Civic Intelligence

Level Acres Nonprofit Housing Corporation

990 • Fiscal year 2023 • EIN 23-7303789

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 01, 2024

Organization ProfilePROPERTIES.MEDALLIONMGMT.COM
419 South Coral StreetKalkaska, MI 49646

(231) 276-5065

Siviq Scores

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

Liabilities / Assets

57th percentile

0.04x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.08x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

54th percentile

6.0%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

49th percentile

3.4%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.9%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$593,971

Up $19,651 (+3.4%) from 2022

Net Assets

Up

$571,775

Up $15,820 (+2.8%) from 2022

Liabilities

Up

$22,196

Up $3,831 (+21%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin54th percentile

Revenue

Up

$264,850

Up $12,378 (+4.9%) from 2022

Expenses

Up

$249,030

Up $15,442 (+6.6%) from 2022

Net Income

Down

$15,820

Down $3,064 (-16%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$600K$400K$200K$0Assets 2012: $263,956Liabilities 2012: $30,782Net Assets 2012: $233,1742012Assets 2013: $299,318Liabilities 2013: $19,429Net Assets 2013: $279,8892013Assets 2014: $349,082Liabilities 2014: $17,612Net Assets 2014: $331,4702014Assets 2015: $393,369Liabilities 2015: $18,655Net Assets 2015: $374,7142015Assets 2016: $402,272Liabilities 2016: $22,397Net Assets 2016: $379,8752016Assets 2017: $418,697Liabilities 2017: $20,344Net Assets 2017: $398,3532017Assets 2018: $451,775Liabilities 2018: $18,506Net Assets 2018: $433,2692018Assets 2019: $488,584Liabilities 2019: $21,793Net Assets 2019: $466,7912019Assets 2020: $517,793Liabilities 2020: $23,731Net Assets 2020: $494,0622020Assets 2021: $556,917Liabilities 2021: $19,846Net Assets 2021: $537,0712021Assets 2022: $574,320Liabilities 2022: $18,365Net Assets 2022: $555,9552022Assets 2023: $593,971Liabilities 2023: $22,196Net Assets 2023: $571,7752023

Highlighted filing

2023

Assets$593,971
Liabilities$22,196
Net Assets$571,775
Open 2023 Filing

Operations Trend

Revenue Growth46th percentile

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

$300K$200K$100K$0Expenses 2012: $152,5502012Revenue 2013: $209,356Expenses 2013: $162,641Net Income 2013: $46,7152013Revenue 2014: $214,153Expenses 2014: $162,572Net Income 2014: $51,5812014Revenue 2015: $217,223Expenses 2015: $173,979Net Income 2015: $43,2442015Revenue 2016: $220,660Expenses 2016: $215,499Net Income 2016: $5,1612016Revenue 2017: $229,535Expenses 2017: $211,057Net Income 2017: $18,4782017Revenue 2018: $231,463Expenses 2018: $196,547Net Income 2018: $34,9162018Revenue 2019: $237,626Expenses 2019: $204,104Net Income 2019: $33,5222019Revenue 2020: $237,737Expenses 2020: $210,466Net Income 2020: $27,2712020Revenue 2021: $247,257Expenses 2021: $204,248Net Income 2021: $43,0092021Revenue 2022: $252,472Expenses 2022: $233,588Net Income 2022: $18,8842022Revenue 2023: $264,850Expenses 2023: $249,030Net Income 2023: $15,8202023

Highlighted filing

2023

Revenue$264,850
Expenses$249,030
Net Income$15,820
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 1, 2024
Return Version
2023v5.0
Gross Receipts
$264,850
Mission and Program Overview

Mission

LOW INCOME HOUSING.

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$282,339$269,006▼ $13,333
Cash and Non-Interest-Bearing Accounts$141,926$181,863▲ $39,937
Savings and Temporary Cash Investments$112,441$99,919▼ $12,522
Prepaid Expenses and Deferred Charges$15,679$18,188▲ $2,509
Accounts Receivable$50$1,125▲ $1,075
Total Assets$574,320$593,971▲ $19,651
Other Assets Total$21,885$23,870▲ $1,985
Liabilities
Other Liabilities$12,807$14,158▲ $1,351
Accounts Payable and Accrued Expenses$4,109$6,610▲ $2,501
Deferred Revenue$1,449$1,428▼ $21
Total Liabilities$18,365$22,196▲ $3,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$555,955$571,775▲ $15,820
Total Net Assets Fund Balance$555,955$571,775▲ $15,820
Total Liabilities and Net Assets / Fund Balance$574,320$593,971▲ $19,651

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$210,637$645,488$856,125
Equipment$48,869$18,462$67,331
Land$9,500-$9,500
Other Land Buildings$0$2,868$2,868
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Bruce Zenner IiBoard Chair
Nelson CannonVice-chair
John RogersSecretary
Valerie ThornburgTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$263,039
Investment Income
$15
Other Revenue
$1,796
Change in Net Assets
$15,820

Audited Revenue Reconciliation

Revenue per Audited Statements
$264,850
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$264,850
Total Revenue per Form 990
$264,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,689
Salaries, Compensation, and Employee Benefits$62,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$60,129--$60,129
Other Salaries and Wages$49,426--$49,426
Insurance$22,305--$22,305
Fees for Services Management-$17,712-$17,712
Depreciation Depletion$13,333--$13,333
Office Expenses$10,594--$10,594
Other Employee Benefits$8,655--$8,655
All Other Expenses$4,311--$4,311
Payroll Taxes$4,260--$4,260
Fees for Services Accounting-$3,850-$3,850
Advertising$497--$497
Other Expenses$110--$110
Total Functional Expenses$227,468$21,562$0$249,030

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$249,030
Total Expenses per Audited Statements$249,030
Total Expenses per Form 990$249,030
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposits$14,158
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization uses management company, medallion management, inc. The organization has no employees.”

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

“The board of kalkaska memorial hospital appoints board members.”

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

“Board decisions regarding: 1. Changes to the articles of incorporation, 2. Mergers, acquisitions, consolidation, or reorganization plans, 3. Corporate property, 4. Operating budgets and capital expenditures, 5. Secured borrowings, 6. Changes to the mission, services or strategic goals, 7. Changes to the scope of the services and programs, and 8. Appointment or removal of the president, are subject to approval by kalkaska memorial hospital. Board members also have to be approved by hud.”

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

“The completed form 990 is distributed to all of the board members prior to a board meeting, at which meeting the form is reviewed and discussed. Subsequent to the board meeting the form 990 is filed.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Level Acres
EIN
23-7303789
Phone
2312765065
Address
419 SOUTH CORAL STREET, KALKASKA, MI 49646

Signing Officer

Name
Bruce Zenner Ii
Title
Board Chair
Phone
2312765065
Signed
2024-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Zenner Ii
Formed
1997
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Clark Schaefer Hackett & Co
Address
3505 COOLIDGE RD, EAST LANSING, MI 48823
Preparer
Natosha Carr
Phone
5173515508
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process did not change from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation accounts for uncertainty in income taxes in accordance with accounting standards codification for income taxes. This interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The corporation determined that all income tax filing positions would be sustained upon examination and accordingly, has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions as of december 31, 2023 and 2022.”

Raw XML AppendixShowing 400 of 448 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04109
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06610
IRS990/AccountsReceivableGrp/BOYAmt050
IRS990/AccountsReceivableGrp/EOYAmt01125
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LOW INCOME HOUSING
IRS990/AdvertisingGrp/ProgramServicesAmt0497
IRS990/AdvertisingGrp/TotalAmt0497
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04311
IRS990/AllOtherExpensesGrp/TotalAmt04311
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MEDALLION MANAGEMENT INC
IRS990/BooksInCareOfDetail/PhoneNum02693810350
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0834 KING HWY
IRS990/BooksInCareOfDetail/USAddress/CityNm0KALAMAZOO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049001
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0141926
IRS990/CashNonInterestBearingGrp/EOYAmt0181863
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt015
IRS990/CYOtherExpensesAmt0186689
IRS990/CYOtherRevenueAmt01796
IRS990/CYProgramServiceRevenueAmt0263039
IRS990/CYRevenuesLessExpensesAmt015820
IRS990/CYSalariesCompEmpBnftPaidAmt062341
IRS990/CYTotalExpensesAmt0249030
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0264850
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01449
IRS990/DeferredRevenueGrp/EOYAmt01428
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt013333
IRS990/DepreciationDepletionGrp/TotalAmt013333
IRS990/Desc0ORGANIZATION PROVIDES LOW INCOME HOUSING TO TENANTS IN HOUSING FINANCED BY HUD GUARANTEED LOANS. HUD SUBSIDIZES TENANTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0227468
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03850
IRS990/FeesForServicesAccountingGrp/TotalAmt03850
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt017712
IRS990/FeesForServicesManagementGrp/TotalAmt017712
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0NELSON CANNON
IRS990/Form990PartVIISectionAGrp/PersonNm1BRUCE ZENNER II
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm3VALERIE THORNBURG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0264850
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt022305
IRS990/InsuranceGrp/TotalAmt022305
IRS990/InvestmentIncomeGrp/ExclusionAmt015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0666818
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0282339
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0269006
IRS990/LandBldgEquipCostOrOtherBssAmt0935824
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LOW INCOME HOUSING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0555955
IRS990/NetAssetsOrFundBalancesEOYAmt0571775
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0555955
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0571775
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt060129
IRS990/OccupancyGrp/TotalAmt060129
IRS990/OfficeExpensesGrp/ProgramServicesAmt010594
IRS990/OfficeExpensesGrp/TotalAmt010594
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021885
IRS990/OtherAssetsTotalGrp/EOYAmt023870
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08655
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08655
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1SNOW REMOVAL
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt049309
IRS990/OtherExpensesGrp/ProgramServicesAmt14539
IRS990/OtherExpensesGrp/ProgramServicesAmt2110
IRS990/OtherExpensesGrp/TotalAmt049309
IRS990/OtherExpensesGrp/TotalAmt14539
IRS990/OtherExpensesGrp/TotalAmt2110
IRS990/OtherLiabilitiesGrp/BOYAmt012807
IRS990/OtherLiabilitiesGrp/EOYAmt014158
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1NSF & LATE CHARGES
IRS990/OtherRevenueMiscGrp/ExclusionAmt01726
IRS990/OtherRevenueMiscGrp/ExclusionAmt170
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01726
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt170
IRS990/OtherRevenueTotalAmt01796
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049426
IRS990/OtherSalariesAndWagesGrp/TotalAmt049426
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04260
IRS990/PayrollTaxesGrp/TotalAmt04260
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015679
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018188
IRS990/PrincipalOfficerNm0BRUCE ZENNER II
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT ASSSISTANCE PAY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0153221
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1109818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0153221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1109818
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016
IRS990/PYOtherExpensesAmt0181934
IRS990/PYOtherRevenueAmt01636
IRS990/PYProgramServiceRevenueAmt0250820
IRS990/PYRevenuesLessExpensesAmt018884
IRS990/PYSalariesCompEmpBnftPaidAmt051654
IRS990/PYTotalExpensesAmt0233588
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0252472
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt015820
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0263039
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0112441
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099919
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0205
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0278
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0263039
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0250820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0245329
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0236932
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0235975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01232095
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt01796
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01636
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt01912
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0779
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt01446
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt07569
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0205
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0278
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.70310
IRS990ScheduleA/PublicSupportPY509Pct00.73490
IRS990ScheduleA/PublicSupportTotal509Amt0871744
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt093456
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt079200
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt070992
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt064944
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt059328
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0367920
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt093456
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt079200
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt070992
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt064944
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt059328
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0367920
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0264835
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0252456
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0247241
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0237711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0237421
IRS990ScheduleA/Total509Grp/TotalAmt01239664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0264850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0252472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0247257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0237737
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0237626
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01239942
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0210637
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0645488
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0856125
IRS990ScheduleD/EquipmentGrp/BookValueAmt048869
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018462
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067331
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0249030
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt09500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02868
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02868
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0264850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION FOR INCOME TAXES. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INTERPRETATION ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE CORPORATION DETERMINED THAT ALL INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0269006
IRS990ScheduleD/TotalExpensesPerForm990Amt0249030
IRS990ScheduleD/TotalLiabilityAmt014158
IRS990ScheduleD/TotalRevenuePerForm990Amt0264850
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0264850
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0249030
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES MANAGEMENT COMPANY, MEDALLION MANAGEMENT, INC. THE ORGANIZATION HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF KALKASKA MEMORIAL HOSPITAL APPOINTS BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD DECISIONS REGARDING: 1. CHANGES TO THE ARTICLES OF INCORPORATION, 2. MERGERS, ACQUISITIONS, CONSOLIDATION, OR REORGANIZATION PLANS, 3. CORPORATE PROPERTY, 4. OPERATING BUDGETS AND CAPITAL EXPENDITURES, 5. SECURED BORROWINGS, 6. CHANGES TO THE MISSION, SERVICES OR STRATEGIC GOALS, 7. CHANGES TO THE SCOPE OF THE SERVICES AND PROGRAMS, AND 8. APPOINTMENT OR REMOVAL OF THE PRESIDENT, ARE SUBJECT TO APPROVAL BY KALKASKA MEMORIAL HOSPITAL. BOARD MEMBERS ALSO HAVE TO BE APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPLETED FORM 990 IS DISTRIBUTED TO ALL OF THE BOARD MEMBERS PRIOR TO A BOARD MEETING, AT WHICH MEETING THE FORM IS REVIEWED AND DISCUSSED. SUBSEQUENT TO THE BOARD MEETING THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KALKASKA MEDICAL BUILDING LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HEALTHCARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0419 S CORAL ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0KALKASKA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd049646
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0574320
IRS990/TotalAssetsEOYAmt0593971
IRS990/TotalAssetsGrp/BOYAmt0574320
IRS990/TotalAssetsGrp/EOYAmt0593971
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0227468
IRS990/TotalFunctionalExpensesGrp/TotalAmt0249030
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018365
IRS990/TotalLiabilitiesEOYAmt022196
IRS990/TotalLiabilitiesGrp/BOYAmt018365
IRS990/TotalLiabilitiesGrp/EOYAmt022196
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0555955
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0571775
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0227468
IRS990/TotalProgramServiceRevenueAmt0263039
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01811
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0263039
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264850
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0574320
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0593971

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$593,971
Liabilities
$22,196
Net assets
$571,775
Revenue
$264,850
Expenses
$249,030
Net income
$15,820
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$5.94$0.22$5.72$2.65$2.49$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.74$0.18$5.56$2.52$2.34$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$0.20$5.37$2.47$2.04$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$0.24$4.94$2.38$2.10$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$0.22$4.67$2.38$2.04$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.52$0.19$4.33$2.31$1.97$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.19$0.20$3.98$2.30$2.11$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.02$0.22$3.80$2.21$2.15$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.93$0.19$3.75$2.17$1.74$0.43
2014Detailed filing. Detailed filing data is available for this year.$3.49$0.18$3.31$2.14$1.63$0.52
2013Detailed filing. Detailed filing data is available for this year.$2.99$0.19$2.80$2.09$1.63$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.64$0.31$2.33$1.53