Civic Intelligence

Homecor

EIN 38-3281993 • 501(c)3 • Holland, MI

Profile

Enhance Holland's central city neighborhoods by renovating homes

96 West 15th Street Suite 202Holland, MI 49423

www.homecor.org

Siviq Scores

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

Liabilities / Assets

81st percentile

0.33x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.85x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $500k-$1M 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

24th percentile

-6.4%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

179%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$842,824

Down $57,575 (-6.4%) from 2023

Liabilities

Down

$275,000

Down $150,000 (-35%) from 2023

Net Assets

Up

$567,824

Up $92,425 (+19%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin93rd percentile

Revenue

Up

$148,952

Up $95,578 (+179%) from 2023

Expenses

Down

$56,527

Down $43,046 (-43%) from 2023

Net Income

Up

$92,425

Up $138,624 (+300%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

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

$1.0M$500K$0Assets 2011: $59,246Liabilities 2011: $0Net Assets 2011: $59,2462011Assets 2012: $66,991Liabilities 2012: $02012Assets 2013: $298,247Liabilities 2013: $100,0002013Assets 2014: $613,842Liabilities 2014: $375,0002014Assets 2015: $795,391Liabilities 2015: $397,500Net Assets 2015: $397,8912015Assets 2016: $854,556Liabilities 2016: $397,500Net Assets 2016: $457,0562016Assets 2017: $725,592Liabilities 2017: $425,000Net Assets 2017: $300,5922017Assets 2018: $783,501Liabilities 2018: $425,000Net Assets 2018: $358,5012018Assets 2019: $870,490Liabilities 2019: $425,000Net Assets 2019: $445,4902019Assets 2020: $959,247Liabilities 2020: $425,000Net Assets 2020: $534,2472020Assets 2021: $975,015Liabilities 2021: $425,000Net Assets 2021: $550,0152021Assets 2022: $946,598Liabilities 2022: $425,000Net Assets 2022: $521,5982022Assets 2023: $900,399Liabilities 2023: $425,000Net Assets 2023: $475,3992023Assets 2024: $842,824Liabilities 2024: $275,000Net Assets 2024: $567,8242024

Highlighted filing

2024

Assets$842,824
Liabilities$275,000
Net Assets$567,824
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$400K$200K$0-$200KRevenue 2011: $56,663Expenses 2011: $54,264Net Income 2011: $2,3992011Revenue 2012: $53,203Expenses 2012: $63,671Net Income 2012: -$10,4682012Revenue 2013: $184,489Expenses 2013: $53,234Net Income 2013: $131,2552013Revenue 2014: $105,276Expenses 2014: $64,680Net Income 2014: $40,5962014Revenue 2015: $251,172Expenses 2015: $92,122Net Income 2015: $159,0502015Revenue 2016: $134,934Expenses 2016: $75,770Net Income 2016: $59,1642016Revenue 2017: -$98,897Expenses 2017: $57,567Net Income 2017: -$156,4642017Revenue 2018: $113,442Expenses 2018: $55,533Net Income 2018: $57,9092018Revenue 2019: $173,885Expenses 2019: $86,896Net Income 2019: $86,9892019Revenue 2020: $146,984Expenses 2020: $58,227Net Income 2020: $88,7572020Revenue 2021: $63,474Expenses 2021: $47,706Net Income 2021: $15,7682021Revenue 2022: $53,735Expenses 2022: $82,152Net Income 2022: -$28,4172022Revenue 2023: $53,374Expenses 2023: $99,573Net Income 2023: -$46,1992023Revenue 2024: $148,952Expenses 2024: $56,527Net Income 2024: $92,4252024

Highlighted filing

2024

Revenue$148,952
Expenses$56,527
Net Income$92,425
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$842,824
Liabilities
$275,000
Net assets
$567,824
Revenue
$148,952
Expenses
$56,527
Net income
$92,425
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.43$2.75$5.68$1.49$0.57$0.92
2023Detailed filing. Detailed filing data is available for this year.$9.00$4.25$4.75$0.53$1.00$0.46
2022Detailed filing. Detailed filing data is available for this year.$9.47$4.25$5.22$0.54$0.82$0.28
2021Detailed filing. Detailed filing data is available for this year.$9.75$4.25$5.50$0.63$0.48$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.59$4.25$5.34$1.47$0.58$0.89
2019Summary only. Only limited summary data is available for this year.$8.70$4.25$4.45$1.74$0.87$0.87
2018Summary only. Only limited summary data is available for this year.$7.84$4.25$3.59$1.13$0.56$0.58
2017Summary only. Only limited summary data is available for this year.$7.26$4.25$3.01$0.99$0.58$1.56
2016Summary only. Only limited summary data is available for this year.$8.55$3.98$4.57$1.35$0.76$0.59
2015Summary only. Only limited summary data is available for this year.$7.95$3.98$3.98$2.51$0.92$1.59
2014Summary only. Only limited summary data is available for this year.$6.14$3.75$1.05$0.65$0.41
2013Summary only. Only limited summary data is available for this year.$2.98$1.00$1.84$0.53$1.31
2012Summary only. Only limited summary data is available for this year.$0.67$0.00$0.53$0.64$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.57$0.54$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.0
Gross Receipts
$149,295
Mission and Program Overview

Mission

Enhance Holland's central city neighborhoods by renovating homes

Enhance Holland, Michigan's central city neighborhoods by renovating homes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$475,399$567,824▲ $92,425
Inventories for Sale or Use$0$322,691▲ $322,691
Cash and Non-Interest-Bearing Accounts$650,399$295,133▼ $355,266
Other Notes and Loans Receivable, Net$250,000$225,000▼ $25,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$900,399$842,824▼ $57,575
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$425,000$275,000▼ $150,000
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$425,000$275,000▼ $150,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$475,399$567,824▲ $92,425
Total Liabilities and Net Assets / Fund Balance$900,399$842,824▼ $57,575
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Deborah SterkenPresident
Donna BrooksVice President
Drew DurhamDirector
Jake NorrisDirector
Jane ClarkDirector
Nathaniel RyanDirector
Phil MeyerDirector
Thomas SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$131,798
Program Service Revenue
$0
Investment Income
$17,497
Other Revenue
$-343
All Other Contributions
$131,798
Change in Net Assets
$92,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$45,345
Other Expenses$11,182
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$45,345--$45,345
Fees for Services Management$9,350$0$0$9,350
Office Expenses$1,520$0$0$1,520
Insurance$312$0$0$312
Total Functional Expenses$56,527$0$0$56,527
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Form 990 and Schedules are available for all Board members at a monthly meeting or by email.”

Form 990, Part VI, Section C, Line 19

“Documents available upon request”

Filing and Contact Details

Filer

Filer Name
Homecor
EIN
38-3281993
Phone
6168362531
Address
96 West 15th Street Suite 202, Holland, MI 49423

Signing Officer

Name
Amy Alderink
Title
Executive Director
Phone
6168362531
Signed
2025-05-09

Organization Details

Principal Officer
Amy Alderink
Formed
1996
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
15
Raw XML AppendixShowing 400 of 570 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/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0322691
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt017497
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017497
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Enhance Holland's central city neighborhoods by renovating homes
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0475399
IRS990/NetAssetsOrFundBalancesEOYAmt0567824
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-343
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-343
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt01520
IRS990/OfficeExpensesGrp/TotalAmt01520
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0250000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0225000
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Amy Alderink
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Purchase, renovate, and sell distressed homes to owner occupants.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0900
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt055000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt094586
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt088752
IRS990/PYInvestmentIncomeAmt018
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt010821
IRS990/PYOtherRevenueAmt0-41230
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-46199
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt099573
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt053374
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt092425
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt076797
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00

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