Lighthouse MI
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Lighthouse MI meets the 20 Standards for Charity Accountability.
Stated Purpose:
At Lighthouse MI, our mission is to build equitable communities that alleviate poverty in partnership with and in service to individuals, families, and organizations. Our strategy includes addressing the immediate needs of people in crisis, providing long-term housing and economic solutions, and creating systems change largely by addressing affordable housing gaps throughout Oakland County.
Year, State Incorporated:
1988, MI
Also Known As:
Lighthouse of Oakland County South Oakland Shelter
Lighthouse MI formed in 2019 from the merger of two long standing and esteemed community organizations: South Oakland Shelter (SOS) and Lighthouse of Oakland County (LOC). Both SOS and LOC launched over thirty years ago to address critical gaps in basic services, primarily food and shelter. Over time, they evolved to tackle the deeper issues of poverty and inequity, with a significant emphasis on affordable housing. Building on a legacy of grassroots, community-driven solutions, Lighthouse currently provides a range of vital services - from emergency food distribution, to emergency shelter (including the county’s only youth shelter), to supportive services and follow-up care. Additionally, Lighthouse is committed to addressing the shortage of quality, affordable housing in our community. In Pontiac, we operate 286 affordable rental apartment units, single-family homes, and duplexes and currently have 271 new affordable units under development in Oakland and Wayne County to meet the growing demand for low-income housing.
For the year ended June 30, 2023, Lighthouse MI's program expenses were:
| Programs | $13,093,214 |
| Total Program Expenses | $13,093,214 |
Chief Executive
Ryan Hertz, CEO
Compensation*
$238,947
Chair of the Board
Jackie Buchanan, President/CEO
Chair's Profession / Business Affiliation
Genisys Credit Union
Board Size
18
Paid Staff Size
65
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Lighthouse MI's audited financial statements - consolidated for the year ended June 30, 2023.
Source of Funds
| Government Grants | $7,875,190 |
| Donated Goods and Services | $3,389,477 |
| Foundations and Community Trusts | $2,678,780 |
| General Contributions | $2,012,141 |
| Gain on Acquisition | $1,743,608 |
| Developer Fee | $752,384 |
| Events Revenue | $675,287 |
| Investment Gain | $509,578 |
| Rental Income | $372,183 |
| Forgiveness of Note Payable | $217,506 |
| Miscellaneous Income | $44,087 |
| Total Income | $20,270,221 |
Programs: 80% Fundraising: 11% Administrative: 9%
| Total Income | $20,270,221 |
| Total expenses: | $16,308,283 |
| Program expenses | $13,093,214 |
| Fundraising expenses | $1,799,333 |
| Administrative expenses | $1,415,736 |
| Other expenses | $0 |
| Income in Excess of Expenses | $3,961,938 |
| Beginning Net Assets | $11,180,987 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $15,142,925 |
| Total Liabilities | $2,916,473 |
| Total Assets | $18,059,398 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Review in Progress
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Report completed by:
BBB Serving Western Michigan