Civic Intelligence

Lakeshore 504

990 • Fiscal year 2016 • EIN 38-2677941

Oct 01, 2015 to Sep 30, 2016 • Filed on May 15, 2017

Organization ProfileLAKESHORE504.ORG
272 East 8th StreetHolland, MI 49423

(616) 392-2389

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.46x

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

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

0.14x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Net Margin

46th percentile

1.4%

Higher net margin than 46% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2016 filings • 501(c)4 • <$500k nonprofits • Source year 2016

Asset Growth

18th percentile

-18%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-18%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)4 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$111,957

Down $23,884 (-18%) from 2015

Net Assets

Up

$60,000

Up $5,000 (+9.1%) from 2015

Liabilities

Down

$51,957

Down $28,884 (-36%) from 2015

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin46th percentile

Revenue

Down

$364,339

Down $80,317 (-18%) from 2015

Expenses

Down

$359,339

Down $80,317 (-18%) from 2015

Net Income

Flat

$5,000

Flat from 2015

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2010: $124,994Liabilities 2010: $89,760Net Assets 2010: $35,2342010Assets 2011: $128,500Liabilities 2011: $88,661Net Assets 2011: $39,8392011Assets 2012: $180,591Liabilities 2012: $135,641Net Assets 2012: $44,9502012Assets 2013: $153,715Liabilities 2013: $103,765Net Assets 2013: $49,9502013Assets 2014: $108,603Liabilities 2014: $58,603Net Assets 2014: $50,0002014Assets 2015: $135,841Liabilities 2015: $80,841Net Assets 2015: $55,0002015Assets 2016: $111,957Liabilities 2016: $51,957Net Assets 2016: $60,0002016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2016

Assets$111,957
Liabilities$51,957
Net Assets$60,000
Open 2016 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $350,490Expenses 2010: $350,256Net Income 2010: $2342010Revenue 2011: $407,768Expenses 2011: $403,163Net Income 2011: $4,6052011Revenue 2012: $399,561Expenses 2012: $394,450Net Income 2012: $5,1112012Revenue 2013: $492,761Expenses 2013: $487,761Net Income 2013: $5,0002013Revenue 2014: $349,984Expenses 2014: $349,934Net Income 2014: $502014Revenue 2015: $444,656Expenses 2015: $439,656Net Income 2015: $5,0002015Revenue 2016: $364,339Expenses 2016: $359,339Net Income 2016: $5,0002016Revenue 2017: $321,752Expenses 2017: $381,752Net Income 2017: -$60,0002017

Highlighted filing

2016

Revenue$364,339
Expenses$359,339
Net Income$5,000
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$364,339
Mission and Program Overview

Mission

Lakeshore 504 is a non-profit organization that contributes to economic and entrepreneurial development in west michigan by partnering with financial institutions to provide long-term fixed rate financing, create jobs, and improve the quality of life with a level of professionalism and expertise in small business lending.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$111,043$73,317▼ $37,726
Accounts Receivable$12,730$22,071▲ $9,341
Prepaid Expenses and Deferred Charges$8,546$14,275▲ $5,729
Land, Buildings, and Equipment, Net$3,522$2,294▼ $1,228
Total Assets$135,841$111,957▼ $23,884
Liabilities
Accounts Payable and Accrued Expenses$64,649$33,961▼ $30,688
Other Liabilities$16,192$17,996▲ $1,804
Total Liabilities$80,841$51,957▼ $28,884
Net Assets / Fund Balance
Unrestricted Net Assets$55,000$60,000▲ $5,000
Total Net Assets Fund Balance$55,000$60,000▲ $5,000
Total Liabilities and Net Assets / Fund Balance$135,841$111,957▼ $23,884

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,294$8,659$10,953
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
Bret DocterPresident
Cerise SemrinecDirector
Chris KellyDirector
Craig OosterhouseDirector
Ed GarnerDirector
Gary CorsbieDirector
Janet WyllieDirector
Jeff SchrotenboerDirector
Jim LillyDirector
Ken RizzioDirector
Mark KleistDirector
Mark WilsonDirector
Stacey StephensDirector
Steve WilsonDirector
Thomas PostmaDirector
Tom Den HerderSecretary
Douglas RotmanTreasurer
James BishopVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$348,073
Investment Income
$16,266
Other Revenue
$0
Change in Net Assets
$5,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$364,339
Total Revenue per Audited Statements
$364,339
Total Revenue per Form 990
$364,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,339
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
Other Expenses$32,887$3,250-$32,887
All Other Expenses$25,548$5,000-$30,548
Fees for Services Legal-$20,345-$20,345
Conferences and Meetings$5,830$1,202-$7,032
Insurance-$6,146-$6,146
Fees for Services Accounting-$5,010-$5,010
Advertising$2,296--$2,296
Depreciation Depletion$1,228--$1,228
Office Expenses$421--$421
Fees for Services Other-$29-$29
Total Functional Expenses$318,357$40,982$0$359,339

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$359,339
Total Expenses per Audited Statements$359,339
Total Expenses per Form 990$359,339
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held$17,996
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 form 990 is reviewed by management prior to filing.”

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

“Prior to voting, directors are asked to indicate if they have a conflict of interest or not. If a director has a conflict, they must abstain from voting.”

Form 990, Page 6, Part VI, Line 19

“The form 990 is available to the public on the internet at www.guidestar.org. Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lakeshore 504
EIN
38-2677941
Phone
6163922389
Address
272 EAST 8TH STREET, HOLLAND, MI 49423

Signing Officer

Name
Bret Docter
Title
President
Phone
6163922389
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bret Docter
Formed
1983
Legal Domicile
Mi
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Delong & Brower Pc
Address
238 HOOVER BLVD SUITE 10, HOLLAND, MI 49423
Preparer
Debra Clark-miller
Phone
6163960500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Lakeshore 504 is a non-profit organization that contributes to economic and entrepreneurial development in west michigan by partnering with financial institutions to provide long-term fixed rate financing, create jobs, and improve the quality of life with a level of professionalism and expertise in small business lending.”

Raw XML AppendixShowing 400 of 439 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/BOYAmt064649
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033961
IRS990/AccountsReceivableGrp/BOYAmt012730
IRS990/AccountsReceivableGrp/EOYAmt022071
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0LAKESHORE 504 IS A NON-PROFIT ORGANIZATION THAT CONTRIBUTES TO ECONOMIC AND ENTREPRENEURIAL DEVELOPMENT IN WEST MICHIGAN BY PARTNERING WITH FINANCIAL INSTITUTIONS TO PROVIDE LONG-TERM FIXED RATE FINANCING, CREATE JOBS, AND IMPROVE THE QUALITY OF LIFE WITH A LEVEL OF PROFESSIONALISM AND EXPERTISE IN SMALL BUSINESS LENDING.
IRS990/AdvertisingGrp/ProgramServicesAmt02296
IRS990/AdvertisingGrp/TotalAmt02296
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05000
IRS990/AllOtherExpensesGrp/ProgramServicesAmt025548
IRS990/AllOtherExpensesGrp/TotalAmt030548
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0BRET DOCTER
IRS990/BooksInCareOfDetail/PhoneNum06163922389
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0272 EAST 8TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0HOLLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd049423
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0111043
IRS990/CashNonInterestBearingGrp/EOYAmt073317
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01202
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05830
IRS990/ConferencesMeetingsGrp/TotalAmt07032
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt016266
IRS990/CYOtherExpensesAmt0359339
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0348073
IRS990/CYRevenuesLessExpensesAmt05000
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0359339
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0364339
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01228
IRS990/DepreciationDepletionGrp/TotalAmt01228
IRS990/Desc0LAKESHORE 504 IS A NON-PROFIT ORGANIZATION THAT CONTRIBUTES TO ECONOMIC AND ENTREPRENEURIAL DEVELOPMENT IN WEST MICHIGAN BY PARTNERING WITH FINANCIAL INSTITUTIONS TO PROVIDE LONG-TERM FIXED RATE FINANCING, CREATE JOBS, AND IMPROVE THE QUALITY OF LIFE WITH A LEVEL OF PROFESSIONALISM AND EXPERTISE IN SMALL BUSINESS LENDING.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0318357
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05010
IRS990/FeesForServicesAccountingGrp/TotalAmt05010
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt020345
IRS990/FeesForServicesLegalGrp/TotalAmt020345
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt029
IRS990/FeesForServicesOtherGrp/TotalAmt029
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0CRAIG OOSTERHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm1JIM LILLY
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES BISHOP
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM DEN HERDER
IRS990/Form990PartVIISectionAGrp/PersonNm4GARY CORSBIE
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS POSTMA
IRS990/Form990PartVIISectionAGrp/PersonNm6DOUGLAS ROTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7BRET DOCTER
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm9CERISE SEMRINEC
IRS990/Form990PartVIISectionAGrp/PersonNm10STACEY STEPHENS
IRS990/Form990PartVIISectionAGrp/PersonNm11KEN RIZZIO
IRS990/Form990PartVIISectionAGrp/PersonNm12JANET WYLLIE
IRS990/Form990PartVIISectionAGrp/PersonNm13STEVE WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm14ED GARNER
IRS990/Form990PartVIISectionAGrp/PersonNm15MARK KLEIST
IRS990/Form990PartVIISectionAGrp/PersonNm16CHRIS KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm17JEFF SCHROTENBOER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0364339
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt018
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt06146
IRS990/InsuranceGrp/TotalAmt06146
IRS990/InvestmentIncomeGrp/ExclusionAmt016266
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016266
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08659
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03522
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02294
IRS990/LandBldgEquipCostOrOtherBssAmt010953
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LAKESHORE 504 IS A NON-PROFIT ORGANIZATION THAT CONTRIBUTES TO ECONOMIC AND ENTREPRENEURIAL DEVELOPMENT IN WEST MICHIGAN BY PARTNERING WITH FINANCIAL INSTITUTIONS TO PROVIDE LONG-TERM FIXED RATE FINANCING, CREATE JOBS, AND IMPROVE THE QUALITY OF LIFE WITH A LEVEL OF PROFESSIONALISM AND EXPERTISE IN SMALL BUSINESS LENDING.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt055000
IRS990/NetAssetsOrFundBalancesEOYAmt060000
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt0421
IRS990/OfficeExpensesGrp/TotalAmt0421
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0DEBENTURE SERV - MWCCC
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE & MGMT SER
IRS990/OtherExpensesGrp/Desc2DEBENTURE SERV - GHCC
IRS990/OtherExpensesGrp/Desc3LOAN PROCESSING MWCCC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03250
IRS990/OtherExpensesGrp/ProgramServicesAmt0125263
IRS990/OtherExpensesGrp/ProgramServicesAmt161750
IRS990/OtherExpensesGrp/ProgramServicesAmt263134
IRS990/OtherExpensesGrp/ProgramServicesAmt332887
IRS990/OtherExpensesGrp/TotalAmt0125263
IRS990/OtherExpensesGrp/TotalAmt165000
IRS990/OtherExpensesGrp/TotalAmt263134
IRS990/OtherExpensesGrp/TotalAmt332887
IRS990/OtherLiabilitiesGrp/BOYAmt016192
IRS990/OtherLiabilitiesGrp/EOYAmt017996
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08546
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014275
IRS990/PrincipalOfficerNm0BRET DOCTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MONTHLY LOAN SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN CLOSING PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN CLOSING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0278743
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt149330
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0278743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt149330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011429
IRS990/PYOtherExpensesAmt0439656
IRS990/PYProgramServiceRevenueAmt0433227
IRS990/PYRevenuesLessExpensesAmt05000
IRS990/PYTotalExpensesAmt0439656
IRS990/PYTotalRevenueAmt0444656
IRS990/ReconcilationRevenueExpnssAmt05000
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0359339
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02294
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08659
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017996
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD
IRS990ScheduleD/RevenueSubtotalAmt0364339
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02294
IRS990ScheduleD/TotalExpensesPerForm990Amt0359339
IRS990ScheduleD/TotalLiabilityAmt017996
IRS990ScheduleD/TotalRevenuePerForm990Amt0364339
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0364339
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0359339
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LAKESHORE 504 IS A NON-PROFIT ORGANIZATION THAT CONTRIBUTES TO ECONOMIC AND ENTREPRENEURIAL DEVELOPMENT IN WEST MICHIGAN BY PARTNERING WITH FINANCIAL INSTITUTIONS TO PROVIDE LONG-TERM FIXED RATE FINANCING, CREATE JOBS, AND IMPROVE THE QUALITY OF LIFE WITH A LEVEL OF PROFESSIONALISM AND EXPERTISE IN SMALL BUSINESS LENDING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO VOTING, DIRECTORS ARE ASKED TO INDICATE IF THEY HAVE A CONFLICT OF INTEREST OR NOT. IF A DIRECTOR HAS A CONFLICT, THEY MUST ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE TO THE PUBLIC ON THE INTERNET AT WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MI WEST COAST CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0380655230
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0272 EAST 8TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HOLLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd049423
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt065000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACCOUNTING RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACCOUNTING RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MI WEST COAST CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MI WEST COAST CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0135841
IRS990/TotalAssetsEOYAmt0111957
IRS990/TotalAssetsGrp/BOYAmt0135841
IRS990/TotalAssetsGrp/EOYAmt0111957
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040982
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0318357
IRS990/TotalFunctionalExpensesGrp/TotalAmt0359339
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt080841
IRS990/TotalLiabilitiesEOYAmt051957
IRS990/TotalLiabilitiesGrp/BOYAmt080841
IRS990/TotalLiabilitiesGrp/EOYAmt051957
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt055000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt060000
IRS990/TotalProgramServiceExpensesAmt0318357
IRS990/TotalProgramServiceRevenueAmt0348073
IRS990/TotalRevenueGrp/ExclusionAmt016266
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0348073
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0364339
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0135841
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0111957
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$111,957
Liabilities
$51,957
Net assets
$60,000
Revenue
$364,339
Expenses
$359,339
Net income
$5,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.22$3.82$0.60
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.52$0.60$3.64$3.59$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.81$0.55$4.45$4.40$0.05
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.09$0.59$0.50$3.50$3.50$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$1.04$0.50$4.93$4.88$0.05
2012Summary only. Only limited summary data is available for this year.$1.81$1.36$0.45$4.00$3.94$0.05
2011Summary only. Only limited summary data is available for this year.$1.29$0.89$0.40$4.08$4.03$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.90$0.35$3.50$3.50$0.00