Civic Intelligence

Colchester Properties Inc Co Albion College

EIN 38-2025320 • 501(c)2 • Albion, MI

Profile

Colchester properties, inc. Is a real estate holding company for albion college. Its purpose is to acquire property adjacent to albion college property for possible future development and expansion of the college. Held properties, if possible, are rented to employees and members of the community, if not suitable the structures are razed and held as land.

611 East Porter StreetAlbion, MI 49224

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

3.30x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

4.42x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Net Margin

83rd percentile

60%

Higher net margin than 83% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Top Officer Pay

90th percentile

$127,044

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 40.9% of source-year revenue.

501(c)2 • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-8.7%

Faster asset growth than 40% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

411%

Faster revenue growth than 97% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$416,636

Down $39,722 (-8.7%) from 2023

Liabilities

Flat

$1,373,876

Flat from 2023

Net Assets

Down

-$957,240

Down $39,722 (-4.3%) from 2023

Revenue

Up

$310,605

Up $249,819 (+411%) from 2023

Expenses

Down

$125,075

Down $30,832 (-20%) from 2023

Net Income

Up

$185,530

Up $280,651 (+295%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $934,674Liabilities 2010: $1,201,731Net Assets 2010: -$267,0572010Assets 2014: $876,488Liabilities 2014: $1,402,665Net Assets 2014: -$526,1772014Assets 2015: $767,643Liabilities 2015: $1,306,290Net Assets 2015: -$538,6472015Assets 2016: $929,832Liabilities 2016: $1,474,682Net Assets 2016: -$544,8502016Assets 2017: $950,440Liabilities 2017: $1,616,260Net Assets 2017: -$665,8202017Assets 2018: $892,603Liabilities 2018: $1,575,652Net Assets 2018: -$683,0492018Assets 2019: $713,352Liabilities 2019: $1,421,676Net Assets 2019: -$708,3242019Assets 2020: $656,247Liabilities 2020: $1,396,632Net Assets 2020: -$740,3852020Assets 2021: $569,300Liabilities 2021: $1,398,201Net Assets 2021: -$828,9012021Assets 2022: $535,076Liabilities 2022: $1,382,965Net Assets 2022: -$847,8892022Assets 2023: $456,358Liabilities 2023: $1,373,876Net Assets 2023: -$917,5182023Assets 2024: $416,636Liabilities 2024: $1,373,876Net Assets 2024: -$957,2402024

Highlighted filing

2024

Assets$416,636
Liabilities$1,373,876
Net Assets-$957,240

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2010: $37,625Expenses 2010: $43,807Net Income 2010: -$6,1822010Revenue 2014: $134,751Expenses 2014: $421,980Net Income 2014: -$287,2292014Revenue 2015: $88,524Expenses 2015: $100,994Net Income 2015: -$12,4702015Revenue 2016: $104,810Expenses 2016: $111,013Net Income 2016: -$6,2032016Revenue 2017: $22,864Expenses 2017: $143,834Net Income 2017: -$120,9702017Revenue 2018: $102,880Expenses 2018: $120,109Net Income 2018: -$17,2292018Revenue 2019: $93,632Expenses 2019: $144,256Net Income 2019: -$50,6242019Revenue 2020: $72,055Expenses 2020: $122,758Net Income 2020: -$50,7032020Revenue 2021: $8,901Expenses 2021: $85,702Net Income 2021: -$76,8012021Revenue 2022: $103,222Expenses 2022: $150,178Net Income 2022: -$46,9562022Revenue 2023: $60,786Expenses 2023: $155,907Net Income 2023: -$95,1212023Revenue 2024: $310,605Expenses 2024: $125,075Net Income 2024: $185,5302024

Highlighted filing

2024

Revenue$310,605
Expenses$125,075
Net Income$185,530

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$1.37$0.96$0.31$0.13$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$1.37$0.92$0.06$0.16$0.10
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.54$1.38$0.85$0.10$0.15$0.05
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$1.40$0.83$0.01$0.09$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$1.40$0.74$0.07$0.12$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$1.42$0.71$0.09$0.14$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$1.58$0.68$0.10$0.12$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$1.62$0.67$0.02$0.14$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.93$1.47$0.54$0.10$0.11$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$1.31$0.54$0.09$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.88$1.40$0.53$0.13$0.42$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$1.20$0.27$0.04$0.04$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$350,560
Mission and Program Overview

Mission

Colchester properties, inc. Is a real estate holding company for albion college. Its purpose is to acquire property adjacent to albion college property for possible future development and expansion of the college. Held properties, if possible, are rented to employees and members of the community, if not suitable the structures are razed and held as vacant land.

501(c)(2) colchester properties, inc. Is a real estate holding company for albion college. Its purpose is to acquire property adjacent to albion college property for possible future development and expansion of the college. Held properties, if possible, are rented to members of the community, if not suitable the structures are razed and held as vacant land.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$456,358$416,636▼ $39,722
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$456,358$416,636▼ $39,722
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$1,371,801$1,371,801→ $0
Accounts Payable and Accrued Expenses$1,400$1,400→ $0
Deferred Revenue$675$675→ $0
Total Liabilities$1,373,876$1,373,876→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-917,518$-957,240▼ $39,722
Total Net Assets Fund Balance$-917,518$-957,240▼ $39,722
Total Liabilities and Net Assets / Fund Balance$456,358$416,636▼ $39,722

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$153,109$981,688$1,134,797
Land$263,527-$263,527
Equipment$0$49,254$49,254
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mark HolbrookController$127,044$127,044
Amanda EwersTreasurer$91,425$91,425
Michael FoxManager$87,394$87,394
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,800
Investment Income
$259,805
Other Revenue
$0
Change in Net Assets
$185,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,075
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
Occupancy---$116,518
Depreciation Depletion---$8,557
Total Functional Expenses$0$0$0$125,075
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Albion College$1,371,801
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Line 11B Review of form 990 by governing body

Officers reviewed the return prior to submitting it to the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

Through the college, we complete annual conflict of interest documentation. The conflict of interest document is approved by the audit and compliance subcommittee annually. The approved document is then distributed to board members, faculty, and staff, and all documents are collected prior to final release of the 990 to the irs. Members of the board, president's administrative committee, faculty, and staff who have a conflict of interest in any matter shall refrain from participating in the consideration of the proposed transaction. The person or persons involved will not vote on such matters.

Form 990, Part VI, Line 19 Required documents available to the public

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Colchester Properties Inc Co Albion College
EIN
38-2025320
Phone
5176290540
Address
611 EAST PORTER STREET, ALBION, MI 49224

Signing Officer

Name
W Scott Roberts
Title
Controller
Phone
5176290540
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1972
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
111 E Wayne Street Suite 600, Fort Wayne, IN 46802
Preparer
Lauren Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Transfer to affiliate - -225252;

Form 990, Part XII, Line 2C

The process for the oversight of the audit has not changed from the prior year.

Financial Statement Notes

Schedule D, Part X ASC 740

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Raw XML Appendix361 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO ALBION COLLEGE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X ASC 740
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0416636
IRS990ScheduleD/TotalLiabilityAmt01371801
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS REVIEWED THE RETURN PRIOR TO SUBMITTING IT TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THROUGH THE COLLEGE, WE COMPLETE ANNUAL CONFLICT OF INTEREST DOCUMENTATION. THE CONFLICT OF INTEREST DOCUMENT IS APPROVED BY THE AUDIT AND COMPLIANCE SUBCOMMITTEE ANNUALLY. THE APPROVED DOCUMENT IS THEN DISTRIBUTED TO BOARD MEMBERS, FACULTY, AND STAFF, AND ALL DOCUMENTS ARE COLLECTED PRIOR TO FINAL RELEASE OF THE 990 TO THE IRS. MEMBERS OF THE BOARD, PRESIDENT'S ADMINISTRATIVE COMMITTEE, FACULTY, AND STAFF WHO HAVE A CONFLICT OF INTEREST IN ANY MATTER SHALL REFRAIN FROM PARTICIPATING IN THE CONSIDERATION OF THE PROPOSED TRANSACTION. THE PERSON OR PERSONS INVOLVED WILL NOT VOTE ON SUCH MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER TO AFFILIATE - -225252;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR THE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9 Other changes in net assets or fund balances
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381359081
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Higher Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0611 E Porter St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Albion
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0456358
IRS990/TotalAssetsEOYAmt0416636
IRS990/TotalAssetsGrp/BOYAmt0456358
IRS990/TotalAssetsGrp/EOYAmt0416636
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125075
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01373876
IRS990/TotalLiabilitiesGrp/BOYAmt01373876
IRS990/TotalLiabilitiesGrp/EOYAmt01373876
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-917518
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-957240
IRS990/TotalOtherCompensationAmt038459
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt050800
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0259805
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt050800
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0310605
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0456358
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0416636
IRS990/TotReportableCompRltdOrgAmt0267404
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0611 EAST PORTER STREET
IRS990/USAddress/CityNm0ALBION
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049224
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0W SCOTT ROBERTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CONTROLLER
ReturnHeader/BusinessOfficerGrp/PhoneNum05176290540
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLCHESTER PROPERTIES INC CO ALBION COLLEGE
ReturnHeader/Filer/BusinessNameControlTxt0COLC
ReturnHeader/Filer/EIN0382025320
ReturnHeader/Filer/PhoneNum05176290540
ReturnHeader/Filer/USAddress/AddressLine1Txt0611 EAST PORTER STREET
ReturnHeader/Filer/USAddress/CityNm0ALBION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049224
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Forvis Mazars LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 E Wayne Street Suite 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fort Wayne
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046802
ReturnHeader/PreparerPersonGrp/PhoneNum02604604000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lauren Denton
ReturnHeader/ReturnTs02025-05-14T13:26:43+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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