Civic Intelligence

M-2 Rail

990 • Fiscal year 2014 • EIN 30-0783442

Oct 01, 2013 to Sep 30, 2014 • Filed on Jun 29, 2015

Organization ProfileWWW.M-1RAIL.COM
1426 Woodward Avenue48226-2002

(313) 528-3044

Siviq Scores

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

Liabilities / Assets

80th percentile

0.67x

Higher debt load relative to assets than 80% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

2.28x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets80th percentile

Assets

$45,149,485

No earlier filing loaded for comparison.

Net Assets

$15,098,256

No earlier filing loaded for comparison.

Liabilities

$30,051,229

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin97th percentile

Revenue

$13,162,241

No earlier filing loaded for comparison.

Expenses

$2,480,985

No earlier filing loaded for comparison.

Net Income

$10,681,256

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200M$150M$100M$50M$0Assets 2014: $45,149,485Liabilities 2014: $30,051,229Net Assets 2014: $15,098,2562014Assets 2015: $94,763,495Liabilities 2015: $59,404,175Net Assets 2015: $35,359,3202015Assets 2016: $147,710,288Liabilities 2016: $94,311,114Net Assets 2016: $53,399,1742016Assets 2017: $154,973,512Liabilities 2017: $100,104,253Net Assets 2017: $54,869,2592017Assets 2019: $136,753,928Liabilities 2019: $92,634,805Net Assets 2019: $44,119,1232019Assets 2020: $128,856,688Liabilities 2020: $91,242,782Net Assets 2020: $37,613,9062020Assets 2021: $122,137,270Liabilities 2021: $90,975,280Net Assets 2021: $31,161,9902021Assets 2022: $116,029,354Liabilities 2022: $49,317,246Net Assets 2022: $66,712,1082022

Highlighted filing

2014

Assets$45,149,485
Liabilities$30,051,229
Net Assets$15,098,256
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$60M$40M$20M$0-$20MRevenue 2014: $13,162,241Expenses 2014: $2,480,985Net Income 2014: $10,681,2562014Revenue 2015: $20,993,832Expenses 2015: $732,768Net Income 2015: $20,261,0642015Revenue 2016: $19,099,233Expenses 2016: $1,059,379Net Income 2016: $18,039,8542016Revenue 2017: $5,250,721Expenses 2017: $3,780,636Net Income 2017: $1,470,0852017Revenue 2019: $3,101,011Expenses 2019: $7,066,363Net Income 2019: -$3,965,3522019Revenue 2020: $410,460Expenses 2020: $6,915,677Net Income 2020: -$6,505,2172020Revenue 2021: $410,027Expenses 2021: $6,861,943Net Income 2021: -$6,451,9162021Revenue 2022: $41,676,501Expenses 2022: $6,126,383Net Income 2022: $35,550,1182022

Highlighted filing

2014

Revenue$13,162,241
Expenses$2,480,985
Net Income$10,681,256
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Jun 29, 2015
Return Version
2013v4.0
Gross Receipts
$13,162,241
Mission and Program Overview

Mission

To support m-1 rail in the planning, design, construction, acquisition, and operation of a public transportation facility in the city of detroit, michigan.

To support and carry out the exempt purposes of m-1 rail, a michigan nonprofit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,260,147$21,842,943▲ $14,582,796
Pledges and Grants Receivable-$12,781,640-
Accounts Receivable-$6,573,743-
Cash and Non-Interest-Bearing Accounts$813,608$3,456,751▲ $2,643,143
Savings and Temporary Cash Investments-$369,908-
Prepaid Expenses and Deferred Charges-$124,500-
Total Assets$8,073,755$45,149,485▲ $37,075,730
Liabilities
Accounts Payable and Accrued Expenses$3,656,755$11,802,045▲ $8,145,290
Mortgage Notes Payable Secured by Investment Property-$9,700,000-
Other Liabilities$0$8,549,184▲ $8,549,184
Total Liabilities$3,656,755$30,051,229▲ $26,394,474
Net Assets / Fund Balance
Unrestricted Net Assets$4,417,000$15,098,256▲ $10,681,256
Total Net Assets Fund Balance$4,417,000$15,098,256▲ $10,681,256
Total Liabilities and Net Assets / Fund Balance$8,073,755$45,149,485▲ $37,075,730

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,773,936-$20,773,936
Land$1,069,007-$1,069,007
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Matthew P CullenChair and Director
Paul ChildsPresident
Roger S PenskeVice-chair and Director
Daniel B GilbertDirector
George W Jackson JrDirector
Richard RapsonDirector
Heather CarmonaAssistant Secretary
Sommer WoodsAssistant Secretary
Jenilyn NormanChief Financial Officer
David BlaszkiewiczSecretary
Paul TrulikTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Urs Corporation Great LakesEngineering-$6,105,964
Hntb Michigan INCOwner's Representative-$2,125,107
Stacy And Witbeck INCConstruction Management-$397,093
Revenue and Support

Revenue Composition

Contributions and Grants
$13,125,741
Program Service Revenue
$36,500
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,681,256

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$344,101Cost
Total Noncash Contributions4$344,101-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,480,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,107,449--$2,107,449
Fees for Services Legal$354,960--$354,960
All Other Expenses$9,633--$9,633
Interest$7,243--$7,243
Fees for Services Accounting$1,700--$1,700
Total Functional Expenses$2,480,985$0$0$2,480,985
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
Advance From Affiliate$8,549,184
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Daniel b. Gilbert is the chair of quicken loans, inc., and matthew p. Cullen is the chief executive officer of rock ventures llc, which is an affiliate of quicken loans, inc. Various directors and officers also serve together on the boards of directors of various other non-profit organizations in the metropolitan detroit area, including m-1 rail, the supported organization.”

Form 990, Part VI, Section B, Line 11

“The organization hired a public accounting firm to prepare form 990. The chief financial officer reviewed the return prior to distributing a draft return to the treasurer and audit and finance committee members for their review. Comments from these individuals were reviewed and appropriately incorporated into the final form 990 that was filed. A final copy of the form 990 was provided to each board member via e-mail prior to filing for their information.”

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

“The conflict of interest policy is provided to the applicable parties annually. In addition, directors and officers sign an acknowledgement statement and provide information regarding potential conflicts on the annual form. Management reviews the disclosures and follows up, if necessary.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
30-0783442
Phone
3135283044

Signing Officer

Name
Jenilyn Norman
Title
Chief Financial Officer
Phone
3135283044
Signed
2015-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Childs
Formed
2013
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
6

Preparer

Preparer
Michael R Nicholas
Phone
3139652655
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Project management and coordination: program service expenses 21,856. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,856. Design and engineering: program service expenses 2,085,593. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,085,593.”

Financial Statement Notes

PART X, LINE 2:

“M-1 rail is a not-for-profit organization exempt from income taxes under section 501(c)(3) of the internal revenue code (irc) and is a publicly supported organization under irc section 509(a)(1). M-2 rail is a not-for-profit organization exempt from income taxes under section 501(c)(3) of irc and is classified as a type 2 supporting organization to m-1 rail under irc section 509(a)(3). Although m-1 rail and m-2 rail were granted income tax exemption by the internal revenue service, such exemption does not apply to "unrelated business taxable income." at september 30, 2014 and 2013, the organization has determined that no unrelated business income taxes are due for its activities. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. Management annually reviews its tax positions and has determined that there are no material uncertain tax positions that require recognition in the consolidated financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to september 30, 2010.”

Raw XML AppendixShowing 400 of 454 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/BOYAmt03656755
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011802045
IRS990/AccountsReceivableGrp/EOYAmt06573743
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT AND CARRY OUT THE EXEMPT PURPOSES OF M-1 RAIL, A MICHIGAN NONPROFIT CORPORATION.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt09633
IRS990/AllOtherExpensesGrp/TotalAmt09633
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10JENILYN NORMAN
IRS990/BooksInCareOfDetail/PhoneNum03135283044
IRS990/BooksInCareOfDetail/USAddress/AddressLine101426 WOODWARD AVENUE
IRS990/BooksInCareOfDetail/USAddress/City0DETROIT
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode0482262002
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0813608
IRS990/CashNonInterestBearingGrp/EOYAmt03456751
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt06105964
IRS990/ContractorCompensationGrp/CompensationAmt12125107
IRS990/ContractorCompensationGrp/CompensationAmt2397093
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1010850 TRAVERSE HIGHWAY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine11535 GRISWOLD STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine122800 HARBOR BAY PARKWAY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0TRAVERSE CITY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City1DETROIT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City2ALAMEDA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State1MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State2CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode049684
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode148226
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode294502
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10URS CORPORATION GREAT LAKES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine11HNTB MICHIGAN INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine12STACY AND WITBECK INC
IRS990/ContractorCompensationGrp/ServicesDesc0ENGINEERING
IRS990/ContractorCompensationGrp/ServicesDesc1OWNER'S REPRESENTATIVE
IRS990/ContractorCompensationGrp/ServicesDesc2CONSTRUCTION MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt013125741
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02480985
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt036500
IRS990/CYRevenuesLessExpensesAmt010681256
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02480985
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt013162241
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0UTILITY COORDINATION, ENGINEERING, DESIGN, PLANNING, AND PROJECT MANAGEMENT OF PUBLIC TRANSPORTATION SYSTEM.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02480985
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01700
IRS990/FeesForServicesAccountingGrp/TotalAmt01700
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0354960
IRS990/FeesForServicesLegalGrp/TotalAmt0354960
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02107449
IRS990/FeesForServicesOtherGrp/TotalAmt02107449
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt515.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt820.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt920.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt515.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt820.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt920.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1020.00
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/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0MATTHEW P CULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm1ROGER S PENSKE
IRS990/Form990PartVIISectionAGrp/PersonNm2DANIEL B GILBERT
IRS990/Form990PartVIISectionAGrp/PersonNm3GEORGE W JACKSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD RAPSON
IRS990/Form990PartVIISectionAGrp/PersonNm5PAUL CHILDS
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID BLASZKIEWICZ
IRS990/Form990PartVIISectionAGrp/PersonNm7PAUL TRULIK
IRS990/Form990PartVIISectionAGrp/PersonNm8JENILYN NORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9HEATHER CARMONA
IRS990/Form990PartVIISectionAGrp/PersonNm10SOMMER WOODS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR AND DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt012781640
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt013162241
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt07243
IRS990/InterestGrp/TotalAmt07243
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07260147
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021842943
IRS990/LandBldgEquipCostOrOtherBssAmt021842943
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SUPPORT M-1 RAIL IN THE PLANNING, DESIGN, CONSTRUCTION, ACQUISITION, AND OPERATION OF A PUBLIC TRANSPORTATION FACILITY IN THE CITY OF DETROIT, MICHIGAN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09700000
IRS990/NetAssetsOrFundBalancesBOYAmt04417000
IRS990/NetAssetsOrFundBalancesEOYAmt015098256
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0344101
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt08549184
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012781640
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0124500
IRS990/PrincipalOfficerNm0PAUL CHILDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0FEE FOR SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05225968
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0808968
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04417000
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0808968
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05225968
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010681256
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0344101
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt036500
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0369908
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0262310566
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc07
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0344101
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10M-1 RAIL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0344101
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/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01069007
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01069007
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020773936
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020773936
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08549184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCE FROM AFFILIATE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0M-1 RAIL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS A PUBLICLY SUPPORTED ORGANIZATION UNDER IRC SECTION 509(A)(1). M-2 RAIL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF IRC AND IS CLASSIFIED AS A TYPE 2 SUPPORTING ORGANIZATION TO M-1 RAIL UNDER IRC SECTION 509(A)(3). ALTHOUGH M-1 RAIL AND M-2 RAIL WERE GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." AT SEPTEMBER 30, 2014 AND 2013, THE ORGANIZATION HAS DETERMINED THAT NO UNRELATED BUSINESS INCOME TAXES ARE DUE FOR ITS ACTIVITIES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021842943
IRS990ScheduleD/TotalLiabilityAmt08549184
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt04
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0STREETCAR
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0344101
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0CONSISTS OF STREETCAR PROJECT, PLANNING, ENGINEERING, AND DESIGN
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DANIEL B. GILBERT IS THE CHAIR OF QUICKEN LOANS, INC., AND MATTHEW P. CULLEN IS THE CHIEF EXECUTIVE OFFICER OF ROCK VENTURES LLC, WHICH IS AN AFFILIATE OF QUICKEN LOANS, INC. VARIOUS DIRECTORS AND OFFICERS ALSO SERVE TOGETHER ON THE BOARDS OF DIRECTORS OF VARIOUS OTHER NON-PROFIT ORGANIZATIONS IN THE METROPOLITAN DETROIT AREA, INCLUDING M-1 RAIL, THE SUPPORTED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HIRED A PUBLIC ACCOUNTING FIRM TO PREPARE FORM 990. THE CHIEF FINANCIAL OFFICER REVIEWED THE RETURN PRIOR TO DISTRIBUTING A DRAFT RETURN TO THE TREASURER AND AUDIT AND FINANCE COMMITTEE MEMBERS FOR THEIR REVIEW. COMMENTS FROM THESE INDIVIDUALS WERE REVIEWED AND APPROPRIATELY INCORPORATED INTO THE FINAL FORM 990 THAT WAS FILED. A FINAL COPY OF THE FORM 990 WAS PROVIDED TO EACH BOARD MEMBER VIA E-MAIL PRIOR TO FILING FOR THEIR INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS PROVIDED TO THE APPLICABLE PARTIES ANNUALLY. IN ADDITION, DIRECTORS AND OFFICERS SIGN AN ACKNOWLEDGEMENT STATEMENT AND PROVIDE INFORMATION REGARDING POTENTIAL CONFLICTS ON THE ANNUAL FORM. MANAGEMENT REVIEWS THE DISCLOSURES AND FOLLOWS UP, IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROJECT MANAGEMENT AND COORDINATION: PROGRAM SERVICE EXPENSES 21,856. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,856. DESIGN AND ENGINEERING: PROGRAM SERVICE EXPENSES 2,085,593. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,085,593.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10M-1 RAIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0262310566
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOP PUBLIC TRANSPORTATION SYSTEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine101426 WOODWARD AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0DETROIT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode0482262002
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt08549184
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1344101
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH LOANED
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10M-1 RAIL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11M-1 RAIL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08073755
IRS990/TotalAssetsEOYAmt045149485
IRS990/TotalAssetsGrp/BOYAmt08073755
IRS990/TotalAssetsGrp/EOYAmt045149485
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt013125741
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02480985
IRS990/TotalFunctionalExpensesGrp/TotalAmt02480985
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03656755
IRS990/TotalLiabilitiesEOYAmt030051229
IRS990/TotalLiabilitiesGrp/BOYAmt03656755
IRS990/TotalLiabilitiesGrp/EOYAmt030051229
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04417000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,149,485
Liabilities
$30,051,229
Net assets
$15,098,256
Revenue
$13,162,241
Expenses
$2,480,985
Net income
$10,681,256
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$116$49.3$66.7$41.7$6.13$35.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$122$91.0$31.2$0.41$6.86$6.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$91.2$37.6$0.41$6.92$6.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$137$92.6$44.1$3.10$7.07$3.97
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$155$100$54.9$5.25$3.78$1.47
2016Detailed filing. Detailed filing data is available for this year.$148$94.3$53.4$19.1$1.06$18.0
2015Detailed filing. Detailed filing data is available for this year.$94.8$59.4$35.4$21.0$0.73$20.3
2014Detailed filing. Detailed filing data is available for this year.$45.1$30.1$15.1$13.2$2.48$10.7