Civic Intelligence

Lansing Affordable Homes Inc

990 • Fiscal year 2014 • EIN 38-3110321

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 14, 2015

Organization ProfileN/A
79 Warwick CourtJackson, MI 49203-1859

(517) 394-2778

Siviq Scores

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

Liabilities / Assets

67th percentile

0.29x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

1.08x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

39th percentile

-0.2%

Higher net margin than 39% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

38th percentile

-0.8%

Faster asset growth than 38% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

50th percentile

3.6%

Faster revenue growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$4,477,627

Down $36,495 (-0.8%) from 2013

Net Assets

Down

$3,181,976

Down $392,030 (-11%) from 2013

Liabilities

Up

$1,295,651

Up $355,535 (+38%) from 2013

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin39th percentile

Revenue

Up

$1,198,213

Up $41,254 (+3.6%) from 2013

Expenses

Up

$1,200,020

Up $796 (+0.1%) from 2013

Net Income

Up

-$1,807

Up $40,458 (+96%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $4,624,515Liabilities 2010: $1,113,136Net Assets 2010: $3,511,3792010Assets 2011: $4,629,492Liabilities 2011: $1,064,274Net Assets 2011: $3,565,2182011Assets 2012: $4,593,384Liabilities 2012: $995,613Net Assets 2012: $3,597,7712012Assets 2013: $4,514,122Liabilities 2013: $940,116Net Assets 2013: $3,574,0062013Assets 2014: $4,477,627Liabilities 2014: $1,295,651Net Assets 2014: $3,181,9762014Assets 2015: $4,439,999Liabilities 2015: $1,234,290Net Assets 2015: $3,205,7092015Assets 2016: $4,400,083Liabilities 2016: $1,163,880Net Assets 2016: $3,236,2032016Assets 2017: $4,320,096Liabilities 2017: $1,100,797Net Assets 2017: $3,219,2992017Assets 2018: $4,273,363Liabilities 2018: $1,050,059Net Assets 2018: $3,223,3042018

Highlighted filing

2014

Assets$4,477,627
Liabilities$1,295,651
Net Assets$3,181,976
Open 2014 Filing

Operations Trend

Revenue Growth50th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,131,3072010Expenses 2011: $1,103,5472011Expenses 2012: $1,108,0222012Revenue 2013: $1,156,959Expenses 2013: $1,199,224Net Income 2013: -$42,2652013Revenue 2014: $1,198,213Expenses 2014: $1,200,020Net Income 2014: -$1,8072014Revenue 2015: $1,205,035Expenses 2015: $1,181,310Net Income 2015: $23,7252015Revenue 2016: $1,213,436Expenses 2016: $1,182,942Net Income 2016: $30,4942016Revenue 2017: $1,260,305Expenses 2017: $1,277,204Net Income 2017: -$16,8992017Revenue 2018: $1,247,346Expenses 2018: $1,237,346Net Income 2018: $10,0002018

Highlighted filing

2014

Revenue$1,198,213
Expenses$1,200,020
Net Income-$1,807
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 14, 2015
Return Version
2014v5.0
Gross Receipts
$1,198,213
Mission and Program Overview

Mission

To provide low income housing for low and/or moderate income individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,707,598$3,538,538▼ $169,060
Savings and Temporary Cash Investments$724,571$862,308▲ $137,737
Intangible Assets$55,974$50,490▼ $5,484
Accounts Receivable$17,528$17,717▲ $189
Prepaid Expenses and Deferred Charges$5,603$5,329▼ $274
Cash and Non-Interest-Bearing Accounts$2,848$3,245▲ $397
Total Assets$4,514,122$4,477,627▼ $36,495
Liabilities
Mortgage Notes Payable Secured by Investment Property$855,799$1,194,353▲ $338,554
Accounts Payable and Accrued Expenses$65,680$81,925▲ $16,245
Other Liabilities$18,637$19,373▲ $736
Total Liabilities$940,116$1,295,651▲ $355,535
Net Assets / Fund Balance
Unrestricted Net Assets$3,574,006$3,181,976▼ $392,030
Total Net Assets Fund Balance$3,574,006$3,181,976▼ $392,030
Total Liabilities and Net Assets / Fund Balance$4,514,122$4,477,627▼ $36,495

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,045,609$2,085,108$5,130,717
Equipment$332,928$1,035,150$1,368,078
Land$160,000-$160,000
Other Land Buildings$1$71,349$71,350
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Linda BrockwayPresident
Cheryl AlganaDirector
Donna JonesSecretary
Dwayne BarrettTreasure
Robert VertalkaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,063,465
Program Service Revenue
$132,007
Investment Income
$2,741
Other Revenue
$0
Change in Net Assets
$-1,807

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,198,213
Total Revenue per Audited Statements
$1,198,213
Total Revenue per Form 990
$1,198,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$850,007
Salaries, Compensation, and Employee Benefits$350,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$264,369--$264,369
Depreciation Depletion$247,795--$247,795
All Other Expenses$86,723--$86,723
Insurance-$65,975-$65,975
Fees for Services Management-$64,069-$64,069
Other Employee Benefits$62,946--$62,946
Interest$60,677--$60,677
Other Expenses$39,016--$39,016
Payroll Taxes$22,698--$22,698
Office Expenses-$12,465-$12,465
Fees for Services Accounting-$6,225-$6,225
Conferences and Meetings-$374-$374
Advertising-$25-$25
Fees for Services Legal-$-16-$-16
Total Functional Expenses$1,050,903$149,117$0$1,200,020

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,200,020
Expenses per Audited Statements$1,200,019
Total Expenses per Audited Statements$1,200,019
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
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
Subscription-security Dep.$18,151
Prepaid Charges-rent$1,222
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management of the housing corporation has been delegatged to tailor made properties, 1165 north milwaukee, chicago, il 60622”

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

“Tax returns are provided to the board of directors and discussed prior to being signed by the responsible party.”

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

“Limited transactions and a small board make monitoring of compliance with conflict of interest policy transparent.”

Form 990, Page 6, Part VI, Line 19

“The organization will provide photocopies of governing documents, audited financial statements, and conflict of interest policy upon request.”

Filing and Contact Details

Filer

Filer Name
Lansing Affordable Homes Inc
EIN
38-3110321
Phone
5173942778
Address
79 WARWICK COURT, JACKSON, MI 49203-1859

Signing Officer

Name
Linda Brockway
Title
President
Phone
5173942778
Signed
2015-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Brockway
Formed
1992
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Polk and Associates Plc
Address
30600 TELEGRAPH RD SUITE 2191, BINGHAM FARMS, MI 48025-5714
Preparer
Richard G Williams Jr
Phone
2486425700
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“ROUNDING 1”

Form 990, Part XI, Line 9

“PARTNERS EQUITY 390,224”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“ROUNDING 1”

Raw XML AppendixShowing 400 of 401 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/BOYAmt065680
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt081925
IRS990/AccountsReceivableGrp/BOYAmt017528
IRS990/AccountsReceivableGrp/EOYAmt017717
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW INCOME HOUSING FOR LOW AND/OR MODERATE INCOME INDIVIDUALS
IRS990/AdvertisingGrp/ManagementAndGeneralAmt025
IRS990/AdvertisingGrp/TotalAmt025
IRS990/AllOtherExpensesGrp/ProgramServicesAmt086723
IRS990/AllOtherExpensesGrp/TotalAmt086723
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0LINDA BROCKWAY
IRS990/BooksInCareOfDetail/PhoneNum05173942778
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06445 MERCANTILE WAY 9N
IRS990/BooksInCareOfDetail/USAddress/CityNm0LANSING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048911
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02848
IRS990/CashNonInterestBearingGrp/EOYAmt03245
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0374
IRS990/ConferencesMeetingsGrp/TotalAmt0374
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01063465
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02741
IRS990/CYOtherExpensesAmt0850007
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0132007
IRS990/CYRevenuesLessExpensesAmt0-1807
IRS990/CYSalariesCompEmpBnftPaidAmt0350013
IRS990/CYTotalExpensesAmt01200020
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01198213
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0247795
IRS990/DepreciationDepletionGrp/TotalAmt0247795
IRS990/Desc0THE ORGANIZATION OWNS AND OPERATES A 116 UNIT PROJECT FOR LOW AND/OR MODERATE INCOME INDIVIDUALS UNDER A SECTION 8 HOUSING ASSISTANCE CONTRACT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01050903
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06225
IRS990/FeesForServicesAccountingGrp/TotalAmt06225
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0-16
IRS990/FeesForServicesLegalGrp/TotalAmt0-16
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt064069
IRS990/FeesForServicesManagementGrp/TotalAmt064069
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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/PersonNm0LINDA BROCKWAY
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT VERTALKA
IRS990/Form990PartVIISectionAGrp/PersonNm2DWAYNE BARRETT
IRS990/Form990PartVIISectionAGrp/PersonNm3DONNA JONES
IRS990/Form990PartVIISectionAGrp/PersonNm4CHERYL ALGANA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt01063465
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01198213
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt065975
IRS990/InsuranceGrp/TotalAmt065975
IRS990/IntangibleAssetsGrp/BOYAmt055974
IRS990/IntangibleAssetsGrp/EOYAmt050490
IRS990/InterestGrp/ProgramServicesAmt060677
IRS990/InterestGrp/TotalAmt060677
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02741
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02741
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03191607
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03707598
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03538538
IRS990/LandBldgEquipCostOrOtherBssAmt06730145
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE LOW INCOME HOUSING FOR LOW AND/OR MODERATE INCOME INDIVIDUALS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0855799
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01194353
IRS990/NetAssetsOrFundBalancesBOYAmt03574006
IRS990/NetAssetsOrFundBalancesEOYAmt03181976
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012465
IRS990/OfficeExpensesGrp/TotalAmt012465
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-390223
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt062946
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062946
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SECURITY CONTRACT
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0144354
IRS990/OtherExpensesGrp/ProgramServicesAmt166321
IRS990/OtherExpensesGrp/ProgramServicesAmt256004
IRS990/OtherExpensesGrp/ProgramServicesAmt339016
IRS990/OtherExpensesGrp/TotalAmt0144354
IRS990/OtherExpensesGrp/TotalAmt166321
IRS990/OtherExpensesGrp/TotalAmt256004
IRS990/OtherExpensesGrp/TotalAmt339016
IRS990/OtherLiabilitiesGrp/BOYAmt018637
IRS990/OtherLiabilitiesGrp/EOYAmt019373
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0264369
IRS990/OtherSalariesAndWagesGrp/TotalAmt0264369
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt022698
IRS990/PayrollTaxesGrp/TotalAmt022698
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05603
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05329
IRS990/PrincipalOfficerNm0LINDA BROCKWAY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/BusinessCd4532000
IRS990/ProgramServiceRevenueGrp/Desc0RENT POTENTIAL
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2TENTANT CHARGES
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc4CREDITS AND CONCESSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0115462
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115793
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34260
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41492
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115462
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115793
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41492
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01020330
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02117
IRS990/PYOtherExpensesAmt0879627
IRS990/PYProgramServiceRevenueAmt0134512
IRS990/PYRevenuesLessExpensesAmt0-42265
IRS990/PYSalariesCompEmpBnftPaidAmt0319597
IRS990/PYTotalExpensesAmt01199224
IRS990/PYTotalRevenueAmt01156959
IRS990/ReconcilationRevenueExpnssAmt0-1807
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0724571
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0862308
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01063465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01020330
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01036532
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01045488
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01016460
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05182275
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02117
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02243
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02493
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02964
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012558
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0134748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0136629
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0104041
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0111901
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt094775
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0582094
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02741
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02117
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02493
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02964
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012558
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99780
IRS990ScheduleA/PublicSupportPY509Pct00.99780
IRS990ScheduleA/PublicSupportTotal509Amt05764369
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01198213
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01156959
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01140573
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01157389
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01111235
IRS990ScheduleA/Total509Grp/TotalAmt05764369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01200954
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01159076
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01142816
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01159882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01114199
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05776927
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03045609
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02085108
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05130717
IRS990ScheduleD/EquipmentGrp/BookValueAmt0332928
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01035150
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01368078
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01
IRS990ScheduleD/ExpensesSubtotalAmt01200019
IRS990ScheduleD/LandGrp/BookValueAmt0160000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0160000
IRS990ScheduleD/OtherExpensesNotIncludedAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt071349
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt071350
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SUBSCRIPTION-SECURITY DEP.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID CHARGES-RENT
IRS990ScheduleD/RevenueSubtotalAmt01198213
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ROUNDING 1
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03538538
IRS990ScheduleD/TotalExpensesPerForm990Amt01200020
IRS990ScheduleD/TotalLiabilityAmt019373
IRS990ScheduleD/TotalRevenuePerForm990Amt01198213
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01198213
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01200019
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE HOUSING CORPORATION HAS BEEN DELEGATGED TO TAILOR MADE PROPERTIES, 1165 NORTH MILWAUKEE, CHICAGO, IL 60622
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURNS ARE PROVIDED TO THE BOARD OF DIRECTORS AND DISCUSSED PRIOR TO BEING SIGNED BY THE RESPONSIBLE PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LIMITED TRANSACTIONS AND A SMALL BOARD MAKE MONITORING OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY TRANSPARENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE PHOTOCOPIES OF GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PARTNERS EQUITY 390,224
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04514122
IRS990/TotalAssetsEOYAmt04477627
IRS990/TotalAssetsGrp/BOYAmt04514122
IRS990/TotalAssetsGrp/EOYAmt04477627
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01063465
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0149117
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01050903
IRS990/TotalFunctionalExpensesGrp/TotalAmt01200020
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0940116
IRS990/TotalLiabilitiesEOYAmt01295651
IRS990/TotalLiabilitiesGrp/BOYAmt0940116
IRS990/TotalLiabilitiesGrp/EOYAmt01295651
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03574006
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03181976
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-17500
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-17500
IRS990/TotalProgramServiceExpensesAmt01050903
IRS990/TotalProgramServiceRevenueAmt0132007
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134748
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01198213
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04514122
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04477627
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03574006
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03181976
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA BROCKWAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05173942778
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LANSING AFFORDABLE HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0LANS
ReturnHeader/Filer/EIN0383110321
ReturnHeader/Filer/PhoneNum05173942778
ReturnHeader/Filer/USAddress/AddressLine1Txt079 WARWICK COURT
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0492031859
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383388760
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POLK AND ASSOCIATES PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030600 TELEGRAPH RD SUITE 2191
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BINGHAM FARMS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0480255714
ReturnHeader/PreparerPersonGrp/PhoneNum02486425700
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD G WILLIAMS JR
ReturnHeader/ReturnTs02015-07-29T16:43:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,477,627
Liabilities
$1,295,651
Net assets
$3,181,976
Revenue
$1,198,213
Expenses
$1,200,020
Net income
-$1,807
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$1.05$3.22$1.25$1.24$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.32$1.10$3.22$1.26$1.28$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$1.16$3.24$1.21$1.18$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.44$1.23$3.21$1.21$1.18$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.48$1.30$3.18$1.20$1.20$0.00
2013Detailed filing. Detailed filing data is available for this year.$4.51$0.94$3.57$1.16$1.20$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$1.00$3.60$1.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$1.06$3.57$1.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$1.11$3.51$1.13