Civic Intelligence

Colony Lane Non-Profit Housing Corporation

EIN 32-0364875 • 501(c)3 • Warren, MI

Profile

To provide housing facilities for low income senior citizens.

8425 E Twelve Mile RoadWarren, MI 48093

www.csi.coop

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

40th percentile

0.10x

Higher debt load relative to revenue than 40% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

91st percentile

$368,043

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 49.6% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

27th percentile

-2.5%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

26th percentile

-6.0%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$8,034,649

Down $869,604 (-9.8%) from 2022

Liabilities

Down

$73,733

Down $162,745 (-69%) from 2022

Net Assets

Down

$7,960,916

Down $706,859 (-8.2%) from 2022

Revenue

Down

$741,723

Down $52,910 (-6.7%) from 2022

Expenses

Down

$949,943

Down $99,544 (-9.5%) from 2022

Net Income

Up

-$208,220

Up $46,634 (+18%) from 2022

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $11,058,968Liabilities 2015: $68,022Net Assets 2015: $10,990,9462015Assets 2017: $10,479,402Liabilities 2017: $52,933Net Assets 2017: $10,426,4692017Assets 2018: $10,107,332Liabilities 2018: $40,980Net Assets 2018: $10,066,3522018Assets 2019: $9,819,965Liabilities 2019: $139,247Net Assets 2019: $9,680,7182019Assets 2020: $9,459,026Liabilities 2020: $144,562Net Assets 2020: $9,314,4642020Assets 2021: $9,121,207Liabilities 2021: $198,578Net Assets 2021: $8,922,6292021Assets 2022: $8,904,253Liabilities 2022: $236,478Net Assets 2022: $8,667,7752022Assets 2025: $8,034,649Liabilities 2025: $73,733Net Assets 2025: $7,960,9162025

Highlighted filing

2025

Assets$8,034,649
Liabilities$73,733
Net Assets$7,960,916

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $11,381,537Expenses 2015: $395,143Net Income 2015: $10,986,3942015Revenue 2017: $499,178Expenses 2017: $790,006Net Income 2017: -$290,8282017Revenue 2018: $644,054Expenses 2018: $1,004,171Net Income 2018: -$360,1172018Revenue 2019: $670,668Expenses 2019: $1,056,302Net Income 2019: -$385,6342019Revenue 2020: $681,296Expenses 2020: $1,047,550Net Income 2020: -$366,2542020Revenue 2021: $663,065Expenses 2021: $1,054,900Net Income 2021: -$391,8352021Revenue 2022: $794,633Expenses 2022: $1,049,487Net Income 2022: -$254,8542022Revenue 2025: $741,723Expenses 2025: $949,943Net Income 2025: -$208,2202025

Highlighted filing

2025

Revenue$741,723
Expenses$949,943
Net Income-$208,220

Filings

Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 9, 2023
Return Version
2021v4.2
Gross Receipts
$794,633
Mission and Program Overview

Mission

To provide housing facilities for low income senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,720,998$8,414,829▼ $306,169
Investments Program Related$339,297$365,127▲ $25,830
Accounts Receivable$30,086$88,961▲ $58,875
Prepaid Expenses and Deferred Charges$10,325$12,618▲ $2,293
Cash and Non-Interest-Bearing Accounts$7,540$4,125▼ $3,415
Total Assets$9,121,207$8,904,253▼ $216,954
Other Assets Total$12,961$18,593▲ $5,632
Liabilities
Accounts Payable and Accrued Expenses$180,049$209,831▲ $29,782
Other Liabilities$15,842$22,123▲ $6,281
Deferred Revenue$2,687$4,524▲ $1,837
Total Liabilities$198,578$236,478▲ $37,900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,922,629$8,667,775▼ $254,854
Total Net Assets Fund Balance$8,922,629$8,667,775▼ $254,854
Total Liabilities and Net Assets / Fund Balance$9,121,207$8,904,253▼ $216,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,420,277$1,728,853$9,149,130
Leasehold Improvements$616,113$373,734$989,847
Equipment$114,548$600,774$715,322
Land$263,891-$263,891
Compensation and Service Providers

Board Members and Trustees

NameTitle
Annie MitchellPresident
Rillar McdanielVice President
Ethel YoungDirector
Gerald Mahon JrDirector
Gloria ParrisDirector
Iona NicholsonDirector
Mary LaceyDirector
Sheryle MoreyDirector
Shirley WoodenDirector
Tyrone GregoryDirector
Nancy EvansAssistant Secretary
Cindy LambAssistant Treasurer
Mel HudsonNational Construction Manager
Diane SmithNational Development Manager
Anne SackrisonOperations Manager
Darla HuttingerRegional Manager
Marguerite D AngeloRegional Manager
Jeri DraughonSecretary
Alex AhoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$528,036
Program Service Revenue
$262,217
Investment Income
$1,958
Other Revenue
$2,422
Change in Net Assets
$-254,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$794,633
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$794,633
Total Revenue per Form 990
$794,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,049,487
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$360,066--$360,066
Occupancy$262,973--$262,973
Other Expenses$58,649$49,987-$108,636
Insurance$52,961--$52,961
Fees for Services Management-$42,721-$42,721
Office Expenses-$42,093-$42,093
Fees for Services Accounting-$16,320-$16,320
Fees for Services Legal-$3,481-$3,481
Advertising-$2,435-$2,435
Total Functional Expenses$892,450$157,037$0$1,049,487

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,049,487
Total Expenses per Audited Statements$1,049,487
Total Expenses per Form 990$1,049,487
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
Accrued Mgmt Fee Payable$16,971
Maintenance Escrow Payable$5,000
Security Deposits$152
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

The apartment project is managed by a related entity, csi support & development services. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment. Listed in part vii, section a, csi support & development services compensates all highest compensated employees along with 90% of nancy evans and 95% of cindy lamb's wages, respectively.

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

The form 990 is presented at a board of directors meeting before it is signed and submitted.

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

An annual conflict of interest statement is filled out by board members and upper management employees, then submitted. A control is maintained as to the receipt of this annual form.

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

The board periodically conducts compensation studies and determines the compensation of the general manager.

Form 990, Part VI, Section C, Line 19

The form 990 and all related financial and policy information are made available to the public upon written request.

Form 990, Part VII, Section A, Line 1A, Column B

Description of hours worked for related organizations all of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Colony Lane Non-profit Housing
EIN
32-0364875
Phone
5867539002
Address
8425 E TWELVE MILE ROAD, WARREN, MI 48093

Signing Officer

Name
Cindy Lamb
Title
Assistant Treasurer
Phone
5867539002
Signed
2023-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Lamb
Formed
2011
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
23

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Lucas Autry
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 12, PART XII, LINE 2C:

Overview of audit function the audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns are subject to examinations for the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

Raw XML AppendixShowing 400 of 1,638 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14REGIONAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15REGIONAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16NATIONAL DEVELOPMENT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt17OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt18NATIONAL CONSTRUCTION MANAGER
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