Evangelical Homes of Michigan Foundation
Nonprofit profile at a glance
- EIN
- 814001272
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Saline, MI, USA
- Phone
- 7342952220
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
- Affiliation
- Christianity
Reported finances
- Revenue
- $428,858
- Expenses
- $198,066
- Assets
- $2,492,159
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- THOMAS HOSINSKI (CHIEF EXECUTIVE OFFICER (TIL 9/24))
- KARI RENNIE (PRESIDENT & CEO (START 3/25))
Highest reported compensation
- THOMAS HOSINSKI (CHIEF EXECUTIVE OFFICER (TIL 9/24)): $280,397 total reported compensation
- JULIA A WIEWIORA (CHIEF FINANCIAL OFFICER (TIL 5/24)): $99,942 total reported compensation
- STEVE HOLDA (CHIEF FINANCIAL OFFICER (START 11/24)): $16,827 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Evangelical homes of Michigan foundation supports the evangelical homes of Michigan through fundraising. The foundation believes that the social profit of an organization can be determined by the impact it has on the communities in which it does business and its wider impact on the world. It is the mission of the evangelical homes of Michigan, a health and human service ministry related to the united church of christ to provide health and housing services to persons who are elderly in a manner which their rights, dignity, and worth as children of god, and to render those services
What it reported doing in 2024
The foundation raises funds for the evangelical homes of Michigan primarily through sponsorships. These funds will be used to support the charitable care of evangelical homes of Michigan dba ehm senior solutions.
Operating model
- Revenue model
- Donor-supported. 92% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 65
- Accountability: 91
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.9%; rating input score 39
- Program expense ratio: 84.2%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 53.8%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 12.58; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 8.2%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 14.3% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 23.4% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 29.4% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 38.9% of revenue deployed · 84.2% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $167K in reported program spending
- Leadership: top reported pay $280K · 11 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.