Civic Intelligence

Lake Superior Community Development Corporation

EIN 36-4616294 • 501(c)3 • Lanse, MI

Profile

Community development activities improving the social and economic conditions of economically disadvantaged persons and residents of distressed communities. Activities include the provision of financial products, development services, and/or financial programs.

1 N Front StreetLanse, MI 49946

lakesuperiorcdc.com

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.30x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

1.43x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

84th percentile

36%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

64th percentile

16%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$4,378,062

Down $420,137 (-8.8%) from 2023

Liabilities

Down

$1,293,776

Down $434,652 (-25%) from 2023

Net Assets

Up

$3,084,286

Up $14,515 (+0.5%) from 2023

Operations
Liabilities / Revenue91st percentileNet Margin84th percentile

Revenue

Down

$906,454

Down $296,598 (-25%) from 2023

Expenses

Up

$581,956

Up $249,245 (+75%) from 2023

Net Income

Down

$324,498

Down $545,843 (-63%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth73rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2016: $1,135,760Liabilities 2016: $42,107Net Assets 2016: $1,093,6532016Assets 2017: $1,902,353Liabilities 2017: $268,728Net Assets 2017: $1,633,6252017Assets 2018: $1,462,626Liabilities 2018: $306,786Net Assets 2018: $1,155,8402018Assets 2019: $1,490,834Liabilities 2019: $364,995Net Assets 2019: $1,125,8392019Assets 2020: $1,787,772Liabilities 2020: $602,857Net Assets 2020: $1,184,9152020Assets 2021: $2,505,790Liabilities 2021: $677,523Net Assets 2021: $1,828,2672021Assets 2022: $3,297,163Liabilities 2022: $1,091,866Net Assets 2022: $2,205,2972022Assets 2023: $4,798,199Liabilities 2023: $1,728,428Net Assets 2023: $3,069,7712023Assets 2024: $4,378,062Liabilities 2024: $1,293,776Net Assets 2024: $3,084,2862024

Highlighted filing

2024

Assets$4,378,062
Liabilities$1,293,776
Net Assets$3,084,286
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $82,059Expenses 2016: $187,199Net Income 2016: -$105,1402016Revenue 2017: $858,759Expenses 2017: $318,787Net Income 2017: $539,9722017Revenue 2018: $346,055Expenses 2018: $823,840Net Income 2018: -$477,7852018Revenue 2019: $313,441Expenses 2019: $344,452Net Income 2019: -$31,0112019Revenue 2020: $342,139Expenses 2020: $317,062Net Income 2020: $25,0772020Revenue 2021: $1,157,658Expenses 2021: $512,624Net Income 2021: $645,0342021Revenue 2022: $677,815Expenses 2022: $301,653Net Income 2022: $376,1622022Revenue 2023: $1,203,052Expenses 2023: $332,711Net Income 2023: $870,3412023Revenue 2024: $906,454Expenses 2024: $581,956Net Income 2024: $324,4982024

Highlighted filing

2024

Revenue$906,454
Expenses$581,956
Net Income$324,498
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,378,062
Liabilities
$1,293,776
Net assets
$3,084,286
Revenue
$906,454
Expenses
$581,956
Net income
$324,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.38$1.29$3.08$0.91$0.58$0.32
2023Detailed filing. Detailed filing data is available for this year.$4.80$1.73$3.07$1.20$0.33$0.87
2022Detailed filing. Detailed filing data is available for this year.$3.30$1.09$2.21$0.68$0.30$0.38
2021Detailed filing. Detailed filing data is available for this year.$2.51$0.68$1.83$1.16$0.51$0.65
2020Detailed filing. Detailed filing data is available for this year.$1.79$0.60$1.18$0.34$0.32$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.49$0.36$1.13$0.31$0.34$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.31$1.16$0.35$0.82$0.48
2017Detailed filing. Detailed filing data is available for this year.$1.90$0.27$1.63$0.86$0.32$0.54
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.04$1.09$0.08$0.19$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 2, 2025
Return Version
2023v6.0
Gross Receipts
$906,454
Mission and Program Overview

Mission

Community development activities

Community development activities improving the social and economic conditions of economically disadvantaged persons and residents of distressed communities. Activities include the provision of financial products, development services, and/or financial programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,942,351$3,769,465▼ $172,886
Savings and Temporary Cash Investments$632,858$358,378▼ $274,480
Receivable From Disqualified Prsn-$129,494-
Accounts Receivable$31,496$44,725▲ $13,229
Land, Buildings, and Equipment, Net-$42,900-
Investments Other Securities$32,200$32,200→ $0
Cash and Non-Interest-Bearing Accounts$5,388--
Prepaid Expenses and Deferred Charges$1,069$900▼ $169
Total Assets$4,645,362$4,378,062▼ $267,300
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,084,832$1,163,710▲ $78,878
Deferred Revenue$536,098$94,473▼ $441,625
Grants Payable$56,599--
Escrow Account Liability$21,665$25,032▲ $3,367
Accounts Payable and Accrued Expenses$33,485$10,561▼ $22,924
Total Liabilities$1,732,679$1,293,776▼ $438,903
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,912,683$3,084,286▲ $171,603
Total Net Assets Fund Balance$2,912,683$3,084,286▲ $171,603
Total Liabilities and Net Assets / Fund Balance$4,645,362$4,378,062▼ $267,300

Asset Categories

AssetBook ValueDepreciationBasis
Land$42,900--
Other Securities$700--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Edward EdwardsExecutive DirectorFT$82,384$82,384
Sam LoonsfootPrograms CoordinatorPT$38,168$38,168
Brittany PerrigoFinance CoordinatorFT$26,360$26,360
Sarah SmithDirector-$500$500
Kevin PerraultDirector-$400$400
Gretchen EmeryDirector-$350$350
Robert CurtisChairman-$350$350
Keith RolofDirector-$250$250
Lily MarcotteDirector-$250$250
Revenue and Support

Revenue Composition

Contributions and Grants
$677,698
Program Service Revenue
$223,010
Investment Income
$5,746
Other Revenue
$0
Change in Net Assets
$324,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$402,972
Salaries, Compensation, and Employee Benefits$178,984
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$270,762$2,314-$273,076
Other Salaries and Wages$142,804$16,142-$158,946
Interest$36,985--$36,985
Fees for Services Accounting$33,267--$33,267
Office Expenses$7,773$4,292-$12,065
Payroll Taxes$10,783$1,235-$12,018
Other Employee Benefits-$8,020-$8,020
Travel$7,320$58-$7,378
Occupancy-$6,900-$6,900
Insurance-$5,345-$5,345
Information Technology$2,700$169-$2,869
Fees for Services Management-$2,200-$2,200
Other Expenses$1,650$1,190-$1,190
Advertising$886--$886
Fees for Services Legal$104--$104
Total Functional Expenses$526,992$54,964$0$581,956
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
Ryan PerrigoHusband to Finance CoordinatorProvided Accounting Oversight and Tax PrepNo$14,097

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$129,494-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

“Minutes are kept of the board of directors meetings.”

Form 990 governing body review Part VI line 11

“The board of directors are provided a copy of the federal form 990 and approval is required prior to submittal.”

CEO executive director top management comp Part VI line 15A

“The board of directors establish the executive directors and key employee salaries when hired. The board of directors approve budgets with annual raises included. The board of directors may modify salaries if necessary.”

Other officer or key employee compensation Part VI line 15B

“The board of directors establish salaries for the executive director and key employees. The board of directors review budgets annually and establish salaries increases in the budgets. The board of directors may adjust salaries as necessary throughout the year.”

Governing documents etc available to public Part VI line 19

“Financial statments are made available and provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Superior Community Development Corporation
EIN
36-4616294
Address
1 N FRONT STREET, Lanse, MI 49946

Signing Officer

Name
Robert Curtis
Title
Chairman
Phone
9065245445
Signed
2025-02-02
Discuss with paid preparer
No

Organization Details

Principal Officer
Robert Curtis
Formed
2008
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
3

Preparer

Firm
Perrigo CPA LLC
Address
1001 SHIELDS STREET, LANSE, MI 49946
Preparer
Ryan Perrigo CPA
Phone
9062010669
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

“Financials are audited on an annual basis by an indepedent accounting firm.”

Explanation of other changes in net assets or fund balances Part XI line 9

“$135423 change in net assets was due to cecl provision for credit losses not recognised in prior year.”

List of other expenses Part IX line 24E

“PART IX LINE 24e INCLUDES PROVISION”

Financial Statement Notes

Escrow account liability (Part IV, line 2B)

“As part of the organizations brokering service, the organization will receive and remit escrow payments for taxes and insurance payments for the homeowners.”

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IRS990/NetAssetsOrFundBalancesEOYAmt03084286
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02912683
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03084286
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt06900
IRS990/OccupancyGrp/TotalAmt06900
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04292
IRS990/OfficeExpensesGrp/ProgramServicesAmt07773
IRS990/OfficeExpensesGrp/TotalAmt012065
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-152895
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08020
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08020
IRS990/OtherExpensesGrp/Desc0FEES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2NMLS DUES
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04235
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12864
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21190
IRS990/OtherExpensesGrp/ProgramServicesAmt011958
IRS990/OtherExpensesGrp/ProgramServicesAmt11650
IRS990/OtherExpensesGrp/TotalAmt016193
IRS990/OtherExpensesGrp/TotalAmt12864
IRS990/OtherExpensesGrp/TotalAmt21650
IRS990/OtherExpensesGrp/TotalAmt31190
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016142
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0142804
IRS990/OtherSalariesAndWagesGrp/TotalAmt0158946
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03942351
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03769465
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01235
IRS990/PayrollTaxesGrp/ProgramServicesAmt010783
IRS990/PayrollTaxesGrp/TotalAmt012018
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01069
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0900
IRS990/PrincipalOfficerNm0ROBERT CURTIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522299
IRS990/ProgramServiceRevenueGrp/BusinessCd1522299
IRS990/ProgramServiceRevenueGrp/BusinessCd2522299
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1LOAN ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2LATE PAYMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0216831
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0216831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22179
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATIONS PARTNERSHIP WITH THE FEDERAL HOME LOAN BANK OF INDIANAPOLIS ALLOWED FOR THE PASS-THROUGH OF 15 NEIGHBORHOOD IMPACT PROGRAM GRANTS TO LOW-INCOME RECIPIENTS. THESE GRANTS ASSISTED WITH HOME MAINTENANCE AND REPAIR FINANCING ESSENTIAL IN LOW INCOME COMMUNITIES PRONE TO WEATHER DAMAGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0192574
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0192574
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0182121
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION ISSUED 13 CREDIT BUILDER LOANS, 4 SMALL BUSINESS LOANS ,AND PROVIDED 1 SMALL BUSINESS PASS-THROUGH GRANT. THE ORGANIZATION ASSISTS CLIENTS THROUGH TECHNICAL ASSISTANCE PROGRAMS WITH EMPHASIS IN BUDGETING AND CREDIT.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt024567
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0942256
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03140
IRS990/PYOtherExpensesAmt097610
IRS990/PYProgramServiceRevenueAmt0257656
IRS990/PYRevenuesLessExpensesAmt0870341
IRS990/PYSalariesCompEmpBnftPaidAmt0235101
IRS990/PYTotalExpensesAmt0332711
IRS990/PYTotalRevenueAmt01203052
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt0129494
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0324498
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0348444
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0632858
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0358378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0677698
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0938256
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0438690
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0931290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0209743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03195677
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0229167
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0260796
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0239125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0226368
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0216532
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01171988
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73170
IRS990ScheduleA/PublicSupportPY170Pct00.68090
IRS990ScheduleA/PublicSupportTotal170Amt03195677
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0677698
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0938256
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0438690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0931290
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0209743
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03195677
IRS990ScheduleA/TotalSupportAmt04367665
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt042900
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt042900
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt031500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1700
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FHLB OF INDIANAPOLIS STOCK SHARES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS PART OF THE ORGANIZATIONS BROKERING SERVICE, THE ORGANIZATION WILL RECEIVE AND REMIT ESCROW PAYMENTS FOR TAXES AND INSURANCE PAYMENTS FOR THE HOMEOWNERS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Escrow account liability (Part IV, line 2b)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042900
IRS990ScheduleD/TotalBookValueSecuritiesAmt032200
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RYAN PERRIGO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0HUSBAND TO FINANCE COORDINATOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt014097
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROVIDED ACCOUNTING OVERSIGHT AND TAX PREP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0121297
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt18197
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0HOME MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CCC PROGRAM
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0126100
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt110000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0EDWARD EDWARDS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1EDWARD EDWARDS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1EXECUTIVE DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0129494
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES ARE KEPT OF THE BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FEDERAL FORM 990 AND APPROVAL IS REQUIRED PRIOR TO SUBMITTAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ESTABLISH THE EXECUTIVE DIRECTORS AND KEY EMPLOYEE SALARIES WHEN HIRED. THE BOARD OF DIRECTORS APPROVE BUDGETS WITH ANNUAL RAISES INCLUDED. THE BOARD OF DIRECTORS MAY MODIFY SALARIES IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ESTABLISH SALARIES FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES. THE BOARD OF DIRECTORS REVIEW BUDGETS ANNUALLY AND ESTABLISH SALARIES INCREASES IN THE BUDGETS. THE BOARD OF DIRECTORS MAY ADJUST SALARIES AS NECESSARY THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATMENTS ARE MADE AVAILABLE AND PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIALS ARE AUDITED ON AN ANNUAL BASIS BY AN INDEPEDENT ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6$135423 CHANGE IN NET ASSETS WAS DUE TO CECL PROVISION FOR CREDIT LOSSES NOT RECOGNISED IN PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PART IX LINE 24e INCLUDES PROVISION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Audited by an independent accountant Part XII line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04645362
IRS990/TotalAssetsEOYAmt04378062
IRS990/TotalAssetsGrp/BOYAmt04645362
IRS990/TotalAssetsGrp/EOYAmt04378062

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