Civic Intelligence

Dwelling Place Foundation

990 • Fiscal year 2020 • EIN 20-2584283

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 05, 2021

101 Sheldon Blvd SE Ste 2Grand Rapids, MI 49503-4262

(616) 454-0928

Siviq Scores

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

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$209,379

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 215.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

54th percentile

7.4%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

66%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,468,722

Up $101,630 (+7.4%) from 2019

Net Assets

Up

$1,463,847

Up $100,295 (+7.4%) from 2019

Liabilities

Up

$4,875

Up $1,335 (+38%) from 2019

Revenue

Up

$96,994

Up $38,485 (+66%) from 2019

Expenses

Down

$1,336

Down $39,915 (-97%) from 2019

Net Income

Up

$95,658

Up $78,400 (+454%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $73,695Liabilities 2010: $0Net Assets 2010: $73,6952010Assets 2011: $117,909Liabilities 2011: $0Net Assets 2011: $117,9092011Assets 2012: $116,875Liabilities 2012: $0Net Assets 2012: $116,8752012Assets 2013: $115,840Liabilities 2013: $0Net Assets 2013: $115,8402013Assets 2014: $124,832Liabilities 2014: $0Net Assets 2014: $124,8322014Assets 2015: $123,825Liabilities 2015: $0Net Assets 2015: $123,8252015Assets 2016: $1,202,386Liabilities 2016: $1,291Net Assets 2016: $1,201,0952016Assets 2017: $1,292,484Liabilities 2017: $1,168Net Assets 2017: $1,291,3162017Assets 2018: $1,217,822Liabilities 2018: $2,289Net Assets 2018: $1,215,5332018Assets 2019: $1,367,092Liabilities 2019: $3,540Net Assets 2019: $1,363,5522019Assets 2020: $1,468,722Liabilities 2020: $4,875Net Assets 2020: $1,463,8472020Assets 2021: $1,611,507Liabilities 2021: $5,995Net Assets 2021: $1,605,5122021Assets 2022: $1,423,488Liabilities 2022: $7,115Net Assets 2022: $1,416,3732022Assets 2023: $1,610,512Liabilities 2023: $8,720Net Assets 2023: $1,601,7922023Assets 2024: $1,787,598Liabilities 2024: $10,940Net Assets 2024: $1,776,6582024

Highlighted filing

2020

Assets$1,468,722
Liabilities$4,875
Net Assets$1,463,847

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $26,610Expenses 2010: $1,637Net Income 2010: $24,9732010Revenue 2011: $45,209Expenses 2011: $995Net Income 2011: $44,2142011Revenue 2012: $13Expenses 2012: $1,047Net Income 2012: -$1,0342012Revenue 2013: $12Expenses 2013: $1,047Net Income 2013: -$1,0352013Revenue 2014: $10,012Expenses 2014: $1,020Net Income 2014: $8,9922014Revenue 2015: $12Expenses 2015: $1,019Net Income 2015: -$1,0072015Revenue 2016: $1,026,926Expenses 2016: $8,019Net Income 2016: $1,018,9072016Revenue 2017: $51,455Expenses 2017: $69,715Net Income 2017: -$18,2602017Revenue 2018: $31,393Expenses 2018: $1,121Net Income 2018: $30,2722018Revenue 2019: $58,509Expenses 2019: $41,251Net Income 2019: $17,2582019Revenue 2020: $96,994Expenses 2020: $1,336Net Income 2020: $95,6582020Revenue 2021: $31,920Expenses 2021: $1,120Net Income 2021: $30,8002021Revenue 2022: -$37,769Expenses 2022: $1,120Net Income 2022: -$38,8892022Revenue 2023: $79,888Expenses 2023: $1,605Net Income 2023: $78,2832023Revenue 2024: $105,653Expenses 2024: $2,221Net Income 2024: $103,4322024

Highlighted filing

2020

Revenue$96,994
Expenses$1,336
Net Income$95,658
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 5, 2021
Return Version
2020v4.1
Gross Receipts
$416,860
Mission and Program Overview

Mission

Support dwelling place of grand rapids nphc and related nonprofit affiliates

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,367,092$1,468,722▲ $101,630
Total Assets$1,367,092$1,468,722▲ $101,630
Liabilities
Accounts Payable and Accrued Expenses$3,540$4,875▲ $1,335
Total Liabilities$3,540$4,875▲ $1,335
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,363,552$1,463,847▲ $100,295
Total Net Assets Fund Balance$1,363,552$1,463,847▲ $100,295
Total Liabilities and Net Assets / Fund Balance$1,367,092$1,468,722▲ $101,630
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dennis SturtevantPresident
Juan Daniel CastroVice President
Annamarie BullerTrustee
Kyle IrwinTrustee
Steve ReckerChief Financial Officer
Kim CrossChief Operating Officer
Francine GastonSecretary
David ByersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$96,886
Other Revenue
$108
Change in Net Assets
$95,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,336
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 Accounting-$1,100-$1,100
Fees for Services Legal-$216-$216
Other Expenses-$20-$20
Total Functional Expenses$0$1,336$0$1,336
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Draft form 990 is available for review by the board of directors before filing. After a set time period, if no comments from the board, management will approve the 990 to be filed.

Form 990, Part VI, Section B, Line 12C

Board members complete a form annually. If a conflict exists, the member abstains from any related votes.

Form 990, Part VI, Section C, Line 19

Upon request, the organization will make its governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Dwelling Place Foundation
EIN
20-2584283
Phone
6164540928
Address
101 SHELDON BLVD SE STE 2, GRAND RAPIDS, MI 49503-4262

Signing Officer

Name
Jeremy Deroo
Title
President
Phone
6164540928
Signed
2021-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Deroo
Formed
2004
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Beene Garter Llp
Address
56 GRANDVILLE AVE SW STE 100, GRAND RAPIDS, MI 49503
Preparer
Carol L Hubbard CPA Cpim
Phone
6162355200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C: OVERSIGHT OF THE AUDIT

Finance committee approves the audited financial statements. No change in this process from the prior year.

Financial Statement Notes

PART X, LINE 2:

Tax positions taken are assessed for uncertainty and a provision may be recorded if a tax position is not likely to be sustained upon examination.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DWELLING PLACE FOUNDATION SUPPORTS HEARSTIDE NONPROFIT HOUSING CORPORATION, ELDMALE APARTMENTS NPHC, DWELLING PLACE OF GRAND RAPIDS NPHC, AND SAWKAW, INC. DWELLING PLACE OF GRAND RAPIDS NPHC IS INCLUDED IN THE ORGANIZATION'S GOVERNING DOCUMENTS AS A SUPPORTED ORGANIZATION. HEARTSIDE NPHC, ELMDALE APARTMENTS NPHC, AND SAWKAW, INC. ARE RELATED ENTITIES THAT HAVE A CONTINUING RELATIONSHIP WITH DWELLING PLACE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1SAWKAW, THE SUPPORTED ORGANIZATION, RECEIVES THE 97% OF ITS REVENUE FROM LOW-INCOME TENANTS OR HUD SUBSIDIES FOR RENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THERE WAS NO SUPPORT PROVIDED IN THE CURRENT YEAR. SAWKAW PROVIDES HOUSING TO LOW-INCOME INDIVIDUALS.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ELMDALE APARTMENTS NPHC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1HEARTSIDE NONPROFIT HOUSING CORPORATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2DWELLING PLACE OF GRAND RAPIDS NPHC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3SAWKAW INC
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TAX POSITIONS TAKEN ARE ASSESSED FOR UNCERTAINTY AND A PROVISION MAY BE RECORDED IF A TAX POSITION IS NOT LIKELY TO BE SUSTAINED UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2144957
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt15884
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt25852
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt26552
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DENNIS STURTEVANT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KIM CROSS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2STEVE RECKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF FINANCIAL OFFICER
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SALARIES ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF DWELLING PLACE OF GRAND RAPIDS NPHC, A RELATED ENTITY. DWELLING PLACE PERIODICALLY PERFORMS A SALARY STUDY BASED ON COMPARABLE DATA FROM OUTSIDE SOURCES SPECIFIC TO NON-PROFITS AND/OR REAL ESATE/HOUSING MANAGEMENT INDUSTRY. THE DATA FROM THESE STUDIES AS WELL AS PERFORMANCE REVIEWS PROVIDE A BASIS FOR THE EXECUTIVE COMMITTEE'S SALARY DECISIONS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS BEFORE FILING. AFTER A SET TIME PERIOD, IF NO COMMENTS FROM THE BOARD, MANAGEMENT WILL APPROVE THE 990 TO BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS COMPLETE A FORM ANNUALLY. IF A CONFLICT EXISTS, THE MEMBER ABSTAINS FROM ANY RELATED VOTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCE COMMITTEE APPROVES THE AUDITED FINANCIAL STATEMENTS. NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C: OVERSIGHT OF THE AUDIT
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd230
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd7N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd10N/A
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.01$1.78$0.11$0.00$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$0.08$0.00$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.42$0.01$1.42$0.04$0.00$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.61$0.03$0.00$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.46$0.10$0.00$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.36$0.06$0.04$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.03$0.00$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.05$0.07$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$1.03$0.01$1.02
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.01$0.00$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.00$0.00$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$0.05$0.00$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.03$0.00$0.02