Civic Intelligence

Micholdings Inc

990 • Fiscal year 2015 • EIN 20-2112995

Oct 01, 2014 to Sep 30, 2015 • Filed on May 11, 2016

Organization ProfileWWW.MICHOLDINGS.COM
2004 Hogback Ste 7Ann Arbor, MI 48105

(734) 883-4071

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.17x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

100th percentile

36.73x

Higher debt load relative to revenue than 100% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-2553%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

11th percentile

-42%

Faster asset growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$216,121

Down $153,483 (-42%) from 2014

Net Assets

Down

$178,624

Down $26,063 (-13%) from 2014

Liabilities

Down

$37,497

Down $127,420 (-77%) from 2014

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$1,021

Down $2,739,927 (-100%) from 2014

Expenses

Down

$27,084

Down $2,907,521 (-99%) from 2014

Net Income

Up

-$26,063

Up $167,594 (+87%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $330,057Liabilities 2011: $95,149Net Assets 2011: $234,9082011Assets 2012: $462,221Liabilities 2012: $92,892Net Assets 2012: $369,3292012Assets 2013: $602,244Liabilities 2013: $201,070Net Assets 2013: $401,1742013Assets 2014: $369,604Liabilities 2014: $164,917Net Assets 2014: $204,6872014Assets 2015: $216,121Liabilities 2015: $37,497Net Assets 2015: $178,6242015Assets 2016: $27,848Liabilities 2016: $10,110Net Assets 2016: $17,7382016

Highlighted filing

2015

Assets$216,121
Liabilities$37,497
Net Assets$178,624
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,786,338Expenses 2011: $1,702,833Net Income 2011: $83,5052011Expenses 2012: $2,128,7692012Expenses 2013: $2,941,5282013Revenue 2014: $2,740,948Expenses 2014: $2,934,605Net Income 2014: -$193,6572014Revenue 2015: $1,021Expenses 2015: $27,084Net Income 2015: -$26,0632015Revenue 2016: -$10,529Expenses 2016: $150,357Net Income 2016: -$160,8862016

Highlighted filing

2015

Revenue$1,021
Expenses$27,084
Net Income-$26,063
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$1,021
Mission and Program Overview

Mission

Provide residential services to persons, primarily located in michigan, who are developmentally disabled, physically handicapped, mentally ill, or traumatically brain injured

Balance Sheet Detail
LineBeginningEndChange
Assets
Receivables From Officers Etc$91,490$170,769▲ $79,279
Accounts Receivable$126,109--
Other Notes and Loans Receivable, Net$92,644--
Land, Buildings, and Equipment, Net$56,429$39,564▼ $16,865
Cash and Non-Interest-Bearing Accounts$2,932$5,788▲ $2,856
Total Assets$369,604$216,121▼ $153,483
Liabilities
Other Liabilities$45,968$27,387▼ $18,581
Accounts Payable and Accrued Expenses$118,949$10,110▼ $108,839
Total Liabilities$164,917$37,497▼ $127,420
Net Assets / Fund Balance
Unrestricted Net Assets$204,687$178,624▼ $26,063
Total Net Assets Fund Balance$204,687$178,624▼ $26,063
Total Liabilities and Net Assets / Fund Balance$369,604$216,121▼ $153,483

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$39,564$35,675$75,239
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Ikechukwu OdumPresident
Charles WattsDirector
Chris OmekamDirector
Jeremy MartinsDirector
Kayla MasonSecretary
Perpetua BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,021
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-26,063

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,021
Total Revenue per Audited Statements
$1,021
Total Revenue per Form 990
$1,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$16,865-$16,865
Fees for Services Other$9,496--$9,496
Other Expenses-$723-$723
Total Functional Expenses$9,496$17,588$0$27,084

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$27,084
Total Expenses per Audited Statements$27,084
Total Expenses per Form 990$27,084
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ike Odum JrSonWagesNo$11,195
Nneka OdumDaughterWagesNo$10,319
Ifeoma OdumDaughterWagesNo$4,280

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$91,490$170,769▲ $79,279
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Auto Loan$27,387
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the president before filing”

Form 990, Page 6, Part VI, Line 15A

“Annual reviews / performance evaluation”

Form 990, Page 6, Part VI, Line 15B

“Annual reviews / performance evaluation”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Micholdings Inc
EIN
20-2112995
Phone
7348834071
Address
2004 HOGBACK STE 7, ANN ARBOR, MI 48105

Signing Officer

Name
Ike Odum
Title
President
Phone
7348834071
Signed
2016-05-11

Organization Details

Formed
2005
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
5
Employees
176

Preparer

Firm
Schlaupitz & Madhavan Pllc
Address
1785 W STADIUM BLVD STE 101, ANN ARBOR, MI 48103-5285
Preparer
Daniel T Alleman
Phone
7346656688
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees 9,496 0 0”

Raw XML Appendix344 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0369604
IRS990/TotalAssetsEOYAmt0216121
IRS990/TotalAssetsGrp/BOYAmt0369604
IRS990/TotalAssetsGrp/EOYAmt0216121
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt0176
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017588
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09496
IRS990/TotalFunctionalExpensesGrp/TotalAmt027084
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0164917
IRS990/TotalLiabilitiesEOYAmt037497
IRS990/TotalLiabilitiesGrp/BOYAmt0164917
IRS990/TotalLiabilitiesGrp/EOYAmt037497
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0204687
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0178624
IRS990/TotalProgramServiceExpensesAmt09496
IRS990/TotalProgramServiceRevenueAmt01021
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01021
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01021
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0369604
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0216121
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0204687
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0178624
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MICHOLDINGS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0IKE ODUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07348834071
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHOLDINGS INC
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0202112995
ReturnHeader/Filer/PhoneNum07348834071
ReturnHeader/Filer/USAddress/AddressLine1Txt02004 HOGBACK STE 7
ReturnHeader/Filer/USAddress/CityNm0ANN ARBOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048105
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753148637
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLAUPITZ & MADHAVAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01785 W STADIUM BLVD STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANN ARBOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0481035285
ReturnHeader/PreparerPersonGrp/PhoneNum07346656688
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL T ALLEMAN
ReturnHeader/ReturnTs02016-08-10T14:52:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$216,121
Liabilities
$37,497
Net assets
$178,624
Revenue
$1,021
Expenses
$27,084
Net income
-$26,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.01$0.15$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.04$0.18$0.00$0.03$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.16$0.20$2.74$2.93$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.20$0.40$2.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.09$0.37$2.13
2011Summary only. Only limited summary data is available for this year.$0.33$0.10$0.23$1.79$1.70$0.08