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Lenawee Emergency and Affordable Housing Corp EIN 38-3091170

Lenawee Emergency and Affordable Housing Corp

EIN  38-3091170 Public charity (501(c)(3)) Adrian, MI
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Provides housing stability and affordable opportunities for low-income people in Lenawee County.
Leadership
Dawn Finney · Director
Money in and out
$1.0M revenue, $946K expenses
Bottom line
94% program efficiency

Provides housing stability and affordable opportunities for low-income people in Lenawee County. For fiscal year 2024 it reported $1.0M in revenue, $946K in expenses, and $724K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$946K
Pt IX · Ln 25
Net assets
$724K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $82K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program efficiency
94%
of spending reaches programs0% vs prior filing year
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▲ +73% vs prior filing year
Surplus margin
+8%
revenue over expenses, this year▲ +474% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.0M
FY2024▼ -18%
Expenses
$946K
FY2024▼ -23%
Total assets
$744K
FY2024▲ +10%
Total liabilities
$21K
FY2024▼ -42%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$946K
Pt IX · Ln 25
Net assets
$724K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$82K
Total assetsPt X · Ln 16$744K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $831K of program spending, described in the organization's own filed words · FY2023.
01

provide support services and assistance to prevent or reduce the amount of time a household is homeless and support self reliance

$389Kprogram expense
02

provide transitional housing and support services to low and moderate income families

$323Kprogram expense
03

provide emergency shelter and support services to low and moderate income families

$118Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLenawee Emergency and Affordable Housing Corp
EINHdr · item D38-3091170
Principal addressHdr · item CAdrian, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L800)
Ruling yearIRS BMFJan 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Dawn Finney
Director
$0Pt VII · Sec A
Karen Caine
Director
$0Pt VII · Sec A
Diane Howard
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sarah Buku
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ben Moorman
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$643K · 63%
Program service revenue$383K · 37%
Contributions & grants63%$643K
Program service revenue37%$383K
Investment income$2K
Other revenue$1K
— government grantsLn 1e$456K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program services94%$893K
Management & general5%$44K
Fundraising1%$10K
Total functional expensesLn 25$946K

Balance Sheet

Part X · end of year
CashLn 1$203K
Total assetsLn 16$744K
Total liabilitiesLn 26$21K
Total net assetsLn 32$724K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $203K · Operating expenses/yr $946K
2.6 months
Where the money goes
Program services
Program services $893K · Total expenses $946K
94%
Management & General
Management & general $44K · Total expenses $946K
5%
Fundraising
Fundraising $10K · Total expenses $946K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $163K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $643K · Total revenue $1.0M
63%
Government reliance
Government grants $456K · Total revenue $1.0M
44%
Earned-income share
Program service revenue $383K · Total revenue $1.0M
37%
Investment reliance
Investment income $2K · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $383K · Total expenses $946K
40%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $1.3M
-18%
Revenue CAGR
FY2019 $546K · FY2023 $1.0M
+17%
Net-asset trend (YoY)
End of year $724K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $946K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $744K
—
Net-asset ratio
Net assets $724K · Total assets $744K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $744K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dawn Finney · Reported title Director · Highest reported compensation $0 · Total expenses $946K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $444K · Total expenses $946K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 5%——
Fundraising cost ratio 2%——
Revenue growth -18%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Lenawee Community FoundationFY2025$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 1 grant · $218K · 2023–2023
Unitemized GrantFY2023$218,385

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$5.1M revenue · ⤓ 990 PDF
FY2021$2.8M revenue · ⤓ 990 PDF
FY2020$546K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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