GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOSTON SQUARE HWEC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. The organization ran a surplus of $2.1M, a strong 99% operating margin.
BOSTON SQUARE HWEC WAS FORMED AS A SUPPORTING ORGANIZATION TO AMPLIFY GR. IT IS ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY TO CARRY OUT THE PURPOSES OF AGR WITH A SHARED MISSION OF WIDENING PATHWAYS IN ECONOMIC MOBILITY, MIXED-INCOME HOUSING, EDUCATION, AND HEALTH AND WELL-BEING SO THAT ALL NEIGHBORS CAN PARTICIPATE IN AND BENEFIT FROM COMMUNITY GROWTH. BOSTON SQUARE HWEC HAS A FUNDAMENTAL ROLE IN DEVELOPING AND OPERATING A COMMUNITY HUB TO ADVANCE AN EQUITY-FOCUSED VISION FOR BOSTON SQUARE THAT INCORPORATES HEALTH, EDUCATION, ARTS AND CULTURE, RECREATION, AND TECHNOLOGY. THE CONCEPT WAS ESTABLISHED DURING A NEIGHBOR-LED PLANNING PROCESS CALLED BOSTON SQUARE TOGETHER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,106,029 | N/A | N/A |
| Expenses | $20,043 | N/A | N/A |
| Net Income | $2,085,986 | $0 | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES JONES | DIRECTOR & CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KENYATTA BRAME | DIRECTOR & VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREA OWENS | DIRECTOR & SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE OSTERINK | DIRECTOR & TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN EMDIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BING GOEI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOAN HUYSER-HONIG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,106,029 | $20,043 | $31,211,160 | $2,085,986 |
| 2022 | No data | No data | No data | No data |
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