Civic Intelligence

Northern Homes Community Development Corporation

990 • Fiscal year 2015 • EIN 38-3395829

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 22, 2016

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

81st percentile

0.57x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

1.22x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

89th percentile

39%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$82,662

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

82nd percentile

21%

Faster asset growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

38%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,952,797

Up $345,226 (+21%) from 2014

Net Assets

Up

$849,404

Up $335,726 (+65%) from 2014

Liabilities

Up

$1,103,393

Up $9,500 (+0.9%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin89th percentile

Revenue

Up

$904,459

Up $247,247 (+38%) from 2014

Expenses

Down

$548,733

Down $36,519 (-6.2%) from 2014

Net Income

Up

$355,726

Up $283,766 (+394%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2015

Assets$1,952,797
Liabilities$1,103,393
Net Assets$849,404
Open 2015 Filing

Operations Trend

Revenue Growth85th 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

2015

Revenue$904,459
Expenses$548,733
Net Income$355,726
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 22, 2016
Return Version
2015v2.1
Gross Receipts
$904,459
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$1,037,505$1,020,670▼ $16,835
Other Notes and Loans Receivable, Net$152,647$125,514▼ $27,133
Accounts Receivable$97,079$124,727▲ $27,648
Cash and Non-Interest-Bearing Accounts$198,440$91,844▼ $106,596
Prepaid Expenses and Deferred Charges$10,154$11,066▲ $912
Intangible Assets$9,919$9,527▼ $392
Total Assets$1,607,571$1,952,797▲ $345,226
Other Assets Total$101,827$569,449▲ $467,622
Liabilities
Mortgage Notes Payable Secured by Investment Property$759,729$753,400▼ $6,329
Other Liabilities$165,009$175,842▲ $10,833
Accounts Payable and Accrued Expenses$37,054$128,457▲ $91,403
Deferred Revenue$132,101$45,694▼ $86,407
Total Liabilities$1,093,893$1,103,393▲ $9,500
Net Assets / Fund Balance
Unrestricted Net Assets$513,678$578,919▲ $65,241
Temporarily Rstr Net Assets-$270,485-
Total Net Assets Fund Balance$513,678$849,404▲ $335,726
Total Liabilities and Net Assets / Fund Balance$1,607,571$1,952,797▲ $345,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$597,370$104,612$701,982
Land$416,149-$416,149
Equipment$7,151$30,796$37,947
Other Assets Org$4,079--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane MackenzieExecutive DiFT$60,000$22,662$82,662

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
$598,660
Program Service Revenue
$302,789
Investment Income
$3,010
Other Revenue
$0
All Other Contributions
$46,855
Change in Net Assets
$355,726

Audited Revenue Reconciliation

Revenue per Audited Statements
$904,459
Total Revenue per Audited Statements
$904,459
Total Revenue per Form 990
$904,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,822
Salaries, Compensation, and Employee Benefits$222,911
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$84,035$16,153-$100,188
Occupancy$56,795$11,056-$67,851
Current Officers, Directors, Trustees, and Key Employees$42,450$17,550-$60,000
Other Employee Benefits$39,697$10,578-$50,275
Interest$38,202--$38,202
All Other Expenses$24,149$6,193-$30,342
Depreciation Depletion$24,427--$24,427
Travel$11,227$5,133-$16,360
Payroll Taxes$9,829$2,619-$12,448
Fees for Services Accounting$1,075$10,138-$11,213
Other Expenses$7,355$5,581-$7,355
Fees for Services Other$6,485$129-$6,614
Conferences and Meetings$2,469$1,053-$3,522
Office Expenses$605$751-$1,356
Advertising$1,298--$1,298
Total Functional Expenses$460,840$87,893$0$548,733

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$548,733
Expenses per Audited Statements$548,341
Total Expenses per Audited Statements$548,341
Expenses Not Reported on Financial Statements$392
Other Expense Adjustments$392
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$143,215
Lines of Credit$15,934
Cobble Creek Security Deposits$11,576
Compensated Absences$5,117
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
2016-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Mackenzie
Formed
1998
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
5

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

“Book / tax depreciation difference 392 total 392”

Financial Statement Notes

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

“Book / tax depreciation difference 392”

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0101827
IRS990/OtherAssetsTotalGrp/EOYAmt0569449
IRS990/OtherChangesInNetAssetsAmt0392
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010578
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039697
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050275
IRS990/OtherExpensesGrp/Desc0OTHER ADMIN
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINT.
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0959
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15581
IRS990/OtherExpensesGrp/ProgramServicesAmt057557
IRS990/OtherExpensesGrp/ProgramServicesAmt146604
IRS990/OtherExpensesGrp/ProgramServicesAmt26581
IRS990/OtherExpensesGrp/ProgramServicesAmt37355
IRS990/OtherExpensesGrp/TotalAmt057557
IRS990/OtherExpensesGrp/TotalAmt147563
IRS990/OtherExpensesGrp/TotalAmt212162
IRS990/OtherExpensesGrp/TotalAmt37355
IRS990/OtherLiabilitiesGrp/BOYAmt0165009
IRS990/OtherLiabilitiesGrp/EOYAmt0175842
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016153
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt084035
IRS990/OtherSalariesAndWagesGrp/TotalAmt0100188
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0152647
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0125514
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02619
IRS990/PayrollTaxesGrp/ProgramServicesAmt09829
IRS990/PayrollTaxesGrp/TotalAmt012448
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010154
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011066
IRS990/PrincipalOfficerNm0JANE MACKENZIE
IRS990/PriorPeriodAdjustmentsAmt0-20392
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0COBBLE CREEK RENTS
IRS990/ProgramServiceRevenueGrp/Desc1SITE MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2CONSULTING
IRS990/ProgramServiceRevenueGrp/Desc3GROUND LEASE INCOME
IRS990/ProgramServiceRevenueGrp/Desc4COUNSELING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0198855
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt234946
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42038
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0198855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt234946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42038
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/ExpenseAmt0221270
IRS990/ProgSrvcAccomActy3Grp/Desc0ADMINISTRATION OF APARTMENT MANAGEMENT FOR BELLAIRE SENIOR AND MAPLE VILLAGE APARTMENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt053521
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HOUSING REHABILITATION PROJECT GRANTS THROUGH MSHDA AND OTHER PROJECTS (GROUND LEASE, BRIDGE STREET, EAST JORDAN SENIOR PROJECT).
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt090482
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0333633
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05363
IRS990/PYOtherExpensesAmt0412593
IRS990/PYProgramServiceRevenueAmt0318216
IRS990/PYRevenuesLessExpensesAmt071960
IRS990/PYSalariesCompEmpBnftPaidAmt0172659
IRS990/PYTotalExpensesAmt0585252
IRS990/PYTotalRevenueAmt0657212
IRS990/ReconcilationRevenueExpnssAmt0355726
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 1,556,631
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0598660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0333633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0152129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0292938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0295481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01672841
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05363
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0153
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08700
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0305799
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0302789
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0318216
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0306641
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0306816
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0322169
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01556631
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51660
IRS990ScheduleA/PublicSupportPY170Pct00.52000
IRS990ScheduleA/PublicSupportTotal170Amt01672841
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0598660
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0333633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0152129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0292938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0295481
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01672841
IRS990ScheduleA/TotalSupportAmt03238172
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0597370
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0104612
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0701982
IRS990ScheduleD/EquipmentGrp/BookValueAmt07151
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030796
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037947
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0392
IRS990ScheduleD/ExpensesSubtotalAmt0548341
IRS990ScheduleD/LandGrp/BookValueAmt0416149
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0416149
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0537391
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116403
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt211576
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34079
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CIP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESERVE FOR TAXES & INS.
IRS990ScheduleD/OtherExpensesNotIncludedAmt0392
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0143215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211576
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MSHDA REPAYABLE LAND ACQUISITION GRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINES OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COBBLE CREEK SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3COMPENSATED ABSENCES
IRS990ScheduleD/RevenueSubtotalAmt0904459
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 392
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01020670
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0569449
IRS990ScheduleD/TotalExpensesPerForm990Amt0548733
IRS990ScheduleD/TotalLiabilityAmt0175842
IRS990ScheduleD/TotalRevenuePerForm990Amt0904459
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0904459
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0548341
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/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE 392 TOTAL 392
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,952,797
Liabilities
$1,103,393
Net assets
$849,404
Revenue
$904,459
Expenses
$548,733
Net income
$355,726
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
2015Detailed filing. Detailed filing data is available for this year.$1.95$1.10$0.85$0.90$0.55$0.36
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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