Civic Intelligence

Renaissance Development Fund

990 • Fiscal year 2015 • EIN 38-3367429

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

Organization ProfileCSTONEALLIANCE.ORG
38 W Wall StreetBenton Harbor, MI 49022

(269) 925-6100

Siviq Scores

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

Liabilities / Assets

95th percentile

1.12x

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

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

21.52x

Higher debt load relative to revenue than 99% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

3rd percentile

-68%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

9th percentile

$133,311

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

6th percentile

-10%

Faster asset growth than 6% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-58%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$63,907,669

Down $7,445,394 (-10%) from 2014

Net Assets

Down

-$7,980,007

Down $4,582,379 (-135%) from 2014

Liabilities

Down

$71,887,676

Down $2,863,015 (-3.8%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Down

$3,341,075

Down $4,550,905 (-58%) from 2014

Expenses

Down

$5,615,154

Down $656,892 (-10%) from 2014

Net Income

Down

-$2,274,079

Down $3,894,013 (-240%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$100M$50M$0-$50MAssets 2010: $68,596,991Liabilities 2010: $66,184,913Net Assets 2010: $2,412,0782010Assets 2011: $74,327,213Liabilities 2011: $77,928,052Net Assets 2011: -$3,600,8392011Assets 2012: $85,877,954Liabilities 2012: $88,243,868Net Assets 2012: -$2,365,9142012Assets 2013: $71,591,843Liabilities 2013: $76,039,633Net Assets 2013: -$4,447,7902013Assets 2014: $71,353,063Liabilities 2014: $74,750,691Net Assets 2014: -$3,397,6282014Assets 2015: $63,907,669Liabilities 2015: $71,887,676Net Assets 2015: -$7,980,0072015Assets 2016: $56,038,998Liabilities 2016: $63,706,957Net Assets 2016: -$7,667,9592016Assets 2017: $69,680,956Liabilities 2017: $86,185,605Net Assets 2017: -$16,504,6492017Assets 2018: $63,466,471Liabilities 2018: $82,399,735Net Assets 2018: -$18,933,2642018Assets 2019: $28,671,588Liabilities 2019: $37,664,676Net Assets 2019: -$8,993,0882019Assets 2020: $29,918,588Liabilities 2020: $35,250,859Net Assets 2020: -$5,332,2712020Assets 2021: $26,943,889Liabilities 2021: $32,965,079Net Assets 2021: -$6,021,1902021Assets 2022: $22,142,034Liabilities 2022: $32,345,602Net Assets 2022: -$10,203,5682022Assets 2023: $20,236,384Liabilities 2023: $29,543,621Net Assets 2023: -$9,307,2372023Assets 2024: $19,841,908Liabilities 2024: $27,897,571Net Assets 2024: -$8,055,6632024

Highlighted filing

2015

Assets$63,907,669
Liabilities$71,887,676
Net Assets-$7,980,007
Open 2015 Filing

Operations Trend

Revenue Growth3rd percentile

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

$20M$10M$0-$10MExpenses 2010: $4,786,7772010Expenses 2011: $6,414,3652011Expenses 2012: $6,885,1132012Revenue 2013: $17,136,640Expenses 2013: $7,539,996Net Income 2013: $9,596,6442013Revenue 2014: $7,891,980Expenses 2014: $6,272,046Net Income 2014: $1,619,9342014Revenue 2015: $3,341,075Expenses 2015: $5,615,154Net Income 2015: -$2,274,0792015Revenue 2016: $836,254Expenses 2016: $1,913,647Net Income 2016: -$1,077,3932016Revenue 2017: $882,106Expenses 2017: $4,248,796Net Income 2017: -$3,366,6902017Revenue 2018: $2,098,010Expenses 2018: $4,316,009Net Income 2018: -$2,217,9992018Revenue 2019: $14,531,595Expenses 2019: $4,388,034Net Income 2019: $10,143,5612019Revenue 2020: $6,916,378Expenses 2020: $3,255,561Net Income 2020: $3,660,8172020Revenue 2021: $2,827,375Expenses 2021: $3,516,294Net Income 2021: -$688,9192021Revenue 2022: $2,743,175Expenses 2022: $2,820,695Net Income 2022: -$77,5202022Revenue 2023: $5,877,883Expenses 2023: $3,204,065Net Income 2023: $2,673,8182023Revenue 2024: $4,163,048Expenses 2024: $3,861,069Net Income 2024: $301,9792024

Highlighted filing

2015

Revenue$3,341,075
Expenses$5,615,154
Net Income-$2,274,079
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$38,993,052
Mission and Program Overview

Mission

The organization, partnering with the cornerstone alliance, engages in the development of economic growth for the cities of benton harbor and st. Joseph and the townships of benton, lincoln, and royalton.

The renaissance development fund is engaged in the development and implementation of economic growth for the cities of benton harbor and st. Joseph and the townships of benton, lincoln and royalton.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,538,184$4,419,908▼ $118,276
Savings and Temporary Cash Investments$1,845,065$1,758,412▼ $86,653
Land, Buildings, and Equipment, Net$37,448,031$1,221,696▼ $36,226,335
Inventories for Sale or Use$52,587$74,664▲ $22,077
Accounts Receivable$15,808$66,006▲ $50,198
Prepaid Expenses and Deferred Charges$41,170$47,147▲ $5,977
Investments Other Securities$40,118$38,175▼ $1,943
Investments Program Related$-16,181,685$-6,786,206▲ $9,395,479
Total Assets$71,353,063$63,907,669▼ $7,445,394
Other Assets Total$43,553,785$63,067,867▲ $19,514,082
Liabilities
Mortgage Notes Payable Secured by Investment Property$53,788,012$50,138,828▼ $3,649,184
Other Liabilities$20,376,147$21,218,536▲ $842,389
Deferred Revenue$340,536$325,266▼ $15,270
Accounts Payable and Accrued Expenses$245,996$205,046▼ $40,950
Total Liabilities$74,750,691$71,887,676▼ $2,863,015
Net Assets / Fund Balance
Temporarily Rstr Net Assets$228,772$228,954▲ $182
Unrestricted Net Assets$-3,626,400$-8,208,961▼ $4,582,561
Total Net Assets Fund Balance$-3,397,628$-7,980,007▼ $4,582,379
Total Liabilities and Net Assets / Fund Balance$71,353,063$63,907,669▼ $7,445,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,078,747$231,778$1,310,525
Land$142,949-$142,949
Other Assets Org$18,226,570--
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Victoria PrattDirector (part Year)-$133,311$133,311
Greg VaughnPresidentPT$115,425$115,425
Ron GriesingerSecretary/CFOPT$100,550$100,550

Board Members and Trustees

NameTitle
Jim TomczykVice Chair
Alan BerryDirector
David BlyDirector
Ken AnkliDirector
Bill HanleyDirector (part Year)
David SchafferTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Evergreen Development CompanyManagement Services400 RIVERVIEW DR, Benton Harbor, MI 49022$899,305
Kemper SportsGolf Management Services500 SKOKIE BLVD SUITE 444, North Brook, IL 60062$171,236
Dickinson Wright PllcLegal Services500 WOODWARD AVE, Detroit, MI 49022$147,514
Revenue and Support

Revenue Composition

Contributions and Grants
$10,427,168
Program Service Revenue
$2,283,735
Investment Income
$-9,711,776
Other Revenue
$341,948
All Other Contributions
$200,000
Change in Net Assets
$-2,274,079

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$10,213,854Fair Market Value
Total Noncash Contributions1$10,213,854-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,615,154
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
Fees for Services Other$1,522,370$420,929-$1,943,299
Interest$927,718--$927,718
Depreciation Depletion$806,743--$806,743
Fees for Services Management-$306,132-$306,132
Occupancy$225,287$21,337-$246,624
Fees for Services Legal$1,945$151,002-$152,947
Fees for Services Accounting-$110,950-$110,950
Insurance$4,146$78,381-$82,527
Advertising$22,749$750-$23,499
Other Expenses$20,126$1,616-$21,742
Travel$4,036$12,307-$16,343
Office Expenses$1,591$3,151-$4,742
Total Functional Expenses$4,427,753$1,187,401$0$5,615,154
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
Deferred Tif Revenue$14,762,474
due to harbor shores community redevelopment, inc$6,356,062
Due to Harbor Shores Hv Construction, LLC$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 A, line 7A

“Cornerstone alliance has the power to appoint the board of directors of renaissance development fund”

Form 990, Part VI, Section B, line 11

“Cfo of the organization reviews the draft 990. After their review, management of the organization emails a draft copy of the form 990 to all board members for their review prior to filing.”

Form 990, Part VI, Section B, line 15

“COMPENSATION OF THE ORGANIZATION'S OFFICERS IS DETERMINED BY THE RELATED ORGANIZATION FROM WHICH THEY ARE COMPENSATED. THE RELATED ORGANIZATION'S PROCESS IS AS FOLLOWS: Compensation for the President/CEO is reviewed and approved by the Compensation Committee. Compensation Committee uses comparable data to review president/CEO compensation. The compensation for the remaining officers and key employees is reviewed and approved by the President/CEO. The most recent year for this evaluation was 2015.”

Form 990, Part VI, Section C, line 19

“A copy of the organization's governing documents, conflict of interest policy, and financial statements are available upon request at the renaissance development office.”

Filing and Contact Details

Filer

Filer Name
Renaissance Development Fund
EIN
38-3367429
Phone
2699256100
Address
38 W WALL STREET, BENTON HARBOR, MI 49022

Signing Officer

Name
ron griesinger
Title
CFO
Phone
2699256100
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Vaughn
Formed
1997
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Plante & Moran Pllc
Address
511 Renaissance Dr Ste 120, St Joseph, MI 49085
Preparer
Kenley Penner CPA
Phone
2699828000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“OTHER PROFESSIONAL SERVICES: Program service expenses 17,852. Management and general expenses 40,485. Fundraising expenses 0. Total expenses 58,337. CONTRACTED GOLF COURSE OPERATIONS: Program service expenses 1,135,785. Management and general expenses 285,185. Fundraising expenses 0. Total expenses 1,420,970. MISCELLANEOUS GOLF COURSE EXPENSES: Program service expenses 368,733. Management and general expenses 95,259. Fundraising expenses 0. Total expenses 463,992.”

Form 990, Part XI, line 9:

“Change in interest harbor shores bhbt land development, llc -1,493,883. Change in interest harbor shores hv construction, llc -814,417.”

FORM 990, PART XII, LINE 2C:

“The audit oversight and selection processes have not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The organization qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and therefore is not subject to federal and state income taxes. Accordingly, contributions to the organization are deductible by the donor for federal income tax purposes. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the organization and has concluded that as of december 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2012.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY/CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-9900324
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt013314
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt025751653
IRS990/GrossReceiptsAmt038993052
IRS990/GrossRentsGrp/RealAmt038600
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt078381
IRS990/InsuranceGrp/ProgramServicesAmt04146
IRS990/InsuranceGrp/TotalAmt082527
IRS990/InterestGrp/ProgramServicesAmt0927718
IRS990/InterestGrp/TotalAmt0927718
IRS990/InventoriesForSaleOrUseGrp/BOYAmt052587
IRS990/InventoriesForSaleOrUseGrp/EOYAmt074664
IRS990/InvestmentIncomeGrp/ExclusionAmt0188548
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0188548
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt040118
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt038175
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0-16181685
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0-6786206
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0231778
IRS990/LandBldgEquipBasisNetGrp/BOYAmt037448031
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01221696
IRS990/LandBldgEquipCostOrOtherBssAmt01453474
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt035651977
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0-1943
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt0-1943
IRS990/MissionDesc0THE ORGANIZATION, PARTNERING WITH CORNERSTONE ALLIANCE, ENGAGES IN THE DEVELOPMENT OF ECONOMIC GROWTH FOR THE CITIES OF BENTON HARBOR AND ST. JOSEPH AND THE TOWNSHIPS OF BENTON, LINCOLN AND ROYALTON.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt053788012
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt050138828
IRS990/NetAssetsOrFundBalancesBOYAmt0-3397628
IRS990/NetAssetsOrFundBalancesEOYAmt0-7980007
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-9900324
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-9900324
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt038600
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt038600
IRS990/NetUnrelatedBusTxblIncmAmt0-1657
IRS990/NoncashContributionsAmt010213854
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021337
IRS990/OccupancyGrp/ProgramServicesAmt0225287
IRS990/OccupancyGrp/TotalAmt0246624
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03151
IRS990/OfficeExpensesGrp/ProgramServicesAmt01591
IRS990/OfficeExpensesGrp/TotalAmt04742
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043553785
IRS990/OtherAssetsTotalGrp/EOYAmt063067867
IRS990/OtherChangesInNetAssetsAmt0-2308300
IRS990/OtherExpensesGrp/Desc0GOLF COURSE SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07393
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt173453
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21616
IRS990/OtherExpensesGrp/ProgramServicesAmt0663049
IRS990/OtherExpensesGrp/ProgramServicesAmt1227490
IRS990/OtherExpensesGrp/ProgramServicesAmt2503
IRS990/OtherExpensesGrp/ProgramServicesAmt320126
IRS990/OtherExpensesGrp/TotalAmt0663049
IRS990/OtherExpensesGrp/TotalAmt1234883
IRS990/OtherExpensesGrp/TotalAmt273956
IRS990/OtherExpensesGrp/TotalAmt321742
IRS990/OtherLiabilitiesGrp/BOYAmt020376147
IRS990/OtherLiabilitiesGrp/EOYAmt021218536
IRS990/OtherRevenueMiscGrp/BusinessCd0900999
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0TIF REIMBURSEMENT INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc2BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/ExclusionAmt0203374
IRS990/OtherRevenueMiscGrp/ExclusionAmt1101291
IRS990/OtherRevenueMiscGrp/ExclusionAmt2626
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0203374
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1101291
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2626
IRS990/OtherRevenueTotalAmt0303348
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04538184
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04419908
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041170
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047147
IRS990/PrincipalOfficerNm0GREGORY VAUGHN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713910
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0GOLF COURSE OPERATIONS
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM LOAN INTEREST AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02267853
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02267853
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115882
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF A PUBLIC GOLF COURSE TO SERVE AS A CATALYST FOR ECONOMIC DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04265483
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02267853
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04945826
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0244191
IRS990/PYOtherExpensesAmt06272046
IRS990/PYOtherRevenueAmt0253408
IRS990/PYProgramServiceRevenueAmt02448555
IRS990/PYRevenuesLessExpensesAmt01619934
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt06272046
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07891980
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2274079
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt010213854
IRS990/RentalIncomeOrLossGrp/RealAmt038600
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015882
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01845065
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01758412
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0382772476
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CORNERSTONE ALLIANCE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01078747
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0231778
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01310525
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0142949
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0142949
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03650498
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118909447
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26879624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3377866
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4150912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt514762474
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt670000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt740476
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt818226570
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM HARBOR SHORES BHBT LAND DEVELOPMENT, LLC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM HARBOR SHORES COMMUNITY REDEVELOPMENT, INC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM HARBOR SHORES HV CONSTRUCTION, LLC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM CORNERSTONE ALLIANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5TIF RECEIVABLE

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$63,907,669
Liabilities
$71,887,676
Net assets
-$7,980,007
Revenue
$3,341,075
Expenses
$5,615,154
Net income
-$2,274,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$27.9$8.06$4.16$3.86$0.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.2$29.5$9.31$5.88$3.20$2.67
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$32.3$10.2$2.74$2.82$0.08
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$26.9$33.0$6.02$2.83$3.52$0.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$35.3$5.33$6.92$3.26$3.66
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$37.7$8.99$14.5$4.39$10.1
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.5$82.4$18.9$2.10$4.32$2.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.7$86.2$16.5$0.88$4.25$3.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.0$63.7$7.67$0.84$1.91$1.08
2015Detailed filing. Detailed filing data is available for this year.$63.9$71.9$7.98$3.34$5.62$2.27
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$74.8$3.40$7.89$6.27$1.62
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$71.6$76.0$4.45$17.1$7.54$9.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.9$88.2$2.37$6.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.3$77.9$3.60$6.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.6$66.2$2.41$4.79