Charity Search / MARLETTE SENIOR LIVING
Housing & Shelter (L22) 990 on File

MARLETTE SENIOR LIVING

EIN: 84-3210271 · MARLETTE, MI 48453-1187 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 92/100
Reliability (20%) 45/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$1.1M
Total Revenue
$2.9M
Total Expenses
$10.7M
Net Assets
28
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 84.2%
Fundraising Efficiency N/A
Operating Reserve 44.43x
Liability-to-Asset 1.9%
Revenue Diversification 95.5%
Compared with Peers
FY 2024
Compared with 2,575 similar organizations (United States, Housing & Shelter, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
84.2% 87.2%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
15.8% 10.3%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
44.4 mo 12.6 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
1.9% 39.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
95.5% 89.9%
P10P90
Below median
Revenue growth
Year over year revenue growth
204.5% 6.5%
P10P90
Expense growth
Year over year expense growth
171.7% 6.9%
P10P90
Surplus margin
Surplus as a share of revenue
-157.0% 3.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $1.1M $2.9M $10.7M 84.2% 28
2023 $368K $1.1M $-1,407,137 89.3% 39
2022 $205K $192K $-9,415 76.3% 0
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Organization Details
EIN
84-3210271
State
MI
City
MARLETTE
ZIP
48453-1187
Classification
L22
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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