Civic Intelligence

Northern Homes Community Development Corporation

990 • Fiscal year 2014 • EIN 38-3395829

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 26, 2015

Organization ProfileWWW.NORTHERNHOMES.ORG
PO Box 86 1048 E Main StreetBoyne City, MI 49712

(231) 582-6244

Siviq Scores

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

Liabilities / Assets

84th percentile

0.68x

Higher debt load relative to assets than 84% of similar nonprofits.

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

Liabilities / Revenue

88th percentile

1.66x

Higher debt load relative to revenue than 88% of similar nonprofits.

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

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

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

Top Officer Pay

59th percentile

$79,159

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

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

Asset Growth

79th percentile

17%

Faster asset growth than 79% of similar nonprofits.

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

Revenue Growth

87th percentile

47%

Faster revenue growth than 87% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$1,607,571

Up $228,983 (+17%) from 2013

Net Assets

Up

$513,678

Up $71,960 (+16%) from 2013

Liabilities

Up

$1,093,893

Up $157,023 (+17%) from 2013

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin69th percentile

Revenue

Up

$657,212

Up $210,300 (+47%) from 2013

Expenses

Up

$585,252

Up $72,848 (+14%) from 2013

Net Income

Up

$71,960

Up $137,452 (+210%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,625,426Liabilities 2010: $982,055Net Assets 2010: $643,3712010Assets 2011: $1,442,713Liabilities 2011: $948,118Net Assets 2011: $494,5952011Assets 2012: $1,532,158Liabilities 2012: $978,385Net Assets 2012: $553,7732012Assets 2013: $1,378,588Liabilities 2013: $936,870Net Assets 2013: $441,7182013Assets 2014: $1,607,571Liabilities 2014: $1,093,893Net Assets 2014: $513,6782014Assets 2015: $1,952,797Liabilities 2015: $1,103,393Net Assets 2015: $849,4042015Assets 2016: $2,152,822Liabilities 2016: $1,074,326Net Assets 2016: $1,078,4962016Assets 2017: $2,305,329Liabilities 2017: $1,011,409Net Assets 2017: $1,293,9202017Assets 2018: $2,365,042Liabilities 2018: $1,204,701Net Assets 2018: $1,160,3412018Assets 2019: $3,109,113Liabilities 2019: $1,490,648Net Assets 2019: $1,618,4652019Assets 2020: $3,044,401Liabilities 2020: $1,614,465Net Assets 2020: $1,429,9362020Assets 2021: $4,359,546Liabilities 2021: $2,275,040Net Assets 2021: $2,084,5062021Assets 2022: $5,128,943Liabilities 2022: $2,876,383Net Assets 2022: $2,252,5602022Assets 2023: $5,333,546Liabilities 2023: $3,053,269Net Assets 2023: $2,280,2772023Assets 2024: $5,485,121Liabilities 2024: $3,112,862Net Assets 2024: $2,372,2592024

Highlighted filing

2014

Assets$1,607,571
Liabilities$1,093,893
Net Assets$513,678
Open 2014 Filing

Operations Trend

Revenue Growth87th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $319,7492010Expenses 2011: $603,7442011Expenses 2012: $540,5762012Revenue 2013: $446,912Expenses 2013: $512,404Net Income 2013: -$65,4922013Revenue 2014: $657,212Expenses 2014: $585,252Net Income 2014: $71,9602014Revenue 2015: $904,459Expenses 2015: $548,733Net Income 2015: $355,7262015Revenue 2016: $969,143Expenses 2016: $777,087Net Income 2016: $192,0562016Revenue 2017: $483,023Expenses 2017: $614,023Net Income 2017: -$131,0002017Revenue 2018: $550,701Expenses 2018: $507,765Net Income 2018: $42,9362018Revenue 2019: $940,858Expenses 2019: $602,073Net Income 2019: $338,7852019Revenue 2020: $905,904Expenses 2020: $633,739Net Income 2020: $272,1652020Revenue 2021: $1,524,344Expenses 2021: $651,089Net Income 2021: $873,2552021Revenue 2022: $1,069,277Expenses 2022: $930,755Net Income 2022: $138,5222022Revenue 2023: $1,647,392Expenses 2023: $1,619,675Net Income 2023: $27,7172023Revenue 2024: $963,046Expenses 2024: $871,064Net Income 2024: $91,9822024

Highlighted filing

2014

Revenue$657,212
Expenses$585,252
Net Income$71,960
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 26, 2015
Return Version
2014v5.0
Gross Receipts
$657,212
Mission and Program Overview

Mission

Create housing for low income individuals in six county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,059,437$1,037,505▼ $21,932
Cash and Non-Interest-Bearing Accounts$57,248$198,440▲ $141,192
Other Notes and Loans Receivable, Net-$152,647-
Accounts Receivable$121,559$97,079▼ $24,480
Prepaid Expenses and Deferred Charges$9,461$10,154▲ $693
Intangible Assets$10,311$9,919▼ $392
Total Assets$1,378,588$1,607,571▲ $228,983
Other Assets Total$120,572$101,827▼ $18,745
Liabilities
Mortgage Notes Payable Secured by Investment Property$727,704$759,729▲ $32,025
Other Liabilities$170,298$165,009▼ $5,289
Deferred Revenue$2,514$132,101▲ $129,587
Accounts Payable and Accrued Expenses$36,354$37,054▲ $700
Total Liabilities$936,870$1,093,893▲ $157,023
Net Assets / Fund Balance
Unrestricted Net Assets$158,867$513,678▲ $354,811
Temporarily Rstr Net Assets$282,851--
Total Net Assets Fund Balance$441,718$513,678▲ $71,960
Total Liabilities and Net Assets / Fund Balance$1,378,588$1,607,571▲ $228,983

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$608,885$85,897$694,782
Land$416,149-$416,149
Equipment$12,471$25,476$37,947
Other Assets Org$4,006--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane MackenzieExecutive DiFT$60,000$19,159$79,159

Board Members and Trustees

NameTitle
Jan BassettPresident
Bryan GillettDirector
David WhiteDirector
Jason AcostaDirector
Kevin Makarewicz PeDirector
Mel MatchettDirector
Roger RoyerDirector
Shar GraweyDirector
Tom JohnsonSecretary
Sue ClearyTreasurer
Rick AndersonVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$333,633
Program Service Revenue
$318,216
Investment Income
$5,363
Other Revenue
$0
All Other Contributions
$38,742
Change in Net Assets
$71,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$657,212
Revenue Not Reported on Form 990
$4,446
Total Revenue per Audited Statements
$661,658
Total Revenue per Form 990
$657,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$412,593
Salaries, Compensation, and Employee Benefits$172,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$86,207$2,788-$88,995
Other Salaries and Wages$71,856--$71,856
Current Officers, Directors, Trustees, and Key Employees$53,612$6,388-$60,000
Interest$35,222$96-$35,318
Other Employee Benefits$30,563--$30,563
Depreciation Depletion$27,084--$27,084
Insurance$21,373$4,011-$25,384
Fees for Services Other$17,550--$17,550
Travel$10,304$2,711-$13,015
Fees for Services Accounting$1,700$9,567-$11,267
Payroll Taxes$10,240--$10,240
All Other Expenses$3,470$3,840-$7,310
Other Expenses$2,316$2,335-$4,651
Advertising$3,623$91-$3,714
Office Expenses$1,487$1,312-$2,799
Conferences and Meetings$1,835$623-$2,458
Total Functional Expenses$539,983$45,269$0$585,252

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$589,698
Expenses per Audited Statements$585,252
Total Expenses per Form 990$585,252
Expenses Not Reported on Form 990$4,446
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
Mshda Repayable Land Acquisition Gra$148,215
Cobble Creek Security Deposits$12,210
Compensated Absences$4,584
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“There is a management agreement with kmg prestige, inc. To manage the cobble creek i apartments as an agent of northern homes cdc.”

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

“The 990 is reviewed by the executive director and a copy provided to the board of directors prior to filing.”

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

“Conflicts of interest are discussed at annual meeting and as new contracts are approved.”

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

“Annual performance review is performed for the executive director and any salary increases are voted on and authorized by the board of directors.”

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

“Performance reviews are performed annually by the executive director and any salary increases are voted upon by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“All governing documents are made available to the public upon request of the organization.”

Filing and Contact Details

Filer

Filer Name
Northern Homes Community
EIN
38-3395829
Phone
2315826244
Address
PO BOX 86 1048 E MAIN STREET, BOYNE CITY, MI 49712

Signing Officer

Name
Jane Mackenzie
Title
Executive Director
Phone
2315826244
Signed
2015-08-26
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
4

Preparer

Firm
Andersontackman & Company Plc
Address
16978 S RILEY AVE, KINCHELOE, MI 49788
Preparer
Amber Mack CPA
Phone
9064955952
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Housing rehabilitation project grants through mshda and other projects (ground lease, bridge street, east jordan senior project).”

Form 990, Part XI, Line 9

“Imputed interest 4,446 imputed interest -4,446”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“IMPUTED INTEREST 4,446”

Schedule D, Page 4, Part XII, Line 2D

“IMPUTED INTEREST 4,446”

Raw XML AppendixShowing 400 of 469 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/OfficeExpensesGrp/ProgramServicesAmt01487
IRS990/OfficeExpensesGrp/TotalAmt02799
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0120572
IRS990/OtherAssetsTotalGrp/EOYAmt0101827
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030563
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030563
IRS990/OtherExpensesGrp/Desc0TRANSFER TO AFFILIATE
IRS990/OtherExpensesGrp/Desc1OTHER ADMIN
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3COMMUNICATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011507
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12335
IRS990/OtherExpensesGrp/ProgramServicesAmt094654
IRS990/OtherExpensesGrp/ProgramServicesAmt161788
IRS990/OtherExpensesGrp/ProgramServicesAmt25099
IRS990/OtherExpensesGrp/ProgramServicesAmt32316
IRS990/OtherExpensesGrp/TotalAmt094654
IRS990/OtherExpensesGrp/TotalAmt161788
IRS990/OtherExpensesGrp/TotalAmt216606
IRS990/OtherExpensesGrp/TotalAmt34651
IRS990/OtherLiabilitiesGrp/BOYAmt0170298
IRS990/OtherLiabilitiesGrp/EOYAmt0165009
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt071856
IRS990/OtherSalariesAndWagesGrp/TotalAmt071856
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0152647
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt010240
IRS990/PayrollTaxesGrp/TotalAmt010240
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09461
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010154
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0COBBLE CREEK RENTS
IRS990/ProgramServiceRevenueGrp/Desc1CONSULTING
IRS990/ProgramServiceRevenueGrp/Desc2SITE MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3GROUND LEASE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4COUNSELING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0199695
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161709
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247812
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0199695
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161709
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247812
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43600
IRS990/ProgSrvcAccomActy2Grp/Desc0COBBLE CREEK I APARTMENTS- DEVELOPED UNDER THE USDA RD 515 PROGRAM. APARTMENTS ARE RENTED TO LOW INCOME HOUSEHOLDS AND HAVE ADDITIONAL PROJECT BASED RENTAL ASSISTANCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0232223
IRS990/ProgSrvcAccomActy3Grp/Desc0ADMINISTRATION OF APARTMENT MANAGEMENT FOR BELLAIRE SENIOR AND MAPLE VILLAGE APARTMENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt038396
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HOUSING REHABILITATION PROJECT GRANTS THROUGH MSHDA AND OTHER PROJECTS (GROUND LEASE, BRIDGE STREET, EAST JORDAN SENIOR PROJECT).
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0150663
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0199883
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0134
IRS990/PYOtherExpensesAmt0351158
IRS990/PYProgramServiceRevenueAmt0246895
IRS990/PYRevenuesLessExpensesAmt0-65492
IRS990/PYSalariesCompEmpBnftPaidAmt0161246
IRS990/PYTotalExpensesAmt0512404
IRS990/PYTotalRevenueAmt0446912
IRS990/ReconcilationRevenueExpnssAmt071960
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 1,074,858
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0333633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0152129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0292938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0295481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt090921
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01165102
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0153
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0158
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0485
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0323579
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0306641
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0306816
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0322169
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0139232
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01074858
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52000
IRS990ScheduleA/PublicSupportPY170Pct00.53430
IRS990ScheduleA/PublicSupportTotal170Amt01165102
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0333633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0152129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0292938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0295481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt090921
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01165102
IRS990ScheduleA/TotalSupportAmt02240445
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0608885
IRS990ScheduleD/BuildingsGrp/DepreciationAmt085897
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0694782
IRS990ScheduleD/EquipmentGrp/BookValueAmt012471
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025476
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037947
IRS990ScheduleD/ExpensesNotReportedAmt04446
IRS990ScheduleD/ExpensesSubtotalAmt0585252
IRS990ScheduleD/LandGrp/BookValueAmt0416149
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0416149
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt074624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112210
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt210987
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34006
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CIP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESERVE FOR TAXES & INS.
IRS990ScheduleD/OtherExpensesIncludedAmt04446
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0148215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24584
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MSHDA REPAYABLE LAND ACQUISITION GRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COBBLE CREEK SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES
IRS990ScheduleD/OtherRevenueAmt04446
IRS990ScheduleD/RevenueNotReportedAmt04446
IRS990ScheduleD/RevenueSubtotalAmt0657212
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IMPUTED INTEREST 4,446
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IMPUTED INTEREST 4,446
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01037505
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0101827
IRS990ScheduleD/TotalExpensesPerForm990Amt0585252
IRS990ScheduleD/TotalLiabilityAmt0165009
IRS990ScheduleD/TotalRevenuePerForm990Amt0657212
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0661658
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0589698
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOUSING REHABILITATION PROJECT GRANTS THROUGH MSHDA AND OTHER PROJECTS (GROUND LEASE, BRIDGE STREET, EAST JORDAN SENIOR PROJECT).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS A MANAGEMENT AGREEMENT WITH KMG PRESTIGE, INC. TO MANAGE THE COBBLE CREEK I APARTMENTS AS AN AGENT OF NORTHERN HOMES CDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND A COPY PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICTS OF INTEREST ARE DISCUSSED AT ANNUAL MEETING AND AS NEW CONTRACTS ARE APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL PERFORMANCE REVIEW IS PERFORMED FOR THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED ON AND AUTHORIZED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PERFORMANCE REVIEWS ARE PERFORMED ANNUALLY BY THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED UPON BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7IMPUTED INTEREST 4,446 IMPUTED INTEREST -4,446
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0282851
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false

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
$1,607,571
Liabilities
$1,093,893
Net assets
$513,678
Revenue
$657,212
Expenses
$585,252
Net income
$71,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.49$3.11$2.37$0.96$0.87$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.33$3.05$2.28$1.65$1.62$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.13$2.88$2.25$1.07$0.93$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$2.28$2.08$1.52$0.65$0.87
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.04$1.61$1.43$0.91$0.63$0.27
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$1.49$1.62$0.94$0.60$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$1.20$1.16$0.55$0.51$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$1.01$1.29$0.48$0.61$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$1.07$1.08$0.97$0.78$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$1.10$0.85$0.90$0.55$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.61$1.09$0.51$0.66$0.59$0.07
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.94$0.44$0.45$0.51$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.98$0.55$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.95$0.49$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.98$0.64$0.32