Civic Intelligence

Bagley Housing Association

EIN 38-2896273 • 501(c)3 • Detroit, MI

Profile

To provide leadership and resources to the community for the purpose of improving housing for low to moderate income families within the hubbard richard and hubbard farms district of southwest detroit.

5716 Michigan Avenue 3000Detroit, MI 48210

n/A

Siviq Scores

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

Liabilities / Assets

78th percentile

0.10x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

0.29x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

97th percentile

93%

Higher net margin than 97% 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

86th percentile

46%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Up

$353,536

Up $110,772 (+46%) from 2023

Liabilities

Down

$35,074

Down $1,591 (-4.3%) from 2023

Net Assets

Up

$318,462

Up $112,363 (+55%) from 2023

Revenue

Up

$121,214

Up $121,214 from 2023

Expenses

Up

$8,851

Up $5,083 (+135%) from 2023

Net Income

Up

$112,363

Up $116,131 (+3082%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $853,981Liabilities 2011: $127,487Net Assets 2011: $726,4942011Assets 2012: $946,484Liabilities 2012: $123,624Net Assets 2012: $822,8602012Assets 2013: $871,374Liabilities 2013: $94,426Net Assets 2013: $776,9482013Assets 2020: $634,579Liabilities 2020: $44,125Net Assets 2020: $590,4542020Assets 2021: $104,583Liabilities 2021: $42,674Net Assets 2021: $61,9092021Assets 2022: $247,763Liabilities 2022: $37,896Net Assets 2022: $209,8672022Assets 2023: $242,764Liabilities 2023: $36,665Net Assets 2023: $206,0992023Assets 2024: $353,536Liabilities 2024: $35,074Net Assets 2024: $318,4622024

Highlighted filing

2024

Assets$353,536
Liabilities$35,074
Net Assets$318,462

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $67,659Expenses 2011: $32,033Net Income 2011: $35,6262011Revenue 2012: $88,178Expenses 2012: $13,386Net Income 2012: $74,7922012Revenue 2013: -$36,022Expenses 2013: $9,890Net Income 2013: -$45,9122013Revenue 2020: $0Expenses 2020: $19,453Net Income 2020: -$19,4532020Revenue 2021: $0Expenses 2021: $8,222Net Income 2021: -$8,2222021Revenue 2022: $155,093Expenses 2022: $7,135Net Income 2022: $147,9582022Revenue 2023: $0Expenses 2023: $3,768Net Income 2023: -$3,7682023Revenue 2024: $121,214Expenses 2024: $8,851Net Income 2024: $112,3632024

Highlighted filing

2024

Revenue$121,214
Expenses$8,851
Net Income$112,363

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$127,946
Mission and Program Overview

Mission

To provide leadership and resources to the community for the purpose of improving housing for low to moderate income families within the hubbard richard and hubbard farms district of southwest detroit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$64,235$60,960▼ $3,275
Cash and Non-Interest-Bearing Accounts$29$26,015▲ $25,986
Accounts Receivable$0$20,400▲ $20,400
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$242,764$353,536▲ $110,772
Other Assets Total$178,500$246,161▲ $67,661
Liabilities
Mortgage Notes Payable Secured by Investment Property$35,074$35,074→ $0
Other Liabilities$1,591$0▼ $1,591
Total Liabilities$36,665$35,074▼ $1,591
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$206,099$318,462▲ $112,363
Total Net Assets Fund Balance$206,099$318,462▲ $112,363
Total Liabilities and Net Assets / Fund Balance$242,764$353,536▲ $110,772

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$48,256$48,256
Other Assets Org$246,161--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Albert FieldsChair
Sean De FourPresident & CEO
Vanessa JohnsonVice Chair
Gehad AlawanDirector
Ron RoseDirector
Steven KosudaDirector
Diana FrancoDirector (start 01/2024)
Kevin OutlandDirector (start 01/2024)
Juanita HernandezDirector (term 12/2023)
Timothy ThorlandExecutive Director - Swhs
Michelle ShermanCOO & CFO
Kathryn BrennanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$121,214
Change in Net Assets
$112,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,851
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
All Other Expenses$3,615--$3,615
Fees for Services Accounting$3,344--$3,344
Insurance$287--$287
Other Expenses$264--$264
Office Expenses$237--$237
Total Functional Expenses$8,851$0$0$8,851
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
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, Section B, Line 11B

The board of directors review the form 990 at their board meeting and minutes will reflect this action.

Form 990, Part VI, Section B, Line 12C

Any potential and existing conflict of interest shall be disclosed in writing which is reviewed by the executive director and appropriate administrative action is taken.

Form 990, Part VI, Section C, Line 19

Conflict of interest policy and consolidated audited financial statements are available from southwest housing solutions d/b/a miside housing upon written request.

Filing and Contact Details

Filer

Filer Name
Bagley Housing Association
EIN
38-2896273
Phone
3134813100
Address
5716 MICHIGAN AVENUE 3000, DETROIT, MI 48210

Signing Officer

Name
Michelle R Sherman
Title
COO/CFO
Phone
3134813100
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean De Four
Formed
1989
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
790 N WATER ST SUITE 2000, MILWAUKEE, WI 53202
Preparer
Shelby Netz CPA
Phone
4147775500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation has received notification that it qualifies as a tax-exempt organization under section 501(c)(3) of the u.s. Internal revenue code and corresponding provisions of state law and, accordingly, is not subject to federal or state income taxes. However, income from certain activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income. It is bagley housing association's policy to recognize interest and penalties related to uncertain tax positions in income tax expense. With few exceptions, bagley housing association is no longer subject to u.s. Federal and state income tax examinations by tax authorities for the years before 2020. Bagley housing association is not currently under examination by any taxing jurisdiction.

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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM SOUTHWEST HOUSING SOLUTIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO ITS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IT IS BAGLEY HOUSING ASSOCIATION'S POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, BAGLEY HOUSING ASSOCIATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2020. BAGLEY HOUSING ASSOCIATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt212245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0238438
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1218594
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2161038
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt16744
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SEAN DE FOUR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MICHELLE SHERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TIMOTHY THORLAND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO & CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2EXECUTIVE DIRECTOR - SWHS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO IS COMPENSATED BY A RELATED ORGANIZATION, SOUTHWEST SOLUTIONS, INC. (FEIN: 38-2672000). SOUTHWEST SOLUTIONS USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO: -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW THE FORM 990 AT THEIR BOARD MEETING AND MINUTES WILL REFLECT THIS ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY POTENTIAL AND EXISTING CONFLICT OF INTEREST SHALL BE DISCLOSED IN WRITING WHICH IS REVIEWED BY THE EXECUTIVE DIRECTOR AND APPROPRIATE ADMINISTRATIVE ACTION IS TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY AND CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM SOUTHWEST HOUSING SOLUTIONS D/B/A MISIDE HOUSING UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd9N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd14N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd15N/A

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