Civic Intelligence

Kalamazoo Collective Housing

990 • Fiscal year 2017 • EIN 20-4014598

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

315 W Michigan AvenueKalamazoo, MI 49007

(269) 340-0344

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.20x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

0.53x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$19,593

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

75th percentile

25%

Faster asset growth than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$402,705

Up $79,488 (+25%) from 2016

Net Assets

Up

$323,677

Up $33,353 (+11%) from 2016

Liabilities

Up

$79,028

Up $46,135 (+140%) from 2016

Revenue

Up

$149,518

Up $37,752 (+34%) from 2016

Expenses

Down

$116,165

Down $3,404 (-2.8%) from 2016

Net Income

Up

$33,353

Up $41,156 (+527%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $194,115Liabilities 2011: $20,384Net Assets 2011: $173,7312011Assets 2012: $144,818Liabilities 2012: $20,059Net Assets 2012: $124,7592012Assets 2013: $238,054Liabilities 2013: $17,687Net Assets 2013: $220,3672013Assets 2014: $233,941Liabilities 2014: $20,676Net Assets 2014: $213,2652014Assets 2015: $319,717Liabilities 2015: $24,065Net Assets 2015: $295,6522015Assets 2016: $323,217Liabilities 2016: $32,893Net Assets 2016: $290,3242016Assets 2017: $402,705Liabilities 2017: $79,028Net Assets 2017: $323,6772017Assets 2018: $407,411Liabilities 2018: $76,718Net Assets 2018: $330,6932018Assets 2019: $497,881Liabilities 2019: $101,473Net Assets 2019: $396,4082019Assets 2020: $799,172Liabilities 2020: $179,035Net Assets 2020: $620,1372020Assets 2021: $1,002,482Liabilities 2021: $173,351Net Assets 2021: $829,1312021Assets 2022: $1,221,246Liabilities 2022: $164,105Net Assets 2022: $1,057,1412022Assets 2023: $1,301,962Liabilities 2023: $159,642Net Assets 2023: $1,142,3202023Assets 2024: $1,358,412Liabilities 2024: $152,528Net Assets 2024: $1,205,8842024

Highlighted filing

2017

Assets$402,705
Liabilities$79,028
Net Assets$323,677

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $54,4672011Expenses 2012: $86,8832012Expenses 2013: $113,8892013Revenue 2014: $104,523Expenses 2014: $111,501Net Income 2014: -$6,9782014Revenue 2015: $203,376Expenses 2015: $122,401Net Income 2015: $80,9752015Revenue 2016: $111,766Expenses 2016: $119,569Net Income 2016: -$7,8032016Revenue 2017: $149,518Expenses 2017: $116,165Net Income 2017: $33,3532017Revenue 2018: $155,907Expenses 2018: $148,891Net Income 2018: $7,0162018Revenue 2019: $242,360Expenses 2019: $176,645Net Income 2019: $65,7152019Revenue 2020: $360,639Expenses 2020: $136,910Net Income 2020: $223,7292020Revenue 2021: $401,495Expenses 2021: $192,784Net Income 2021: $208,7112021Revenue 2022: $489,992Expenses 2022: $261,982Net Income 2022: $228,0102022Revenue 2023: $414,492Expenses 2023: $329,313Net Income 2023: $85,1792023Revenue 2024: $418,734Expenses 2024: $358,282Net Income 2024: $60,4522024

Highlighted filing

2017

Revenue$149,518
Expenses$116,165
Net Income$33,353
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$149,518
Mission and Program Overview

Mission

We provide nonprofit, sustainable housing; empower people to create democratic cooperatives; and strengthen our community through shared resources and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$230,002$346,606▲ $116,604
Savings and Temporary Cash Investments-$52,059-
Cash and Non-Interest-Bearing Accounts$93,215$3,390▼ $89,825
Investments Program Related-$650-
Total Assets$323,217$402,705▲ $79,488
Liabilities
Mortgage Notes Payable Secured by Investment Property-$55,533-
Accounts Payable and Accrued Expenses$20,881--
Other Liabilities$0$14,040▲ $14,040
Unsecured Notes Loans Payable$12,012$9,455▼ $2,557
Total Liabilities$32,893$79,028▲ $46,135
Net Assets / Fund Balance
Unrestricted Net Assets$290,324$323,677▲ $33,353
Total Net Assets Fund Balance$290,324$323,677▲ $33,353
Total Liabilities and Net Assets / Fund Balance$323,217$402,705▲ $79,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$329,515$37,921$367,436
Land$15,000-$15,000
Leasehold Improvements$2,091$131$2,222
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt LechelExecutive DirectorPT$18,557$1,036$19,593
Chris MooreExecutive DirectorPT$3,501$550$4,051

Board Members and Trustees

NameTitle
Carrie MeyerChair
Michael PirkolaVice Chair
Andrew AlmDirector
Hope ThomasDirector
Jakob StrohauerDirector
Margaret BennetDirector
Max JensenDirector
Jay KimSecretary
Elizabeth Sell-kimbleTreasurer
Katie StrohauerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,300
Program Service Revenue
$114,114
Investment Income
$104
Other Revenue
$0
All Other Contributions
$35,300
Change in Net Assets
$33,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,137
Salaries, Compensation, and Employee Benefits$23,903
Grants and Similar Amounts Paid$125
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$69,696$1,050-$70,746
Current Officers, Directors, Trustees, and Key Employees-$21,124-$21,124
Depreciation Depletion$7,170--$7,170
Fees for Services Accounting-$3,204-$3,204
All Other Expenses$1,422$711-$2,133
Office Expenses-$1,976-$1,976
Payroll Taxes-$1,529-$1,529
Other Employee Benefits-$1,250-$1,250
Insurance$567$283-$850
Other Expenses$456$228-$684
Information Technology$236--$236
Grants to Domestic Orgs$125--$125
Total Functional Expenses$84,810$31,355$0$116,165
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Security Deposits$14,040
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Katie strohauer and jakob strohauer have a family relationship.

Form 990, Part VI, Section A, Line 6

All residents of the properties are members of the cooperative.

Form 990, Part VI, Section A, Line 7A

The members of the cooperative elect the members of the governing body. The members of the governing body are elected on an annual basis and as vacancies arise.

Form 990, Part VI, Section A, Line 7B

The members of the cooperative have the right to approve the significant decisions of the governing body such as the purchase and sale of real estate.

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

The prepared form 990 is reviewed by the executive director and certain officers before the return is filed with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kalamazoo Collective Housing
EIN
20-4014598
Phone
2693400344
Address
315 W MICHIGAN AVENUE, KALAMAZOO, MI 49007

Signing Officer

Name
Chris Moore
Title
Executive Director
Phone
2693400344
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Moore
Formed
2008
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
30

Preparer

Firm
Wegner Cpas Llp
Address
2110 LUANN LN, MADISON, WI 53713-3074
Preparer
Bruce Mayer CPA
Phone
6082744020
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt033353
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0114114
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052059
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt035300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt035300
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0104
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt083
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0156
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0114114
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0111766
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0203376
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0104440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0158505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0692201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0104
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt083
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0156
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0343
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt0727501
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0149414
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0111766
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0203376
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0104440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0158505
IRS990ScheduleA/Total509Grp/TotalAmt0727501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0149518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0111766
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0203376
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0104523
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0158661
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0727844
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0329515
IRS990ScheduleD/BuildingsGrp/DepreciationAmt037921
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0367436
IRS990ScheduleD/LandGrp/BookValueAmt015000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02091
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0131
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014040
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0346606
IRS990ScheduleD/TotalLiabilityAmt014040
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KATIE STROHAUER AND JAKOB STROHAUER HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL RESIDENTS OF THE PROPERTIES ARE MEMBERS OF THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE COOPERATIVE ELECT THE MEMBERS OF THE GOVERNING BODY. THE MEMBERS OF THE GOVERNING BODY ARE ELECTED ON AN ANNUAL BASIS AND AS VACANCIES ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS OF THE COOPERATIVE HAVE THE RIGHT TO APPROVE THE SIGNIFICANT DECISIONS OF THE GOVERNING BODY SUCH AS THE PURCHASE AND SALE OF REAL ESTATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PREPARED FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND CERTAIN OFFICERS BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0323217
IRS990/TotalAssetsEOYAmt0402705
IRS990/TotalAssetsGrp/BOYAmt0323217
IRS990/TotalAssetsGrp/EOYAmt0402705
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt035300
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031355
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084810
IRS990/TotalFunctionalExpensesGrp/TotalAmt0116165
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032893
IRS990/TotalLiabilitiesEOYAmt079028
IRS990/TotalLiabilitiesGrp/BOYAmt032893
IRS990/TotalLiabilitiesGrp/EOYAmt079028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0290324
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0323677
IRS990/TotalOtherCompensationAmt01586
IRS990/TotalProgramServiceExpensesAmt084810
IRS990/TotalProgramServiceRevenueAmt0114114
IRS990/TotalReportableCompFromOrgAmt022058
IRS990/TotalRevenueGrp/ExclusionAmt0104
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0114114
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0149518
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0323217
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0402705
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0290324
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0323677
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt012012
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt09455
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0315 W MICHIGAN AVENUE
IRS990/USAddress/CityNm0KALAMAZOO
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049007

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.15$1.21$0.42$0.36$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.16$1.14$0.41$0.33$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.16$1.06$0.49$0.26$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.17$0.83$0.40$0.19$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.80$0.18$0.62$0.36$0.14$0.22
2019Detailed filing. Detailed filing data is available for this year.$0.50$0.10$0.40$0.24$0.18$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.41$0.08$0.33$0.16$0.15$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.08$0.32$0.15$0.12$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.03$0.29$0.11$0.12$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.02$0.30$0.20$0.12$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.02$0.21$0.10$0.11$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.02$0.22$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.02$0.12$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.02$0.17$0.05