Civic Intelligence

Hba Charitable & Educational Foundation

990 • Fiscal year 2018 • EIN 38-3025307

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 29, 2019

30400 Telegraph Rd Suite 202Bingham Farms, MI 48025

(248) 737-4477

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.01x

Higher debt load relative to revenue than 36% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$648,585

No earlier filing loaded for comparison.

Net Assets

$645,585

No earlier filing loaded for comparison.

Liabilities

$3,000

No earlier filing loaded for comparison.

Revenue

$430,001

No earlier filing loaded for comparison.

Expenses

$30,866

No earlier filing loaded for comparison.

Net Income

$399,135

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $648,585Liabilities 2018: $3,000Net Assets 2018: $645,5852018Assets 2019: $609,602Liabilities 2019: $0Net Assets 2019: $609,6022019Assets 2020: $593,498Liabilities 2020: $0Net Assets 2020: $593,4982020Assets 2021: $605,576Liabilities 2021: $522Net Assets 2021: $605,0542021Assets 2022: $485,943Liabilities 2022: $12,000Net Assets 2022: $473,9432022Assets 2023: $441,048Liabilities 2023: $3,000Net Assets 2023: $438,0482023Assets 2024: $370,725Liabilities 2024: $3,000Net Assets 2024: $367,7252024

Highlighted filing

2018

Assets$648,585
Liabilities$3,000
Net Assets$645,585

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $430,001Expenses 2018: $30,866Net Income 2018: $399,1352018Revenue 2019: $31,328Expenses 2019: $67,311Net Income 2019: -$35,9832019Revenue 2020: $17,596Expenses 2020: $33,700Net Income 2020: -$16,1042020Revenue 2021: $68,620Expenses 2021: $57,064Net Income 2021: $11,5562021Revenue 2022: $34,609Expenses 2022: $165,720Net Income 2022: -$131,1112022Revenue 2023: $35,033Expenses 2023: $70,928Net Income 2023: -$35,8952023Revenue 2024: $34,044Expenses 2024: $104,367Net Income 2024: -$70,3232024

Highlighted filing

2018

Revenue$430,001
Expenses$30,866
Net Income$399,135
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 29, 2019
Return Version
2018v3.1
Gross Receipts
$430,001
Mission and Program Overview

Mission

To engage in activities to promote and to improve the availability of housing opportunities for all persons, to combat community deterioration, and to inform and to educate the general public and members of the construction and property management industry on issues affecting the availability of housing opportunities so that the general welfare of the southeastern area of the state of michigan shall be enhanced and improved and to engage in such additional charitable, educational and scientific activities within the meaning of section 501 (c) (3) of the code as the board of trustees may from time to time determine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$174,985-
Cash and Non-Interest-Bearing Accounts$239,495$62,322▼ $177,173
Prepaid Expenses and Deferred Charges$5,000--
Accounts Receivable$11,955$4,139▼ $7,816
Total Assets$256,450$648,585▲ $392,135
Other Assets Total-$407,139-
Liabilities
Accounts Payable and Accrued Expenses$10,000$3,000▼ $7,000
Total Liabilities$10,000$3,000▼ $7,000
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$407,139-
Unrestricted Net Assets$246,450$238,446▼ $8,004
Total Net Assets Fund Balance$246,450$645,585▲ $399,135
Total Liabilities and Net Assets / Fund Balance$256,450$648,585▲ $392,135

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$407,139--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bernard GliebermanBoard Member
Bill PhillipsBoard Member
Darshan GrewalBoard Member
Dominic J MoceriBoard Member
Jim ClarkeBoard Member
Mary FowlieBoard Member
NoreenBoard Member
Norm FinkelsteinBoard Member
Peter BurtonBoard Member
Richard KomerBoard Member
Stuart MichaelsonBoard Member
William FreemanBoard Member
Michael StoskopfExecutive of
Larry CohenFirst Vice P
Bob TedescoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$418,198
Program Service Revenue
$0
Investment Income
$1,803
Other Revenue
$10,000
All Other Contributions
$418,198
Change in Net Assets
$399,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$27,500
Other Expenses$3,366
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$27,500--$27,500
Fees for Services Accounting$25$1,475-$1,500
Fees for Services Management$1,500--$1,500
Office Expenses-$366-$366
Total Functional Expenses$29,025$1,841$0$30,866
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 provided to the executive officer and association cfo for review and approval prior to being filed.

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

Procedures to manage conflicts: for each interest disclosed, the executive committee will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by this policy; (c) ask the person to recuse from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the organization or, if the person refuses to resign, become subject to possible removal in accordance with the organizations removal procedures. The organizations executive officer and cfo will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the executive committee in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

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

No compensation paid through the foundation.

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

No compensation paid through the foundation.

Form 990, Page 6, Part VI, Line 19

All governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hba Charitable & Educational
EIN
38-3025307
Address
30400 TELEGRAPH RD SUITE 202, BINGHAM FARMS, MI 48025

Signing Officer

Name
Michael Stoskopf
Title
Executive Officer
Phone
3487374477
Signed
2019-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Stoskopf
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Yeo & Yeo Pc
Address
822 CENTENNIAL WAY STE 250, LANSING, MI 48917
Preparer
Bradley M Devries
Phone
5173239500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To engage in activities to promote and to improve the availability of housing opportunities for all persons, to combat community deterioration, and to inform and to educate the general public and members of the construction and property management industry on issues affecting the availability of housing opportunities so that the general welfare of the southeastern area of the state of michigan shall be enhanced and improved and to engage in such additional charitable, educational and scientific activities within the meaning of section 501 (c) (3) of the code as the board of trustees may from time to time determine.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENGAGE IN ACTIVITIES TO PROMOTE AND TO IMPROVE THE AVAILABILITY OF HOUSING OPPORTUNITIES FOR ALL PERSONS, TO COMBAT COMMUNITY DETERIORATION, AND TO INFORM AND TO EDUCATE THE GENERAL PUBLIC AND MEMBERS OF THE CONSTRUCTION AND PROPERTY MANAGEMENT INDUSTRY ON ISSUES AFFECTING THE AVAILABILITY OF HOUSING OPPORTUNITIES SO THAT THE GENERAL WELFARE OF THE SOUTHEASTERN AREA OF THE STATE OF MICHIGAN SHALL BE ENHANCED AND IMPROVED AND TO ENGAGE IN SUCH ADDITIONAL CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE CODE AS THE BOARD OF TRUSTEES MAY FROM TIME TO TIME DETERMINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE EXECUTIVE OFFICER AND ASSOCIATION CFO FOR REVIEW AND APPROVAL PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROCEDURES TO MANAGE CONFLICTS: FOR EACH INTEREST DISCLOSED, THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ORGANIZATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ORGANIZATIONS REMOVAL PROCEDURES. THE ORGANIZATIONS EXECUTIVE OFFICER AND CFO WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE EXECUTIVE COMMITTEE IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMPENSATION PAID THROUGH THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO COMPENSATION PAID THROUGH THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE 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
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL STOSKOPF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum03487374477
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HBA CHARITABLE & EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
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ReturnHeader/FilingSecurityInformation/IPDt02019-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:22:39
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LANSING
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY M DEVRIES
ReturnHeader/ReturnTs02019-11-06T13:22:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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