Civic Intelligence

Target Alpena 2000 Corporation

990 • Fiscal year 2023 • EIN 38-2860480

Jan 01, 2023 to Dec 31, 2023 • Filed on May 10, 2024

235 W ChisholmAlpena, MI 49707

(989) 354-3181

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

149%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,193,333

Down $172,156 (-13%) from 2022

Net Assets

Down

$1,189,654

Down $144,562 (-11%) from 2022

Liabilities

Down

$3,679

Down $27,594 (-88%) from 2022

Revenue

Up

$330,922

Up $197,967 (+149%) from 2022

Expenses

Up

$259,869

Up $162,594 (+167%) from 2022

Net Income

Up

$71,053

Up $35,373 (+99%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $995,241Liabilities 2010: $0Net Assets 2010: $995,2412010Assets 2011: $1,057,090Liabilities 2011: $0Net Assets 2011: $1,057,0902011Assets 2012: $1,062,733Liabilities 2012: $5,104Net Assets 2012: $1,057,6292012Assets 2013: $1,084,577Liabilities 2013: $5,104Net Assets 2013: $1,079,4732013Assets 2014: $1,104,944Liabilities 2014: $7,599Net Assets 2014: $1,097,3452014Assets 2015: $1,137,105Liabilities 2015: $17,783Net Assets 2015: $1,119,3222015Assets 2016: $1,249,253Liabilities 2016: $28,066Net Assets 2016: $1,221,1872016Assets 2017: $1,255,882Liabilities 2017: $11,723Net Assets 2017: $1,244,1592017Assets 2018: $1,277,455Liabilities 2018: $24,951Net Assets 2018: $1,252,5042018Assets 2019: $1,310,394Liabilities 2019: $9,843Net Assets 2019: $1,300,5512019Assets 2020: $1,349,782Liabilities 2020: $15,704Net Assets 2020: $1,334,0782020Assets 2021: $1,319,394Liabilities 2021: $20,858Net Assets 2021: $1,298,5362021Assets 2022: $1,365,489Liabilities 2022: $31,273Net Assets 2022: $1,334,2162022Assets 2023: $1,193,333Liabilities 2023: $3,679Net Assets 2023: $1,189,6542023Assets 2024: $2,267,423Liabilities 2024: $1,143,726Net Assets 2024: $1,123,6972024

Highlighted filing

2023

Assets$1,193,333
Liabilities$3,679
Net Assets$1,189,654

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $101,1902010Expenses 2011: $78,9722011Expenses 2012: $133,2922012Revenue 2013: $139,124Expenses 2013: $117,280Net Income 2013: $21,8442013Revenue 2014: $154,495Expenses 2014: $136,623Net Income 2014: $17,8722014Revenue 2015: $164,002Expenses 2015: $142,025Net Income 2015: $21,9772015Revenue 2016: $552,156Expenses 2016: $453,608Net Income 2016: $98,5482016Revenue 2017: $162,867Expenses 2017: $139,895Net Income 2017: $22,9722017Revenue 2018: $117,608Expenses 2018: $109,440Net Income 2018: $8,1682018Revenue 2019: $153,423Expenses 2019: $105,376Net Income 2019: $48,0472019Revenue 2020: $3,920,313Expenses 2020: $3,884,256Net Income 2020: $36,0572020Revenue 2021: $199,392Expenses 2021: $144,934Net Income 2021: $54,4582021Revenue 2022: $132,955Expenses 2022: $97,275Net Income 2022: $35,6802022Revenue 2023: $330,922Expenses 2023: $259,869Net Income 2023: $71,0532023Revenue 2024: $692,882Expenses 2024: $758,839Net Income 2024: -$65,9572024

Highlighted filing

2023

Revenue$330,922
Expenses$259,869
Net Income$71,053
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 10, 2024
Return Version
2023v5.0
Gross Receipts
$347,545
Mission and Program Overview

Mission

To promote the social and general welfare of alpena county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$911,791$789,237▼ $122,554
Other Notes and Loans Receivable, Net$321,118$287,516▼ $33,602
Land, Buildings, and Equipment, Net$131,484$115,484▼ $16,000
Prepaid Expenses and Deferred Charges$1,096$1,096→ $0
Total Assets$1,365,489$1,193,333▼ $172,156
Liabilities
Other Liabilities$30,855$2,334▼ $28,521
Accounts Payable and Accrued Expenses$418$1,345▲ $927
Total Liabilities$31,273$3,679▼ $27,594
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$926,346$997,398▲ $71,052
Net Assets With Donor Restrictions$407,870$192,256▼ $215,614
Total Net Assets Fund Balance$1,334,216$1,189,654▼ $144,562
Total Liabilities and Net Assets / Fund Balance$1,365,489$1,193,333▼ $172,156

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$803$803
Land$115,484--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne GentryPresident
Corey CanuteBoard Member
Dennis WernerBoard Member
Jesse OsmerBoard Member
Ken DragiewiczBoard Member
Marty ThomsonBoard Member
Michael NowakBoard Member
Scott PaulyBoard Member
Steve WilsonBoard Member
Todd BrittonBoard Member
Don MacmasterPast Preside
Nathan SkibbePast Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$257,127
Program Service Revenue
$30,039
Investment Income
$38,756
Other Revenue
$5,000
All Other Contributions
$37,458
Change in Net Assets
$71,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$330,922
Total Revenue per Audited Statements
$330,922
Total Revenue per Form 990
$330,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,356
Salaries, Compensation, and Employee Benefits$129,513
Total Fundraising Expense$1,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,514$4,780$1,195$119,489
Insurance-$21,845-$21,845
Payroll Taxes$8,817$371$93$9,281
Fees for Services Accounting-$8,150-$8,150
Office Expenses-$6,740-$6,740
Travel$6,466--$6,466
Information Technology$4,612--$4,612
Other Expenses$2,517$106$27$2,650
All Other Expenses$940$975$4$1,919
Conferences and Meetings$1,711$72$18$1,801
Other Employee Benefits$706$30$7$743
Advertising$151--$151
Interest$4--$4
Total Functional Expenses$215,151$43,313$1,405$259,869

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$259,869
Total Expenses per Audited Statements$259,869
Total Expenses per Form 990$259,869
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
Option Agreement$5,000
Housing Needs Assessment$3,000
Presque Isle Edc Service$2,771
Direct Deposit Payable$-8,437
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

Return is submitted to executive director for review prior to electonic filing of return. Signature is obtained for approval.

Form 990, Page 6, Part VI, Line 15A

Annual performance reviews are made by the board regarding the executive director.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Target Alpena Development
EIN
38-2860480
Phone
9893543181
Address
235 W CHISHOLM, ALPENA, MI 49707

Signing Officer

Name
Mike Mahler
Title
Executive Director
Phone
9893543181
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne Gentry
Formed
1989
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Straley Lamp & Kraenzlein Pc
Address
PO BOX 738, ALPENA, MI 49707-0738
Preparer
James E Kraenzlein Cpaabvcffcva
Phone
9893564531
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Designated contributions 0 funds returned -215,615 total -215,615

Raw XML AppendixShowing 400 of 450 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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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0371
IRS990/PayrollTaxesGrp/ProgramServicesAmt08817
IRS990/PayrollTaxesGrp/TotalAmt09281
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01096
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01096
IRS990/PrincipalOfficerNm0ANNE GENTRY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN FUND INTEREST - RLF LOAN
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FUND FEES - RLF FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FUND INTEREST - MRLF LOA
IRS990/ProgramServiceRevenueGrp/Desc3LOAN ORIGINATION FEES - RLF
IRS990/ProgramServiceRevenueGrp/Desc4LOAN FUND FEES - MRLF FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024672
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13260
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21347
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024672
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4260
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0107157
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0478
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IRS990/PYTotalRevenueAmt0132955
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IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0911791
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0789237
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0105608
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0111856
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0581748
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt040418
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt025798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt091119
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt040684
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0803
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0803
IRS990ScheduleD/ExpensesSubtotalAmt0259869
IRS990ScheduleD/LandGrp/BookValueAmt0115484
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0115484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-8437
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPTION AGREEMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HOUSING NEEDS ASSESSMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PRESQUE ISLE EDC SERVICE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DIRECT DEPOSIT PAYABLE
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IRS990ScheduleD/TotalExpensesPerForm990Amt0259869
IRS990ScheduleD/TotalLiabilityAmt02334
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS SUBMITTED TO EXECUTIVE DIRECTOR FOR REVIEW PRIOR TO ELECTONIC FILING OF RETURN. SIGNATURE IS OBTAINED FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL PERFORMANCE REVIEWS ARE MADE BY THE BOARD REGARDING THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESIGNATED CONTRIBUTIONS 0 FUNDS RETURNED -215,615 TOTAL -215,615
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01365489
IRS990/TotalAssetsEOYAmt01193333
IRS990/TotalAssetsGrp/BOYAmt01365489
IRS990/TotalAssetsGrp/EOYAmt01193333
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0257127
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01405
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043313
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215151
IRS990/TotalFunctionalExpensesGrp/TotalAmt0259869
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt03679
IRS990/TotalLiabilitiesGrp/BOYAmt031273
IRS990/TotalLiabilitiesGrp/EOYAmt03679
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01334216
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01189654
IRS990/TotalProgramServiceExpensesAmt0215151
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$1.14$1.12$0.69$0.76$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.33$0.26$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.37$0.03$1.33$0.13$0.10$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.02$1.30$0.20$0.14$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.02$1.33$3.92$3.88$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.01$1.30$0.15$0.11$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.02$1.25$0.12$0.11$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.24$0.16$0.14$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.03$1.22$0.55$0.45$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.12$0.16$0.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.10$0.15$0.14$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.08$0.01$1.08$0.14$0.12$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.01$1.06$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.00$1.00$0.10
Peer Organizations

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