Civic Intelligence

Cedar Park Senior Housing

EIN 38-2417384 • 501(c)3 • Schoolcraft, MI

Profile

To provide elderly and handicapped persons with housing facilities and services specially designed to meet their needs.

474 Cedar StSchoolcraft, MI 49087

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

1.70x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

2.42x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

64th percentile

10.0%

Higher net margin than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

53rd percentile

-0.3%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$449,075

Down $1,151 (-0.3%) from 2023

Liabilities

Down

$764,218

Down $32,588 (-4.1%) from 2023

Net Assets

Up

-$315,143

Up $31,437 (+9.1%) from 2023

Revenue

Up

$315,739

Up $28,740 (+10%) from 2023

Expenses

Down

$284,302

Down $880 (-0.3%) from 2023

Net Income

Up

$31,437

Up $29,620 (+1630%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $750,937Liabilities 2010: $1,020,871Net Assets 2010: -$269,9342010Assets 2011: $745,525Liabilities 2011: $1,004,910Net Assets 2011: -$259,3852011Assets 2012: $739,898Liabilities 2012: $993,411Net Assets 2012: -$253,5132012Assets 2013: $710,530Liabilities 2013: $990,030Net Assets 2013: -$279,5002013Assets 2014: $694,329Liabilities 2014: $975,017Net Assets 2014: -$280,6882014Assets 2015: $687,943Liabilities 2015: $959,971Net Assets 2015: -$272,0282015Assets 2016: $685,069Liabilities 2016: $976,418Net Assets 2016: -$291,3492016Assets 2017: $623,314Liabilities 2017: $928,803Net Assets 2017: -$305,4892017Assets 2018: $591,898Liabilities 2018: $917,286Net Assets 2018: -$325,3882018Assets 2019: $595,760Liabilities 2019: $927,889Net Assets 2019: -$332,1292019Assets 2020: $548,491Liabilities 2020: $896,313Net Assets 2020: -$347,8222020Assets 2021: $513,306Liabilities 2021: $863,389Net Assets 2021: -$350,0832021Assets 2022: $452,656Liabilities 2022: $801,053Net Assets 2022: -$348,3972022Assets 2023: $450,226Liabilities 2023: $796,806Net Assets 2023: -$346,5802023Assets 2024: $449,075Liabilities 2024: $764,218Net Assets 2024: -$315,1432024

Highlighted filing

2024

Assets$449,075
Liabilities$764,218
Net Assets-$315,143

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $245,5282010Expenses 2011: $244,2362011Expenses 2012: $250,7422012Revenue 2013: $262,753Expenses 2013: $288,740Net Income 2013: -$25,9872013Revenue 2014: $263,411Expenses 2014: $264,599Net Income 2014: -$1,1882014Revenue 2015: $263,505Expenses 2015: $254,845Net Income 2015: $8,6602015Revenue 2016: $256,546Expenses 2016: $275,867Net Income 2016: -$19,3212016Revenue 2017: $265,007Expenses 2017: $279,147Net Income 2017: -$14,1402017Revenue 2018: $268,573Expenses 2018: $288,472Net Income 2018: -$19,8992018Revenue 2019: $274,310Expenses 2019: $281,051Net Income 2019: -$6,7412019Revenue 2020: $270,305Expenses 2020: $285,998Net Income 2020: -$15,6932020Revenue 2021: $280,416Expenses 2021: $282,677Net Income 2021: -$2,2612021Revenue 2022: $283,210Expenses 2022: $281,524Net Income 2022: $1,6862022Revenue 2023: $286,999Expenses 2023: $285,182Net Income 2023: $1,8172023Revenue 2024: $315,739Expenses 2024: $284,302Net Income 2024: $31,4372024

Highlighted filing

2024

Revenue$315,739
Expenses$284,302
Net Income$31,437

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.76$0.32$0.32$0.28$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.80$0.35$0.29$0.29$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.45$0.80$0.35$0.28$0.28$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.86$0.35$0.28$0.28$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.55$0.90$0.35$0.27$0.29$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.93$0.33$0.27$0.28$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.92$0.33$0.27$0.29$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.62$0.93$0.31$0.27$0.28$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.98$0.29$0.26$0.28$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.96$0.27$0.26$0.25$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.98$0.28$0.26$0.26$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.71$0.99$0.28$0.26$0.29$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.99$0.25$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.00$0.26$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$1.02$0.27$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 27, 2025
Return Version
2024v5.0
Gross Receipts
$330,538
Mission and Program Overview

Mission

Primary exempt purpose to provide elderly and handicapped persons with housing facilities and services specially designed to meet their need

To provide elderly and handicapped persons with housing facilities and services specially designed to meet their needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$257,842$343,356▲ $85,514
Cash and Non-Interest-Bearing Accounts$57,887$25,647▼ $32,240
Accounts Receivable$3,617$12,190▲ $8,573
Prepaid Expenses and Deferred Charges$6,666$10,365▲ $3,699
Savings and Temporary Cash Investments$6,318$6,619▲ $301
Total Assets$450,226$449,075▼ $1,151
Other Assets Total$117,896$50,898▼ $66,998
Liabilities
Mortgage Notes Payable Secured by Investment Property$750,101$728,203▼ $21,898
Other Liabilities$31,070$20,747▼ $10,323
Accounts Payable and Accrued Expenses$15,635$15,268▼ $367
Total Liabilities$796,806$764,218▼ $32,588
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-346,580$-315,143▲ $31,437
Total Net Assets Fund Balance$-346,580$-315,143▲ $31,437
Total Liabilities and Net Assets / Fund Balance$450,226$449,075▼ $1,151

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$134,962$1,175,915$1,310,877
Land$45,473-$45,473
Other Assets Org$6,357--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Terry DehartPresident
Betty BrooksDirector
Jane JohnsonDirector
Mollie HartliebSecretary
Joanne BowesTreasurer
Kim MaxamVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$24,412
Program Service Revenue
$293,946
Investment Income
$-14,493
Other Revenue
$11,874
Change in Net Assets
$31,437

Audited Revenue Reconciliation

Revenue per Audited Statements
$315,739
Total Revenue per Audited Statements
$315,739
Total Revenue per Form 990
$315,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,610
Salaries, Compensation, and Employee Benefits$44,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$49,318--$49,318
Depreciation Depletion$42,225--$42,225
Occupancy$42,047--$42,047
Other Salaries and Wages$8,150$26,335-$34,485
Fees for Services Management-$17,565-$17,565
Insurance$17,236--$17,236
Office Expenses-$10,999-$10,999
Fees for Services Accounting-$6,700-$6,700
Payroll Taxes$5,898--$5,898
Other Employee Benefits$4,309--$4,309
Other Expenses$966--$966
Advertising-$33-$33
Total Functional Expenses$222,670$61,632$0$284,302

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$284,302
Total Expenses per Audited Statements$284,302
Total Expenses per Form 990$284,302
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
Security Deposit Liability$10,272
Miscellaneous$8,293
Prepaid Revenue$2,182
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board of directors reviews the form 990 at a board meeting

Form 990, Page 6, Part VI, Line 12C

Enforcement of conflicts policy is regularly monitored for compliance

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon written request to the executive director.

Filing and Contact Details

Filer

Filer Name
Cedar Park Senior Housing
EIN
38-2417384
Phone
2696795469
Address
474 CEDAR ST, SCHOOLCRAFT, MI 49087

Signing Officer

Name
Terry Dehart
Title
President
Phone
2696795469
Signed
2025-08-27

Organization Details

Principal Officer
Terry Dehart
Formed
1984
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Seber Tans Plc
Address
555 W CROSSTOWN PARKWAY STE 304, KALAMAZOO, MI 49008
Preparer
Thomas J Horwath
Phone
2693438180
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Loss on asset disposal 0 loss on asset disposal 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

LOSS ON ASSET DISPOSAL 0

Schedule D, Page 4, Part XII, Line 2D

LOSS ON ASSET DISPOSAL 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY IS REGULARLY MONITORED FOR COMPLIANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-27
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