Civic Intelligence

Micholdings Inc

990 • Fiscal year 2016 • EIN 20-2112995

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 08, 2017

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

87th percentile

0.36x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

100th percentile

1528%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

3rd percentile

-87%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$27,848

Down $188,273 (-87%) from 2015

Net Assets

Down

$17,738

Down $160,886 (-90%) from 2015

Liabilities

Down

$10,110

Down $27,387 (-73%) from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$10,529

Down $11,550 (-1131%) from 2015

Expenses

Up

$150,357

Up $123,273 (+455%) from 2015

Net Income

Down

-$160,886

Down $134,823 (-517%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2016

Assets$27,848
Liabilities$10,110
Net Assets$17,738
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2016

Revenue-$10,529
Expenses$150,357
Net Income-$160,886
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 8, 2017
Return Version
2015v3.0
Gross Receipts
$22,359
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
Land, Buildings, and Equipment, Net$39,564--
Receivables From Officers Etc$170,769$27,678▼ $143,091
Cash and Non-Interest-Bearing Accounts$5,788$170▼ $5,618
Total Assets$216,121$27,848▼ $188,273
Liabilities
Other Liabilities$27,387--
Accounts Payable and Accrued Expenses$10,110$10,110→ $0
Total Liabilities$37,497$10,110▼ $27,387
Net Assets / Fund Balance
Unrestricted Net Assets$178,624$17,738▼ $160,886
Total Net Assets Fund Balance$178,624$17,738▼ $160,886
Total Liabilities and Net Assets / Fund Balance$216,121$27,848▼ $188,273
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Ikechukwu OdumPresident
Andrew MckinneyDirector
Charles WattsDirector
Chris OmekamDirector
Kayla MasonSecretary
Perpetua BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,674
Investment Income
$-13,203
Other Revenue
$0
Change in Net Assets
$-160,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$150,357
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
Fees for Services Other$143,073--$143,073
Depreciation Depletion-$6,676-$6,676
Other Expenses-$608-$608
Total Functional Expenses$143,073$7,284$0$150,357
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
Ifeoma OdumDaughterWagesNo-
Ike Odum JrSonWagesNo-
Nneka OdumDaughterWagesNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$170,769$27,678▼ $143,091
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
Ikechukwu Odum
Title
President
Phone
7348834071
Signed
2017-08-08

Organization Details

Principal Officer
Ikechukwu Odum
Formed
2005
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
5
Employees
0

Preparer

Firm
Schlaupitz & Madhavan Pc
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 143,073 0 0”

Raw XML Appendix326 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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IRS990/USAddress/CityNm0YPSILANTI
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048197
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.MICHOLDINGS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0IKECHUKWU ODUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07348834071
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-08
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 PC
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/PreparationDt02017-08-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL T ALLEMAN
ReturnHeader/ReturnTs02017-08-09T09:08:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,848
Liabilities
$10,110
Net assets
$17,738
Revenue
-$10,529
Expenses
$150,357
Net income
-$160,886
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