Civic Intelligence

Spring Meadows II Senior Non-Profit Housing

EIN 26-1795340 • 501(c)3 • Jackson, MI

Profile

Provide housing and services to low income senior adults

3300 County Farm RdJackson, MI 49201

www.pvm.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.50x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

10.32x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$71,220

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 20.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

25th percentile

-4.4%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

71st percentile

25%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,390,594

Down $108,832 (-4.4%) from 2024

Liabilities

Down

$3,594,820

Down $46,363 (-1.3%) from 2024

Net Assets

Down

-$1,204,226

Down $62,469 (-5.5%) from 2024

Revenue

Up

$348,397

Up $69,085 (+25%) from 2024

Expenses

Up

$410,866

Up $35,001 (+9.3%) from 2024

Net Income

Up

-$62,469

Up $34,084 (+35%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2021: $2,726,333Liabilities 2021: $3,557,089Net Assets 2021: -$830,7562021Assets 2022: $2,654,801Liabilities 2022: $3,596,653Net Assets 2022: -$941,8522022Assets 2023: $2,583,146Liabilities 2023: $3,628,350Net Assets 2023: -$1,045,2042023Assets 2024: $2,499,426Liabilities 2024: $3,641,183Net Assets 2024: -$1,141,7572024Assets 2025: $2,390,594Liabilities 2025: $3,594,820Net Assets 2025: -$1,204,2262025

Highlighted filing

2025

Assets$2,390,594
Liabilities$3,594,820
Net Assets-$1,204,226

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $277,024Expenses 2021: $370,028Net Income 2021: -$93,0042021Revenue 2022: $294,265Expenses 2022: $405,361Net Income 2022: -$111,0962022Revenue 2023: $322,977Expenses 2023: $426,329Net Income 2023: -$103,3522023Revenue 2024: $279,312Expenses 2024: $375,865Net Income 2024: -$96,5532024Revenue 2025: $348,397Expenses 2025: $410,866Net Income 2025: -$62,4692025

Highlighted filing

2025

Revenue$348,397
Expenses$410,866
Net Income-$62,469

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 12, 2026
Return Version
2024v5.2
Gross Receipts
$348,397
Mission and Program Overview

Mission

Provide housing and services to low income senior adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,271,140$2,197,767▼ $73,373
Savings and Temporary Cash Investments$212,023$161,435▼ $50,588
Accounts Receivable$15,149$24,667▲ $9,518
Cash and Non-Interest-Bearing Accounts$1,114$6,725▲ $5,611
Total Assets$2,499,426$2,390,594▼ $108,832
Liabilities
Other Liabilities$3,521,435$3,553,709▲ $32,274
Accounts Payable and Accrued Expenses$119,748$41,111▼ $78,637
Total Liabilities$3,641,183$3,594,820▼ $46,363
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,141,757$-1,204,226▼ $62,469
Total Net Assets Fund Balance$-1,141,757$-1,204,226▼ $62,469
Total Liabilities and Net Assets / Fund Balance$2,499,426$2,390,594▼ $108,832

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,937,746$1,300,181$3,237,927
Land$256,500-$260,000
Equipment$3,521$102,554$106,075
Other Land Buildings-$38,498$38,498
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rae StachnikAdministratorPT$35,610$35,610$71,220

Board Members and Trustees

NameTitle
Debbie MuhichChair
Julie WetherbyDirector
Kathleen JohnsDirector
Raza HaqueDirector
Leslie KrantzSecretary
Vanessa RondersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$345,013
Investment Income
$170
Other Revenue
$3,214
Change in Net Assets
$-62,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$348,397
Total Revenue per Audited Statements
$348,397
Total Revenue per Form 990
$348,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$269,507
Salaries, Compensation, and Employee Benefits$141,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$95,245--$95,245
Depreciation Depletion$91,394--$91,394
Other Salaries and Wages$49,486$34,447-$83,933
Current Officers, Directors, Trustees, and Key Employees-$35,731-$35,731
Fees for Services Management-$29,760-$29,760
Insurance$23,357--$23,357
Other Employee Benefits$5,088$7,906-$12,994
Fees for Services Accounting-$9,950-$9,950
Office Expenses$9,646--$9,646
Payroll Taxes$3,194$4,963-$8,157
Information Technology$6,672--$6,672
All Other Expenses$-2$1,620-$1,618
Advertising$1,227--$1,227
Pension Plan Contributions$213$331-$544
Travel-$375-$375
Interest$263--$263
Total Functional Expenses$285,783$125,083$0$410,866

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$410,866
Total Expenses per Audited Statements$410,866
Total Expenses per Form 990$410,866
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
Federal income taxes$3,510,300
tenant security deposits$30,224
HUD capital grant$13,185
surplus cash note and accrued interest-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 contracts with Presbyterian Villages of Michigan for management services

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

Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board.

Form 990, Part VI, Section B, Line 11

A copy of the completed form and all related schedules was distributed to the board members via e-mail for their review, comment and questions prior to filing

Form 990, Part VI, Section B, Line 12

Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. This Organization does not have its own conflict of interest policy but uses the conflict-of-interest policy of Presbyterian Villages of Michigan.

Form 990, Part VI, Section B, Line 13

The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company

Form 990, Part VI, Section B, Line 14

The Organization does not have a written document retention policy approved by its board of directors it relies on the policy adopted by Presbyterian Villages of Michigan, its management agent

Form 990, Part VI, Section B, Line 15B

A biannual salary study is conducted by an independent compensation consultant/analyst who reports to the PVM Executive Committee acting in their capacity as the PVM Compensation Committee. Compensation rates are also routinely surveyed and evaluated for all employee positions.

Form 990, Part VI, Section C, Line 19

The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items, as well as Form 990, are available upon request.

Filing and Contact Details

Filer

Filer Name
Spring Meadows II Senior Non-Profit Housing
EIN
26-1795340
Address
3300 County Farm Rd, Jackson, MI 49201
Doing Business As
The Village of Spring Meadows II

Signing Officer

Name
Debbie Muhich
Title
Board Chair
Signed
2026-02-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Debbie Muhich
Formed
2008
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

PVM acts as a common pay master for all entities within the PVM system, therefore this Organization does not file any W-2 forms. The Organization reported here has approximately 2 employees.

Financial Statement Notes

X 1

The Organization is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code. Accordingly, no tax provision is recorded in the financial statements.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt023
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0617
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0348227
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0274971
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0322786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0293171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0277001
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01516156
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0214
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0191
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt019
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt023
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0617
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01521358
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0348227
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0279098
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0322786
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0294246
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0277001
IRS990ScheduleA/Total509Grp/TotalAmt01521358
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0348397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0279312
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0322977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0294265
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0277024
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01521975
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01937746
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01300181
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03237927
IRS990ScheduleD/EquipmentGrp/BookValueAmt03521
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0102554
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106075
IRS990ScheduleD/ExpensesSubtotalAmt0410866
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0256500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0260000
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038498
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03510300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt230224
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HUD capital grant
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2tenant security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3surplus cash note and accrued interest
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0348397
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code. Accordingly, no tax provision is recorded in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 1
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02197767
IRS990ScheduleD/TotalExpensesPerForm990Amt0410866
IRS990ScheduleD/TotalLiabilityAmt03553709
IRS990ScheduleD/TotalRevenuePerForm990Amt0348397
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0348397
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0410866
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PVM acts as a common pay master for all entities within the PVM system, therefore this Organization does not file any W-2 forms. The Organization reported here has approximately 2 employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization contracts with Presbyterian Villages of Michigan for management services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the completed form and all related schedules was distributed to the board members via e-mail for their review, comment and questions prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. This Organization does not have its own conflict of interest policy but uses the conflict-of-interest policy of Presbyterian Villages of Michigan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization does not have a written document retention policy approved by its board of directors it relies on the policy adopted by Presbyterian Villages of Michigan, its management agent
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A biannual salary study is conducted by an independent compensation consultant/analyst who reports to the PVM Executive Committee acting in their capacity as the PVM Compensation Committee. Compensation rates are also routinely surveyed and evaluated for all employee positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items, as well as Form 990, are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0205161332
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0tax credit housing
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Blackman Limited Dividend Housing
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt03501 Cherry Blossom Ln
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0Blackman Twp
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd049201
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Presbyterian Villages of Michigan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381387145
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt03
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0property management services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt025200 Telegraph Rd Suite 400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Southfield
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048033
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true

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