Mdbm-drake Senior Housing Corporation
Only null% goes to programs Thin reserves Growing revenue
Mdbm-drake Senior Housing Corporation is a 501(c)(3) organization based in Farmingtn Hls, Michigan, registered in 2008, with $1,535,236 in FY2024 revenue. CharityIndex grades it F.
30301 W 13 Mile Rd, Farmingtn Hls, MI, 48334 EIN 36-2296657 Since 2008
Revenue (FY2024)
$1.5M
▲ 8.0% vs prior year
Housing median: $408K
Expenses (FY2024)
$1.2M
Net assets
-$1.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mdbm-drake Senior Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mdbm-drake Senior Housing Corporation: 0 mo reserves · +21% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mdbm-drake Senior Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mdbm-drake Senior Housing Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 30301 W 13 Mile Rd, Farmingtn Hls, MI, 48334
- City
- Farmingtn Hls
- State
- Michigan
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue grew from $936K (FY2017) to $1.5M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.2MNet assets -$1.4M
Operating margin
20.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8M
Total liabilities
$3.2M
Net assets
-$1.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,535,236▲8.0% | $1,216,453▲2.5% | -$1,403,072▲18.5% | $1,753,405▲4.7% | 990 |
| 2023 | $1,421,526▲10.7% | $1,186,911▼7.1% | -$1,721,855▲12.0% | $1,674,848▲6.6% | 990 |
| 2022 | $1,284,352▲30.9% | $1,277,529▲18.3% | -$1,956,470▲0.3% | $1,571,875▼14.2% | 990 |
| 2021 | $981,471▲0.6% | $1,079,732▼0.8% | -$1,963,293▼5.3% | $1,832,185▼6.8% | 990 |
| 2020 | $975,653 | $1,088,966▲2.0% | -$1,865,032▼6.5% | $1,964,870▼0.1% | 990 |
| 2019 | $975,376▲4.1% | $1,067,261▲0.6% | -$1,751,719▼5.5% | $1,967,309▼10.7% | 990 |
| 2018 | $937,318▲0.2% | $1,060,895▲1.8% | -$1,659,833▼8.0% | $2,204,102▼7.9% | 990 |
| 2017 | $935,827 | $1,041,861 | -$1,536,256 | $2,392,691 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Similar organizations in Housing
- Housing
International Union United Auto Aerospace & Agricultural Workers
Pontiac, MI
$1.5M
C+annual revenue
Housing
Ann Arbor Affordable Housing Corporation
Ann Arbor, MI
$1.5M
Bannual revenue
Housing
Macomb County Rotating Emergency Shelter Team
Mount Clemens, MI
$1.5M
C+annual revenue
Housing
New Horizons Non Profit Apartments Inc
Warren, MI
$1.5M
Dannual revenue
- Housing
Midland Kings Daughters Endowment Fund
Midland, MI
$1.5M
Dannual revenue
Housing
Homestretch Nonprofit Housing Corporation
Traverse City, MI
$1.5M
Bannual revenue
Housing
Haven House
East Lansing, MI
$1.6M
Bannual revenue
Housing
Lutheran Homes of Michigan Foundation
Saginaw, MI
$1.6M
Bannual revenue
Bishop Non-profit Housing Corporation
Warren, MI
$1.6M
Dannual revenue
Housing
Emergency Shelter Services Inc
Benton Harbor, MI
$1.6M
Bannual revenue
Compare Mdbm-drake Senior Housing Corporation
Frequently asked questions
- Is Mdbm-drake Senior Housing Corporation a legitimate nonprofit?
- Yes. Mdbm-drake Senior Housing Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2296657, based in Farmingtn Hls, Michigan. Donations are tax-deductible.
- What is Mdbm-drake Senior Housing Corporation's EIN?
- Mdbm-drake Senior Housing Corporation's Employer Identification Number (EIN) is 36-2296657.
- How much revenue does Mdbm-drake Senior Housing Corporation report?
- Mdbm-drake Senior Housing Corporation reported $1,535,236 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mdbm-drake Senior Housing Corporation have?
- CharityIndex grades Mdbm-drake Senior Housing Corporation F, based on financial health (reserves and operating margin).
More nonprofits in Farmingtn Hls
Explore more
Data for Mdbm-drake Senior Housing Corporation (EIN 36-2296657) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.