Civic Intelligence

Nortown Community Development

990 • Fiscal year 2023 • EIN 38-3031512

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 18, 2024

Organization ProfileWWW.NORTOWNCDC.ORG
PO Box 34102Detroit, MI 48234

(313) 891-7709

Siviq Scores

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

Liabilities / Assets

81st percentile

0.12x

Higher debt load relative to assets than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

0.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

59th percentile

6.3%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

204%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$121,391

Up $7,175 (+6.3%) from 2022

Net Assets

Up

$106,555

Up $7,175 (+7.2%) from 2022

Liabilities

Flat

$14,836

Flat from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin72nd percentile

Revenue

Up

$39,566

Up $26,531 (+204%) from 2022

Expenses

Up

$32,391

Up $1,681 (+5.5%) from 2022

Net Income

Up

$7,175

Up $24,850 (+141%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$1.0M$500K$0Assets 2011: $247,485Liabilities 2011: $1,813Net Assets 2011: $245,6722011Assets 2017: $147,019Liabilities 2017: $5,772Net Assets 2017: $141,2472017Assets 2018: $153,323Liabilities 2018: $6,054Net Assets 2018: $147,2692018Assets 2020: $140,260Liabilities 2020: $10,358Net Assets 2020: $129,9022020Assets 2021: $121,891Liabilities 2021: $4,836Net Assets 2021: $117,0552021Assets 2022: $114,216Liabilities 2022: $14,836Net Assets 2022: $99,3802022Assets 2023: $121,391Liabilities 2023: $14,836Net Assets 2023: $106,5552023Assets 2024: $959,578Liabilities 2024: $15,729Net Assets 2024: $943,8492024

Highlighted filing

2023

Assets$121,391
Liabilities$14,836
Net Assets$106,555
Open 2023 Filing

Operations Trend

Revenue Growth95th percentile

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

$100K$0-$100K-$200KRevenue 2011: $16,425Expenses 2011: $72,614Net Income 2011: -$56,1892011Revenue 2017: $9,053Expenses 2017: $20,881Net Income 2017: -$11,8282017Revenue 2018: $32,857Expenses 2018: $26,835Net Income 2018: $6,0222018Revenue 2020: $30,779Expenses 2020: $32,194Net Income 2020: -$1,4152020Revenue 2021: $17,122Expenses 2021: $29,969Net Income 2021: -$12,8472021Revenue 2022: $13,035Expenses 2022: $30,710Net Income 2022: -$17,6752022Revenue 2023: $39,566Expenses 2023: $32,391Net Income 2023: $7,1752023Revenue 2024: -$164,134Expenses 2024: $33,917Net Income 2024: -$198,0512024

Highlighted filing

2023

Revenue$39,566
Expenses$32,391
Net Income$7,175
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 18, 2024
Return Version
2023v5.0
Gross Receipts
$39,566
Mission and Program Overview

Mission

As a 501(c)(3) tax-exempt organization, nortown serves as a place-based collaborative to develop and foster safe and affordable housing, historic preservation, business retention and expansion, educational, recreational, cultural, and job opportunities in northeast detroit.these ideals raise and stabilize the economic, environmental, educational, and social levels of its neighborhood constituents, especially minority and low to moderate income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$72,058$72,058→ $0
Cash and Non-Interest-Bearing Accounts$4,748$23,956▲ $19,208
Savings and Temporary Cash Investments$29,360$17,327▼ $12,033
Total Assets$114,216$121,391▲ $7,175
Other Assets Total$8,050$8,050→ $0
Liabilities
Unsecured Notes Loans Payable$10,000$10,000→ $0
Other Liabilities$4,836$4,836→ $0
Total Liabilities$14,836$14,836→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,233$101,420▲ $7,187
Net Assets With Donor Restrictions$5,147$5,135▼ $12
Total Net Assets Fund Balance$99,380$106,555▲ $7,175
Total Liabilities and Net Assets / Fund Balance$114,216$121,391▲ $7,175

Asset Categories

AssetBook ValueDepreciationBasis
Land$72,058-$72,058
Other Land Buildings-$6,573$6,573
Other Assets Org$8,050--
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Ronald M NemerskiPresident
Charles StokesDirector
Earnestine BeamonDirector
Mary JohnsonDirector
Pamela WilsonDirector
Patricia BoschExecutive of
Choyce HarrisSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$39,564
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$7,064
Change in Net Assets
$7,175
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,391
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
Insurance$5,956$5,920-$11,876
Occupancy$8,838--$8,838
Fees for Services Other$7,222$300-$7,522
Office Expenses$2,092$2,063-$4,155
Total Functional Expenses$24,108$8,283$0$32,391
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
Other Liabilities$4,836
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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, Part VI

“Section b, line 11b - the organization provides a copmlete copy of this form 990 to all members of its governing body before filing the form for review. Section c, line 19 - the organization made its governing decouments, conflict of interest policy, and financial statements available to the public during the tax year upon request.”

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

“No review was or will be conducted.”

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

“The organization regularly and consistantly monitors and enforces compliance with the policy by inquiring of each persons.”

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

“The process for determining compensation of the following persons include a review and approval by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision: the organization's ceo, executive director, or top management offical.”

Form 990, Page 6, Part VI, Line 19

“Available upon per request”

Filing and Contact Details

Filer

Filer Name
Nortown Community Development
EIN
38-3031512
Phone
3138917709
Address
PO BOX 34102, DETROIT, MI 48234

Signing Officer

Name
Ronald M Nemerski
Title
President
Phone
3137530337
Signed
2024-04-18

Organization Details

Principal Officer
Ronald M Nemerski
Formed
1992
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
18

Preparer

Firm
Schultz & Associates Plc
Address
6900 N HAGGERTY ROAD, CANTON, MI 48187
Preparer
Jeffrey W Schultz CPA
Phone
7343542380
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“As a 501(c)(3) tax-exempt organization, nortown serves as a place-based collaborative to develop and foster safe and affordable housing, historic preservation, business retention and expansion, educational, recreational, cultural, and job opportunities in northeast detroit.these ideals raise and stabilize the economic, environmental, educational, and social levels of its neighborhood constituents, especially minority and low to moderate income persons.”

Form 990

“Nortown community development corporation is a 99.99% limited partner in nortown homes ii ldha.”

Form 990, Part IX, Line 11G

“OTHER FEES 7,222 300 0”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS A 501(C)(3) TAX-EXEMPT ORGANIZATION, NORTOWN SERVES AS A PLACE-BASED COLLABORATIVE TO DEVELOP AND FOSTER SAFE AND AFFORDABLE HOUSING, HISTORIC PRESERVATION, BUSINESS RETENTION AND EXPANSION, EDUCATIONAL, RECREATIONAL, CULTURAL, AND JOB OPPORTUNITIES IN NORTHEAST DETROIT.THESE IDEALS RAISE AND STABILIZE THE ECONOMIC, ENVIRONMENTAL, EDUCATIONAL, AND SOCIAL LEVELS OF ITS NEIGHBORHOOD CONSTITUENTS, ESPECIALLY MINORITY AND LOW TO MODERATE INCOME PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NORTOWN COMMUNITY DEVELOPMENT CORPORATION IS A 99.99% LIMITED PARTNER IN NORTOWN HOMES II LDHA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SECTION B, LINE 11B - THE ORGANIZATION PROVIDES A COPMLETE COPY OF THIS FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM FOR REVIEW. SECTION C, LINE 19 - THE ORGANIZATION MADE ITS GOVERNING DECOUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTANTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY INQUIRING OF EACH PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS FOR DETERMINING COMPENSATION OF THE FOLLOWING PERSONS INCLUDE A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION: THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON PER REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER FEES 7,222 300 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990/VotingMembersIndependentCnt06
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD M NEMERSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03137530337
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-18
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT
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ReturnHeader/PreparerPersonGrp/PhoneNum07343542380
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY W SCHULTZ CPA
ReturnHeader/ReturnTs02024-05-13T10:44:24-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RONALD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NEMERSKI
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,391
Liabilities
$14,836
Net assets
$106,555
Revenue
$39,566
Expenses
$32,391
Net income
$7,175
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.60$0.16$9.44$1.64$0.34$1.98
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.15$1.07$0.40$0.32$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.14$0.15$0.99$0.13$0.31$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.05$1.17$0.17$0.30$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.40$0.10$1.30$0.31$0.32$0.01
2018Summary only. Only limited summary data is available for this year.$1.53$0.06$1.47$0.33$0.27$0.06
2017Summary only. Only limited summary data is available for this year.$1.47$0.06$1.41$0.09$0.21$0.12
2011Summary only. Only limited summary data is available for this year.$2.47$0.02$2.46$0.16$0.73$0.56