PLATINUM2023

Matan B-Seter

Supporting Our Community

Southfield, MI   |  matandet.org
GuideStar Charity Check

Matan B-Seter

EIN: 38-2884963


Mission

Support the financial self-sufficiency and stability of our community members by providing discreet financial assistance, and guidance.

Ruling year info

1989

President

Rabbi Menachem Greenfield

Main address

15699 Jeanette St

Southfield, MI 48075 USA

Show more contact info

EIN

38-2884963

Subject area info

Human services

Population served info

Economically disadvantaged people

NTEE code info

Human Service Organizations (P20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Emergency Fund Distribution

We distribute emergency funds to locally qualified individuals.

Population(s) Served
Unemployed people
Economically disadvantaged people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Average number of service recipients per month

This metric is no longer tracked.
Totals By Year
Related Program

Emergency Fund Distribution

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Provide an address for relief to those in severe financial distress in our community.

The ability to provide funds, other services, or other directed relief as needed.

Financials

Matan B-Seter
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

3.3

Average of 2.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Matan B-Seter

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Matan B-Seter

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Matan B-Seter

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Matan B-Seter’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$7,353 -$36,296 $79,476 $43,825 -$25,988
As % of expenses -2.7% -13.4% 25.8% 10.8% -5.5%
Unrestricted surplus (deficit) after depreciation -$7,353 -$36,296 $79,476 $43,825 -$25,988
As % of expenses -2.7% -13.4% 25.8% 10.8% -5.5%
Revenue composition info
Total revenue (unrestricted & restricted) $267,120 $234,011 $387,414 $450,719 $449,912
Total revenue, % change over prior year -1.1% -12.4% 65.6% 16.3% -0.2%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 100.0% 100.0% 100.0% 100.0%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $274,473 $270,307 $307,938 $406,894 $475,900
Total expenses, % change over prior year 9.2% -1.5% 13.9% 32.1% 17.0%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.2% 0.2% 2.2% 0.2% 1.0%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 99.8% 99.7% 97.1% 99.8% 99.0%
All other expenses 0.0% 0.1% 0.8% 0.0% 0.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $274,473 $270,307 $307,938 $406,894 $475,900
One month of savings $22,873 $22,526 $25,662 $33,908 $39,658
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $297,346 $292,833 $333,600 $440,802 $515,558

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.1 1.5 4.4 4.6 3.3
Months of cash and investments 3.1 1.5 4.4 4.6 3.3
Months of estimated liquid unrestricted net assets 3.1 1.5 4.4 4.6 3.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $70,145 $33,759 $113,235 $157,060 $131,072
Investments $0 $0 $0 $0 $0
Receivables -$90 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0% 0.0% 0.0% 0.0%
Unrestricted net assets $70,055 $33,759 $113,235 $157,060 $131,072
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $70,055 $33,759 $113,235 $157,060 $131,072

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President

Rabbi Menachem Greenfield

Number of employees

Source: IRS Form 990

Matan B-Seter

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Matan B-Seter

Board of directors
as of 12/02/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Stuart Snider

David Tenenbaum

Daniel Weingarden