Civic Intelligence

Caspian Housing Corporation

EIN 38-2474246 • 501(c)3 • Escanaba, MI

Profile

The mission of the caspian housing corporation is to provide subsidized housing to elderly individuals. Housing provided to 28 elderly individuals in the current year.

C/O Upcap Services Inc PO Box 606Escanaba, MI 49829
Siviq Scores

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

Liabilities / Assets

97th percentile

2.84x

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

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

Liabilities / Revenue

98th percentile

3.11x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

47th percentile

0.0%

Higher net margin than 47% of similar nonprofits.

501(c)3 • <$500k 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

31st percentile

-18%

Faster asset growth than 31% of similar nonprofits.

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

Revenue Growth

66th percentile

12%

Faster revenue growth than 66% of similar nonprofits.

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

Assets

Down

$311,106

Down $69,853 (-18%) from 2023

Liabilities

Down

$882,358

Down $69,977 (-7.3%) from 2023

Net Assets

Up

-$571,252

Up $124 (+0.0%) from 2023

Revenue

Up

$283,794

Up $30,700 (+12%) from 2023

Expenses

Up

$283,673

Up $22,018 (+8.4%) from 2023

Net Income

Up

$121

Up $8,682 (+101%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2011: $584,791Liabilities 2011: $1,147,536Net Assets 2011: -$562,7452011Assets 2012: $552,886Liabilities 2012: $1,143,417Net Assets 2012: -$590,5312012Assets 2013: $498,202Liabilities 2013: $1,131,621Net Assets 2013: -$633,4192013Assets 2014: $447,049Liabilities 2014: $1,105,397Net Assets 2014: -$658,3482014Assets 2015: $435,173Liabilities 2015: $1,093,255Net Assets 2015: -$658,0822015Assets 2016: $417,000Liabilities 2016: $1,083,035Net Assets 2016: -$666,0352016Assets 2017: $396,991Liabilities 2017: $1,037,154Net Assets 2017: -$640,1632017Assets 2018: $368,785Liabilities 2018: $1,048,987Net Assets 2018: -$680,2022018Assets 2019: $382,484Liabilities 2019: $1,011,873Net Assets 2019: -$629,3892019Assets 2020: $353,098Liabilities 2020: $971,964Net Assets 2020: -$618,8662020Assets 2021: $359,219Liabilities 2021: $955,518Net Assets 2021: -$596,2992021Assets 2022: $350,343Liabilities 2022: $913,158Net Assets 2022: -$562,8152022Assets 2023: $380,959Liabilities 2023: $952,335Net Assets 2023: -$571,3762023Assets 2024: $311,106Liabilities 2024: $882,358Net Assets 2024: -$571,2522024

Highlighted filing

2024

Assets$311,106
Liabilities$882,358
Net Assets-$571,252

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $230,144Expenses 2011: $253,528Net Income 2011: -$23,3842011Revenue 2012: $229,051Expenses 2012: $256,837Net Income 2012: -$27,7862012Revenue 2013: $213,605Expenses 2013: $256,493Net Income 2013: -$42,8882013Revenue 2014: $239,877Expenses 2014: $264,806Net Income 2014: -$24,9292014Revenue 2015: $252,359Expenses 2015: $252,094Net Income 2015: $2652015Revenue 2016: $246,871Expenses 2016: $254,823Net Income 2016: -$7,9522016Revenue 2017: $218,030Expenses 2017: $263,686Net Income 2017: -$45,6562017Revenue 2018: $259,994Expenses 2018: $228,505Net Income 2018: $31,4892018Revenue 2019: $298,545Expenses 2019: $247,732Net Income 2019: $50,8132019Revenue 2020: $244,705Expenses 2020: $234,182Net Income 2020: $10,5232020Revenue 2021: $248,267Expenses 2021: $225,700Net Income 2021: $22,5672021Revenue 2022: $271,536Expenses 2022: $238,052Net Income 2022: $33,4842022Revenue 2023: $253,094Expenses 2023: $261,655Net Income 2023: -$8,5612023Revenue 2024: $283,794Expenses 2024: $283,673Net Income 2024: $1212024

Highlighted filing

2024

Revenue$283,794
Expenses$283,673
Net Income$121

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.88$0.57$0.28$0.28$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.95$0.57$0.25$0.26$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.91$0.56$0.27$0.24$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.96$0.60$0.25$0.23$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.97$0.62$0.24$0.23$0.01
2019Summary only. Only limited summary data is available for this year.$0.38$1.01$0.63$0.30$0.25$0.05
2018Summary only. Only limited summary data is available for this year.$0.37$1.05$0.68$0.26$0.23$0.03
2017Summary only. Only limited summary data is available for this year.$0.40$1.04$0.64$0.22$0.26$0.05
2016Summary only. Only limited summary data is available for this year.$0.42$1.08$0.67$0.25$0.25$0.01
2015Summary only. Only limited summary data is available for this year.$0.44$1.09$0.66$0.25$0.25$0.00
2014Summary only. Only limited summary data is available for this year.$0.45$1.11$0.66$0.24$0.26$0.02
2013Summary only. Only limited summary data is available for this year.$0.50$1.13$0.63$0.21$0.26$0.04
2012Summary only. Only limited summary data is available for this year.$0.55$1.14$0.59$0.23$0.26$0.03
2011Summary only. Only limited summary data is available for this year.$0.58$1.15$0.56$0.23$0.25$0.02
Latest Detailed Filing

The latest 2024 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
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$271,536
Mission and Program Overview

Mission

The mission of the caspian housing corporation is to provide subsidized housing to elderly individuals. Housing provided to 28 elderly individuals in the current year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$189,924$177,603▼ $12,321
Savings and Temporary Cash Investments$81,114$92,056▲ $10,942
Intangible Assets$69,841$66,260▼ $3,581
Accounts Receivable$13,762$10,640▼ $3,122
Prepaid Expenses and Deferred Charges$4,528$3,734▼ $794
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$359,219$350,343▼ $8,876
Liabilities
Mortgage Notes Payable Secured by Investment Property$913,911$882,180▼ $31,731
Accounts Payable and Accrued Expenses$12,818$15,776▲ $2,958
Other Liabilities$13,736$9,717▼ $4,019
Deferred Revenue$9,568--
Unsecured Notes Loans Payable$5,485$5,485→ $0
Total Liabilities$955,518$913,158▼ $42,360
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-596,299$-562,815▲ $33,484
Total Net Assets Fund Balance$-596,299$-562,815▲ $33,484
Total Liabilities and Net Assets / Fund Balance$359,219$350,343▼ $8,876

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$147,603$1,382,538$1,530,141
Land$30,000-$30,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
James BaumgartnerPresident
Jerry AndersonDirector
Authur AregoniSecretary/tr
Douglas KraatzVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$174,411
Program Service Revenue
$95,237
Investment Income
$80
Other Revenue
$1,808
Change in Net Assets
$33,484

Audited Revenue Reconciliation

Revenue per Audited Statements
$271,536
Total Revenue per Audited Statements
$271,536
Total Revenue per Form 990
$271,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,052
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$86,680--$86,680
Interest$30,132--$30,132
All Other Expenses$24,479--$24,479
Depreciation Depletion$23,734--$23,734
Fees for Services Management-$16,368-$16,368
Insurance$10,039--$10,039
Fees for Services Accounting-$6,869-$6,869
Other Expenses$5,783--$5,783
Advertising$2,011--$2,011
Fees for Services Other-$1,580-$1,580
Office Expenses$1,115--$1,115
Fees for Services Legal-$693-$693
Travel-$556-$556
Total Functional Expenses$211,986$26,066$0$238,052

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$238,052
Total Expenses per Audited Statements$238,052
Total Expenses per Form 990$238,052
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
Tenent Security Deposit Payable$6,860
Accrued Interest$2,551
Banked Leave Payable$306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 9

James baumgartner po box 17 caspian, mi 49915

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

Cpa prepares form 990 and required schedules. Form is reviewed and signed by management agent's executive director.

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

Board members are required to disclose any confict of interest annually in a signed statement. Staff continuously monitor transactions during the year for any noted conflicts.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available upon written or verbal request. Form 990 is published on the guidestar website.

Filing and Contact Details

Filer

Filer Name
Caspian Housing Corporation
EIN
38-2474246
Phone
9067864701
Address
C/O UPCAP SERVICES INC PO BOX 606, ESCANABA, MI 49829
Doing Business As
Spring Valley Apartments

Signing Officer

Name
James Baumgartner
Title
President
Phone
9067864701
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Baumgartner
Formed
1983
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Anderson Tackman & Company Plc
Address
901 LUDINGTON STREET, ESCANABA, MI 49829
Preparer
Brandy M Olson CPA
Phone
9067863111
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Repair supplies 4,139 0 0 mip expense 3,976 0 0 elevator maint expense 3,116 0 0 grounds contracted 2,933 0 0 misc operating maintenanc 2,524 0 0 exterminating expense 2,280 0 0 fica tax expense 2,280 0 0 vehicle equip maintenace 1,866 0 0 snow removal expense 1,702 0 0 miscellaneous expense 799 0 0 grounds supplies 720 0 0 heat/cool repair maint 425 0 0 health insurance expense 210 0 0 worker's comp expense 197 0 0 misc bank charges 20 0 0 banked leave expense -2,708 0 0 total 24,479 0 0

Raw XML Appendix351 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt098
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0145822
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01382538
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IRS990ScheduleD/ExpensesSubtotalAmt0238052
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030000
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12551
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENENT SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2BANKED LEAVE PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAMES BAUMGARTNER PO BOX 17 CASPIAN, MI 49915
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CPA PREPARES FORM 990 AND REQUIRED SCHEDULES. FORM IS REVIEWED AND SIGNED BY MANAGEMENT AGENT'S EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFICT OF INTEREST ANNUALLY IN A SIGNED STATEMENT. STAFF CONTINUOUSLY MONITOR TRANSACTIONS DURING THE YEAR FOR ANY NOTED CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN OR VERBAL REQUEST. FORM 990 IS PUBLISHED ON THE GUIDESTAR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REPAIR SUPPLIES 4,139 0 0 MIP EXPENSE 3,976 0 0 ELEVATOR MAINT EXPENSE 3,116 0 0 GROUNDS CONTRACTED 2,933 0 0 MISC OPERATING MAINTENANC 2,524 0 0 EXTERMINATING EXPENSE 2,280 0 0 FICA TAX EXPENSE 2,280 0 0 VEHICLE EQUIP MAINTENACE 1,866 0 0 SNOW REMOVAL EXPENSE 1,702 0 0 MISCELLANEOUS EXPENSE 799 0 0 GROUNDS SUPPLIES 720 0 0 HEAT/COOL REPAIR MAINT 425 0 0 HEALTH INSURANCE EXPENSE 210 0 0 WORKER'S COMP EXPENSE 197 0 0 MISC BANK CHARGES 20 0 0 BANKED LEAVE EXPENSE -2,708 0 0 TOTAL 24,479 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalLiabilitiesEOYAmt0913158
IRS990/TotalLiabilitiesGrp/BOYAmt0955518
IRS990/TotalLiabilitiesGrp/EOYAmt0913158
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IRS990/TravelGrp/TotalAmt0556
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES BAUMGARTNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09067864701
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CASPIAN HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CASP
ReturnHeader/Filer/EIN0382474246
ReturnHeader/Filer/PhoneNum09067864701
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O UPCAP SERVICES INC PO BOX 606
ReturnHeader/Filer/USAddress/CityNm0ESCANABA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381977929
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDERSON TACKMAN & COMPANY PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0901 LUDINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ESCANABA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049829
ReturnHeader/PreparerPersonGrp/PhoneNum09067863111
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRANDY M OLSON CPA
ReturnHeader/ReturnTs02023-11-15T23:01:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAUMGARTNER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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