Civic Intelligence

Beaver Island Community Development Corporation

990 • Fiscal year 2016 • EIN 30-0246447

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

Organization ProfileWWW.BEAVERISLANDCDC.ORG
PO Box 447Beaver Island, MI 49782

(231) 248-2982

Siviq Scores

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

Liabilities / Assets

94th percentile

1.10x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

19.02x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

8th percentile

-44%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

32nd percentile

-2.8%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

30th percentile

-6.7%

Faster revenue growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$959,466

Down $27,955 (-2.8%) from 2015

Net Assets

Down

-$92,733

Down $24,292 (-35%) from 2015

Liabilities

Down

$1,052,199

Down $3,663 (-0.3%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin8th percentile

Revenue

Down

$55,320

Down $3,972 (-6.7%) from 2015

Expenses

Down

$79,612

Down $9,839 (-11%) from 2015

Net Income

Up

-$24,292

Up $5,867 (+19%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,115,571Liabilities 2011: $1,068,474Net Assets 2011: $47,0972011Assets 2013: $1,050,596Liabilities 2013: $1,064,976Net Assets 2013: -$14,3802013Assets 2014: $1,022,194Liabilities 2014: $1,060,476Net Assets 2014: -$38,2822014Assets 2015: $987,421Liabilities 2015: $1,055,862Net Assets 2015: -$68,4412015Assets 2016: $959,466Liabilities 2016: $1,052,199Net Assets 2016: -$92,7332016Assets 2017: $906,912Liabilities 2017: $1,046,291Net Assets 2017: -$139,3792017Assets 2018: $876,861Liabilities 2018: $1,044,252Net Assets 2018: -$167,3912018Assets 2019: $832,406Liabilities 2019: $1,041,598Net Assets 2019: -$209,1922019Assets 2020: $802,895Liabilities 2020: $1,042,377Net Assets 2020: -$239,4822020Assets 2021: $762,001Liabilities 2021: $1,034,761Net Assets 2021: -$272,7602021Assets 2022: $732,012Liabilities 2022: $1,030,839Net Assets 2022: -$298,8272022Assets 2023: $701,197Liabilities 2023: $1,027,444Net Assets 2023: -$326,2472023Assets 2024: $664,257Liabilities 2024: $1,020,544Net Assets 2024: -$356,2872024

Highlighted filing

2016

Assets$959,466
Liabilities$1,052,199
Net Assets-$92,733
Open 2016 Filing

Operations Trend

Revenue Growth30th percentile

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

$150K$100K$50K$0-$50K-$100KExpenses 2011: $55,3762011Revenue 2013: $39,645Expenses 2013: $96,533Net Income 2013: -$56,8882013Revenue 2014: $65,122Expenses 2014: $89,024Net Income 2014: -$23,9022014Revenue 2015: $59,292Expenses 2015: $89,451Net Income 2015: -$30,1592015Revenue 2016: $55,320Expenses 2016: $79,612Net Income 2016: -$24,2922016Revenue 2017: $57,015Expenses 2017: $103,661Net Income 2017: -$46,6462017Revenue 2018: $55,182Expenses 2018: $83,194Net Income 2018: -$28,0122018Revenue 2019: $55,805Expenses 2019: $97,606Net Income 2019: -$41,8012019Revenue 2020: $46,698Expenses 2020: $76,988Net Income 2020: -$30,2902020Revenue 2021: $48,753Expenses 2021: $82,031Net Income 2021: -$33,2782021Revenue 2022: $48,943Expenses 2022: $75,010Net Income 2022: -$26,0672022Revenue 2023: $49,905Expenses 2023: $77,325Net Income 2023: -$27,4202023Revenue 2024: $61,142Expenses 2024: $91,182Net Income 2024: -$30,0402024

Highlighted filing

2016

Revenue$55,320
Expenses$79,612
Net Income-$24,292
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$55,320
Mission and Program Overview

Mission

Development and management of a 6 unit low-income senior housing project located on beaver island, mi.

Development and management of a 6 unit low-income senior housing project on beaver island, mi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$919,381$879,827▼ $39,554
Cash and Non-Interest-Bearing Accounts$50,037$59,544▲ $9,507
Savings and Temporary Cash Investments$15,463$17,743▲ $2,280
Prepaid Expenses and Deferred Charges$1,417$1,229▼ $188
Accounts Receivable$1,123$1,123→ $0
Total Assets$987,421$959,466▼ $27,955
Liabilities
Mortgage Notes Payable Secured by Investment Property$575,000$570,610▼ $4,390
Other Liabilities$480,108$479,735▼ $373
Accounts Payable and Accrued Expenses$754$1,854▲ $1,100
Total Liabilities$1,055,862$1,052,199▼ $3,663
Net Assets / Fund Balance
Unrestricted Net Assets$-68,441$-92,733▼ $24,292
Total Net Assets Fund Balance$-68,441$-92,733▼ $24,292
Total Liabilities and Net Assets / Fund Balance$987,421$959,466▼ $27,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$819,827$206,901$1,026,728
Land$60,000-$60,000
Other Land Buildings$0$38,515$38,515
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Pete LodicoPresident
Alana AndersonDirector
Jane MackenzieDirector
Connie WojanSecretary
Kathy SpeckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,878
Program Service Revenue
$43,512
Investment Income
$4
Other Revenue
$1,926
All Other Contributions
$9,878
Change in Net Assets
$-24,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,612
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
Depreciation Depletion$39,554--$39,554
Interest$12,179--$12,179
Fees for Services Management$11,273--$11,273
Insurance$1,636--$1,636
All Other Expenses$1,525--$1,525
Fees for Services Accounting$1,117--$1,117
Other Expenses$1,115--$1,115
Office Expenses$126--$126
Fees for Services Legal$30--$30
Advertising$5--$5
Total Functional Expenses$79,612$0$0$79,612
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
Jane MackenzieBoard Member of Bicdc and Executive Director of NhcdcBicdc Oversees Daily Operations of the Apartments, Approves Invoices and the Annual Budget. Bicdc Hired Nhcdc to Provide Site Management Services.No$4,200
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mshda /cdbg$472,000
Other Current Liabilities$7,735
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Kmg prestige is the property management company. They employ the maintenance person and provide bookkeeping, compliance, and risk management services. Bicdc assists in the oversight of the daily operations of the apartments and receives a monthly operating reort, approves invoices to be paid, and approves the annual budget. Bicdc has hired northern homes cdc (nhcdc) to provide site management services.”

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

“From 990 is reviewed by an officer prior to filing.”

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

“The conflict of interest policy is reviewed annually.”

Form 990, Part VI, Section C, Line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Beaver Island Community Development
EIN
30-0246447
Phone
2312482982
Address
PO BOX 447, BEAVER ISLAND, MI 49782

Signing Officer

Name
Pete Lodico
Title
President
Phone
2312482982
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pete Lodico
Formed
2003
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
L Susan Hafner CPA
Phone
5173237500
Raw XML Appendix389 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/BOYAmt0754
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01854
IRS990/AccountsReceivableGrp/BOYAmt01123
IRS990/AccountsReceivableGrp/EOYAmt01123
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DEVELOPMENT AND MANAGEMENT OF A 6 UNIT LOW-INCOME SENIOR HOUSING PROJECT ON BEAVER ISLAND, MI.
IRS990/AdvertisingGrp/ProgramServicesAmt05
IRS990/AdvertisingGrp/TotalAmt05
IRS990/AllOtherContributionsAmt09878
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01525
IRS990/AllOtherExpensesGrp/TotalAmt01525
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KATHY SPECK
IRS990/BooksInCareOfDetail/PhoneNum02314482004
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 311 PO BOX 311
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEAVER ISLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049782
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt050037
IRS990/CashNonInterestBearingGrp/EOYAmt059544
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09878
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04
IRS990/CYOtherExpensesAmt079612
IRS990/CYOtherRevenueAmt01926
IRS990/CYProgramServiceRevenueAmt043512
IRS990/CYRevenuesLessExpensesAmt0-24292
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt079612
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt055320
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt039554
IRS990/DepreciationDepletionGrp/TotalAmt039554
IRS990/Desc0DEVELOPMENT, OWNERSHIP AND MANAGEMENT OF A 6 UNIT SENIOR CITIZEN LOW-INCOME HOUSING PROJECT LOCATED ON BEAVER ISLAND, MI.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt079612
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01117
IRS990/FeesForServicesAccountingGrp/TotalAmt01117
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt030
IRS990/FeesForServicesLegalGrp/TotalAmt030
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt011273
IRS990/FeesForServicesManagementGrp/TotalAmt011273
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt420.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ALANA ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JANE MACKENZIE
IRS990/Form990PartVIISectionAGrp/PersonNm2KATHY SPECK
IRS990/Form990PartVIISectionAGrp/PersonNm3CONNIE WOJAN
IRS990/Form990PartVIISectionAGrp/PersonNm4PETE LODICO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt055320
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01636
IRS990/InsuranceGrp/TotalAmt01636
IRS990/InterestGrp/ProgramServicesAmt012179
IRS990/InterestGrp/TotalAmt012179
IRS990/InvestmentIncomeGrp/ExclusionAmt04
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0245416
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0919381
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0879827
IRS990/LandBldgEquipCostOrOtherBssAmt01125243
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DEVELOPMENT AND MANAGEMENT OF A 6 UNIT LOW-INCOME SENIOR HOUSING PROJECT LOCATED ON BEAVER ISLAND, MI.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0575000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0570610
IRS990/NetAssetsOrFundBalancesBOYAmt0-68441
IRS990/NetAssetsOrFundBalancesEOYAmt0-92733
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0126
IRS990/OfficeExpensesGrp/TotalAmt0126
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ELECTRICITY
IRS990/OtherExpensesGrp/Desc1OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt06351
IRS990/OtherExpensesGrp/ProgramServicesAmt12555
IRS990/OtherExpensesGrp/ProgramServicesAmt22146
IRS990/OtherExpensesGrp/ProgramServicesAmt31115
IRS990/OtherExpensesGrp/TotalAmt06351
IRS990/OtherExpensesGrp/TotalAmt12555
IRS990/OtherExpensesGrp/TotalAmt22146
IRS990/OtherExpensesGrp/TotalAmt31115
IRS990/OtherLiabilitiesGrp/BOYAmt0480108
IRS990/OtherLiabilitiesGrp/EOYAmt0479735
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01499
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1427
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01499
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1427
IRS990/OtherRevenueTotalAmt01926
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01417
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01229
IRS990/PrincipalOfficerNm0PETE LODICO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043512
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015954
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt078748
IRS990/PYOtherRevenueAmt01320
IRS990/PYProgramServiceRevenueAmt042018
IRS990/PYRevenuesLessExpensesAmt0-30159
IRS990/PYSalariesCompEmpBnftPaidAmt010703
IRS990/PYTotalExpensesAmt089451
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt059292
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-24292
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt045438
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015463
IRS990/SavingsAndTempCashInvstGrp/EOYAmt017743
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09878
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt015954
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt017958
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt062440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0106230
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt045438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt042018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt042059
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt038687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt029198
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0197400
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt01320
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt05105
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0958
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0964
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt08347
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0311977
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt055316
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt059292
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt065122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt039645
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt092602
IRS990ScheduleA/Total509Grp/TotalAmt0311977
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt055320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt059292
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt065122
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt039645
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt092602
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0311981
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0819827
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0206901
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01026728
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038515
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07735
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1472000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MSHDA /CDBG
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0879827
IRS990ScheduleD/TotalLiabilityAmt0479735
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JANE MACKENZIE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER OF BICDC AND EXECUTIVE DIRECTOR OF NHCDC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BICDC OVERSEES DAILY OPERATIONS OF THE APARTMENTS, APPROVES INVOICES AND THE ANNUAL BUDGET. BICDC HIRED NHCDC TO PROVIDE SITE MANAGEMENT SERVICES.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KMG PRESTIGE IS THE PROPERTY MANAGEMENT COMPANY. THEY EMPLOY THE MAINTENANCE PERSON AND PROVIDE BOOKKEEPING, COMPLIANCE, AND RISK MANAGEMENT SERVICES. BICDC ASSISTS IN THE OVERSIGHT OF THE DAILY OPERATIONS OF THE APARTMENTS AND RECEIVES A MONTHLY OPERATING REORT, APPROVES INVOICES TO BE PAID, AND APPROVES THE ANNUAL BUDGET. BICDC HAS HIRED NORTHERN HOMES CDC (NHCDC) TO PROVIDE SITE MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FROM 990 IS REVIEWED BY AN OFFICER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0987421
IRS990/TotalAssetsEOYAmt0959466
IRS990/TotalAssetsGrp/BOYAmt0987421
IRS990/TotalAssetsGrp/EOYAmt0959466
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09878
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt079612
IRS990/TotalFunctionalExpensesGrp/TotalAmt079612
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01055862
IRS990/TotalLiabilitiesEOYAmt01052199
IRS990/TotalLiabilitiesGrp/BOYAmt01055862
IRS990/TotalLiabilitiesGrp/EOYAmt01052199
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-68441
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-92733
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt079612
IRS990/TotalProgramServiceRevenueAmt043512
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045438
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt055320
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0987421
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0959466
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-68441
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-92733
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 447
IRS990/USAddress/CityNm0BEAVER ISLAND
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049782
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.BEAVERISLANDCDC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETE LODICO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02312482982
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEAVER ISLAND COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BEAV
ReturnHeader/Filer/EIN0300246447
ReturnHeader/Filer/PhoneNum02312482982
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 447
ReturnHeader/Filer/USAddress/CityNm0BEAVER ISLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049782
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F5C8CEF19E5CDD0DE9EA68A083EAE2A0D3C0D41E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CF5D9917F835C009D68467FACEDA9429487CB71A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.163.63.50
ReturnHeader/FilingSecurityInformation/IPDt02017-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:43:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382157642
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MANER COSTERISAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02425 E GRAND RIVER SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LANSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0489123291
ReturnHeader/PreparerPersonGrp/PhoneNum05173237500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0L SUSAN HAFNER CPA
ReturnHeader/ReturnTs02017-11-14T13:31:33-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$959,466
Liabilities
$1,052,199
Net assets
-$92,733
Revenue
$55,320
Expenses
$79,612
Net income
-$24,292
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.66$1.02$0.36$0.06$0.09$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.70$1.03$0.33$0.05$0.08$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.73$1.03$0.30$0.05$0.08$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.76$1.03$0.27$0.05$0.08$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.80$1.04$0.24$0.05$0.08$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.83$1.04$0.21$0.06$0.10$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.88$1.04$0.17$0.06$0.08$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.91$1.05$0.14$0.06$0.10$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.96$1.05$0.09$0.06$0.08$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.99$1.06$0.07$0.06$0.09$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.02$1.06$0.04$0.07$0.09$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.05$1.06$0.01$0.04$0.10$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$1.07$0.05$0.06