Civic Intelligence

Marketplace Square Condominium Association

EIN 37-1834499 • 501(c)2 • Grand Rapids, MI

Grand Rapids, MI
Siviq Scores

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

Liabilities / Assets

90th percentile

1.00x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

74th percentile

0.46x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Net Margin

51st percentile

0.0%

Higher net margin than 51% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

99th percentile

210%

Faster asset growth than 99% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

25%

Faster revenue growth than 83% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$23,458

Up $15,883 (+210%) from 2020

Liabilities

Up

$23,458

Up $15,883 (+210%) from 2020

Net Assets

Flat

$0

Flat from 2020

Operations
Liabilities / Revenue74th percentileNet Margin51st percentile

Revenue

Up

$50,980

Up $10,242 (+25%) from 2020

Expenses

Up

$50,980

Up $10,242 (+25%) from 2020

Net Income

Flat

$0

Flat from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$30K$20K$10K$0Assets 2017: $314Liabilities 2017: $314Net Assets 2017: $02017Assets 2020: $7,575Liabilities 2020: $7,575Net Assets 2020: $02020Assets 2021: $23,458Liabilities 2021: $23,458Net Assets 2021: $02021

Highlighted filing

2021

Assets$23,458
Liabilities$23,458
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth83rd percentile

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

$60K$40K$20K$0Revenue 2017: $10,509Expenses 2017: $10,509Net Income 2017: $02017Revenue 2020: $40,738Expenses 2020: $40,738Net Income 2020: $02020Revenue 2021: $50,980Expenses 2021: $50,980Net Income 2021: $02021

Highlighted filing

2021

Revenue$50,980
Expenses$50,980
Net Income$0
Open 2021 Filing

Filings

Most recent year

2021 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$23,458
Liabilities
$23,458
Net assets
$0
Revenue
$50,980
Expenses
$50,980
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$23.5$0.00$51.0$51.0$0.00
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$7.58$7.58$0.00$40.7$40.7$0.00
2017Summary only. Only limited summary data is available for this year.$0.31$0.31$0.00$10.5$10.5$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 10, 2022
Return Version
2021v4.0
Gross Receipts
$50,980
Mission and Program Overview

Mission

The organization is a nonprofit corporation whose sole activity is to manage, operate, maintain and replace common elements of condominium property for the benefit of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,575$22,687▲ $15,112
Prepaid Expenses and Deferred Charges-$771-
Total Assets$7,575$23,458▲ $15,883
Liabilities
Deferred Revenue$7,575$16,079▲ $8,504
Accounts Payable and Accrued Expenses-$7,379-
Total Liabilities$7,575$23,458▲ $15,883
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$7,575$23,458▲ $15,883
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Dan ClemoPresident
Ufuk TuranSecretary
John FrancisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,980
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,980
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 Management---$7,747
All Other Expenses---$4,336
Other Expenses---$2,106
Fees for Services Legal---$963
Fees for Services Accounting---$450
Insurance---$257
Total Functional Expenses$0$0$0$50,980
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The association president and property manager review the return prior to signing and filing.”

Form 990, Page 6, Part VI, Line 18

“Documents are available for condominium association members.”

Form 990, Page 6, Part VI, Line 19

“Documents are available for condominium association members.”

Filing and Contact Details

Filer

Filer Name
Marketplace Square Condominium
EIN
37-1834499
Phone
6164255525
Address
7125 HEADLEY ST SE 893, ADA, MI 49301

Signing Officer

Name
Dan Clemo
Title
President
Phone
6164255525
Signed
2022-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Clemo
Formed
2016
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Dehoek & Company Pllc
Address
2025 EAST BELTLINE SE 204, GRAND RAPIDS, MI 49546
Preparer
Daniel R Dehoek
Phone
6164565530
Raw XML Appendix228 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07379
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE ORGANIZATION IS A NONPROFIT CORPORATION WHOSE SOLE ACTIVITY IS TO MANAGE, OPERATE, MAINTAIN AND REPLACE COMMON ELEMENTS OF CONDOMINIUM PROPERTY FOR THE BENEFIT OF MEMBERS.
IRS990/AddressChangeInd0X
IRS990/AllOtherExpensesGrp/TotalAmt04336
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JENNIFER BONNEY
IRS990/BooksInCareOfDetail/PhoneNum06164255525
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07125 HEADLEY ST SE 893
IRS990/BooksInCareOfDetail/USAddress/CityNm0ADA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049301
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt07575
IRS990/CashNonInterestBearingGrp/EOYAmt022687
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt050980
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt050980
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt050980
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt050980
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt07575
IRS990/DeferredRevenueGrp/EOYAmt016079
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE ORGANIZATION IS A NONPROFIT CORPORATION WHOSE SOLE ACTIVITY IS TO MANAGE, OPERATE, MAINTAIN AND REPLACE COMMON ELEMENTS OF CONDOMINIUM PROPERTY FOR THE BENEFIT OF MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt0450
IRS990/FeesForServicesLegalGrp/TotalAmt0963
IRS990/FeesForServicesManagementGrp/TotalAmt07747
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0DAN CLEMO
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN FRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm2UFUK TURAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt050980
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt0257
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt050980
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION IS A NONPROFIT CORPORATION WHOSE SOLE ACTIVITY IS TO MANAGE, OPERATE, MAINTAIN AND REPLACE COMMON ELEMENTS OF CONDOMINIUM PROPERTY FOR THE BENEFIT OF MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SNOW REMOVAL
IRS990/OtherExpensesGrp/Desc1GROUNDS CARE
IRS990/OtherExpensesGrp/Desc2WASTE REMOVAL
IRS990/OtherExpensesGrp/Desc3SEASONAL DECORATIONS
IRS990/OtherExpensesGrp/TotalAmt013957
IRS990/OtherExpensesGrp/TotalAmt111666
IRS990/OtherExpensesGrp/TotalAmt29498
IRS990/OtherExpensesGrp/TotalAmt32106
IRS990/OtherInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0771
IRS990/PrincipalOfficerNm0DAN CLEMO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt040738
IRS990/PYOtherExpensesAmt040738
IRS990/PYTotalExpensesAmt040738
IRS990/PYTotalRevenueAmt040738
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION PRESIDENT AND PROPERTY MANAGER REVIEW THE RETURN PRIOR TO SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE FOR CONDOMINIUM ASSOCIATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR CONDOMINIUM ASSOCIATION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07575
IRS990/TotalAssetsEOYAmt023458
IRS990/TotalAssetsGrp/BOYAmt07575
IRS990/TotalAssetsGrp/EOYAmt023458
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt050980
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt050980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07575
IRS990/TotalLiabilitiesEOYAmt023458
IRS990/TotalLiabilitiesGrp/BOYAmt07575
IRS990/TotalLiabilitiesGrp/EOYAmt023458
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt050980
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07575
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023458
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt07125 HEADLEY ST SE 893
IRS990/USAddress/CityNm0ADA
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049301
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN CLEMO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06164255525
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARKETPLACE SQUARE CONDOMINIUM
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0MARK
ReturnHeader/Filer/EIN0371834499
ReturnHeader/Filer/PhoneNum06164255525
ReturnHeader/Filer/USAddress/AddressLine1Txt07125 HEADLEY ST SE 893
ReturnHeader/Filer/USAddress/CityNm0ADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260230078
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEHOEK & COMPANY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02025 EAST BELTLINE SE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049546
ReturnHeader/PreparerPersonGrp/PhoneNum06164565530
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL R DEHOEK
ReturnHeader/ReturnTs02022-04-11T11:45:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CLEMO
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.