVELOPING AND MANAGING EXCEPTIONAL, AFFORDABLE RENTAL COMMUNITIES WHERE SENIORS ENJOY OPPORTUNITIES TO THRIVE. THE CORPORATION'S GOALS ARE (SEE SCHEDULE O):TO PROVIDE HOUSING COOPERATIVES WITH FUNDING FOR EDUCATIONAL OPPORTUNITIES, HEALTH AND WELLNESS PROGRAMS, AND OTHER SERVICES FOR ITS MEMBERSENHANCE FINANCIAL OPPORTUNITIES FOR ITS COOPERATIVES THROUGH LOANPROVIDE OPPORTUNITIES FOR CAPITAL IMPROVEMENTS, NEW CONSTRUCTION, ACQUISITIONS, AND OTHER PROJECTS THAT SUPPORT THE OVERALL MISSION OF CSI.

Program Service Accomplishments

Program 1
Expenses: $9,537 Revenue: $0

CSI HOUSING FOUNDATION (THE CORPORATION) IS A MICHIGAN NONPROFIT CORPORATION WHICH PROVIDES FINANCIAL SUPPORT TO CSI SUPPORT & DEVELOPMENT SERVICES' (CSI) MISSION OF DEVELOPING AND MANAGING...

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CSI HOUSING FOUNDATION (THE CORPORATION) IS A MICHIGAN NONPROFIT CORPORATION WHICH PROVIDES FINANCIAL SUPPORT TO CSI SUPPORT & DEVELOPMENT SERVICES' (CSI) MISSION OF DEVELOPING AND MANAGING EXCEPTIONAL, AFFORDABLE RENTAL COMMUNITIES WHERE SENIORS ENJOY OPPORTUNITIES TO THRIVE.

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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 $14,800,000
Program Service Revenue $0
Investment Income $58,204
Other Revenue $0
TOTAL REVENUE $14,858,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,537
Fundraising Expenses $0
Program Expenses $9,537
Other Expenses $4,004
TOTAL EXPENSES $13,541

Year-over-Year Comparison

2024 2023 Change
Revenue $14,858,204 $200,158 +73.2%
Expenses $13,541 N/A N/A
Net Income $14,844,663 $200,158 +73.2%
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
10
Independent Members
10
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
6
$613,148
Total Directors
15
$613,148
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERYLE MOREY PRESIDENT 0.10
Officer Director
$0 $0 $0
GLORIA PARRIS VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
SHIRLEY MORELAND TREASURER 0.10
Officer Director
$0 $0 $0
JERI DRAUGHON SECRETARY 0.10
Officer Director
$0 $0 $0
CINDY LAMB ASSISTANT TREASURER 0.10
Officer Director
$0 $38,191 $245,105
ANNE SACKRISON ASSISTANT SECRETARY 0.10
Officer Director
$0 $69,471 $368,043
CHARLOTTE MIKUSKA DIRECTOR 0.10
Director
$0 $0 $0
ETHEL YOUNG DIRECTOR 0.10
Director
$0 $0 $0
GERALD MAHON JR DIRECTOR 0.10
Director
$0 $0 $0
LINDA DENNIS DIRECTOR 0.10
Director
$0 $0 $0
ANNIE MITCHELL DIRECTOR 0.10
Director
$0 $0 $0
DEANIE ROBINSON DIRECTOR 0.10
Director
$0 $0 $0
GLORIA HARRIS DIRECTOR 0.10
Director
$0 $0 $0
GINA CARTER DIRECTOR 0.10
Director
$0 $0 $0
CATHERINE POWELL DIRECTOR 0.10
Director
$0 $0 $0
DARLA HUTTINGER REGIONAL MANAGER 0.10
Highest
$0 $43,767 $220,392
MARGUERITE D ANGELO REGIONAL MANAGER 0.10
Highest
$0 $28,825 $213,583
DIANE SMITH NATIONAL DEVELOPMENT MANAGER 0.10
Highest
$0 $55,737 $259,515
TIM BRAUNSCHEIDEL CHIEF OPERATIONS OFFICER 0.10
Highest
$0 $54,786 $242,844
MEL HUDSON NATIONAL CONSTRUCTION MANAGER 0.10
Highest
$0 $66,377 $269,361
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 $14,858,204 $13,541 $15,237,077 $14,844,663
2024 No data No data No data No data
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