Civic Intelligence

Northern Homes Community Development Corporation

990 • Fiscal year 2020 • EIN 38-3395829

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 02, 2021

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

82nd percentile

0.53x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

1.78x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$63,300

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

24th percentile

-2.1%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-3.7%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$3,044,401

Down $64,712 (-2.1%) from 2019

Net Assets

Down

$1,429,936

Down $188,529 (-12%) from 2019

Liabilities

Up

$1,614,465

Up $123,817 (+8.3%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin81st percentile

Revenue

Down

$905,904

Down $34,954 (-3.7%) from 2019

Expenses

Up

$633,739

Up $31,666 (+5.3%) from 2019

Net Income

Down

$272,165

Down $66,620 (-20%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th 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

2020

Assets$3,044,401
Liabilities$1,614,465
Net Assets$1,429,936
Open 2020 Filing

Operations Trend

Revenue Growth41st 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

2020

Revenue$905,904
Expenses$633,739
Net Income$272,165
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 2, 2021
Return Version
2020v4.0
Gross Receipts
$905,904
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$2,300,932$2,474,878▲ $173,946
Investments Other Securities$186,151--
Savings and Temporary Cash Investments$77,945--
Cash and Non-Interest-Bearing Accounts$7,208$68,659▲ $61,451
Accounts Receivable$22,729$59,500▲ $36,771
Pledges and Grants Receivable$72,062$34,984▼ $37,078
Other Notes and Loans Receivable, Net$82,200$19,900▼ $62,300
Prepaid Expenses and Deferred Charges$13,091$11,966▼ $1,125
Intangible Assets$8,679--
Total Assets$3,109,113$3,044,401▼ $64,712
Other Assets Total$338,116$374,514▲ $36,398
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,139,170$1,217,767▲ $78,597
Accounts Payable and Accrued Expenses$110,889$209,798▲ $98,909
Other Liabilities$238,266$183,969▼ $54,297
Deferred Revenue$2,323$2,931▲ $608
Total Liabilities$1,490,648$1,614,465▲ $123,817
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,614,769$799,935▼ $814,834
Net Assets Without Donor Restrictions$3,696$630,001▲ $626,305
Total Net Assets Fund Balance$1,618,465$1,429,936▼ $188,529
Total Liabilities and Net Assets / Fund Balance$3,109,113$3,044,401▼ $64,712

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,003,110$298,212$2,301,322
Land$424,714-$424,714
Equipment$47,054$51,362$98,416
Other Assets Org$394--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jane MackenzieExecutive DiFT$63,300$63,300

Board Members and Trustees

NameTitle
Rick AndersonPresident
Caroline KennedyDirector
Laurie JamisonDirector
Mel MatchettDirector
Tom JohnsonDirector
Sue ClearySecretary
Shannon FenderTreasurer
David WhiteVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$443,971
Program Service Revenue
$461,931
Investment Income
$2
Other Revenue
$0
All Other Contributions
$16,000
Change in Net Assets
$272,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$905,904
Revenue Not Reported on Form 990
$863
Total Revenue per Audited Statements
$906,767
Total Revenue per Form 990
$905,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$400,708
Salaries, Compensation, and Employee Benefits$233,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,249--$111,249
Occupancy$87,210$12,804-$100,014
Current Officers, Directors, Trustees, and Key Employees$39,528$23,772-$63,300
Depreciation Depletion$17,647$43,647-$61,294
Other Employee Benefits$42,097$2,300-$44,397
Interest$9,092$12,955-$22,047
Fees for Services Accounting-$21,396-$21,396
Payroll Taxes$14,085--$14,085
Other Expenses$11,431$9,579-$9,579
All Other Expenses$856$4,156-$5,012
Advertising$2,861$972-$3,833
Fees for Services Other$2,974$48-$3,022
Travel$1,895$1,056-$2,951
Conferences and Meetings$224$2,304-$2,528
Office Expenses-$643-$643
Fees for Services Legal-$220-$220
Total Functional Expenses$398,231$235,508$0$633,739

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$717,570
Expenses per Audited Statements$633,739
Total Expenses per Form 990$633,739
Expenses Not Reported on Form 990$83,831
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
Lines of Credit$95,006
Mshda Repayable Land Acquisition Gra$65,915
Security Deposits$16,582
Compensated Absences$6,466
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
2021-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Mackenzie
Formed
1998
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
6

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, Part XI, Line 9

“Imputed interes 863 loss on sale of assets -83,831 total -82,968”

Financial Statement Notes

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

“IMPUTED INTERES 863”

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

“Loss on sale of assets 83,831”

Raw XML AppendixShowing 400 of 467 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/OtherExpensesGrp/ProgramServicesAmt057082
IRS990/OtherExpensesGrp/ProgramServicesAmt111431
IRS990/OtherExpensesGrp/TotalAmt098694
IRS990/OtherExpensesGrp/TotalAmt157082
IRS990/OtherExpensesGrp/TotalAmt212393
IRS990/OtherExpensesGrp/TotalAmt39579
IRS990/OtherLiabilitiesGrp/BOYAmt0238266
IRS990/OtherLiabilitiesGrp/EOYAmt0183969
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0111249
IRS990/OtherSalariesAndWagesGrp/TotalAmt0111249
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt082200
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt019900
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt014085
IRS990/PayrollTaxesGrp/TotalAmt014085
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt072062
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt034984
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013091
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011966
IRS990/PrincipalOfficerNm0JANE MACKENZIE
IRS990/PriorPeriodAdjustmentsAmt0-377726
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2531310
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SITE MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN PROCESSING/OTHER
IRS990/ProgramServiceRevenueGrp/Desc3GROUND LEASE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0282627
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1162778
IRS990/ProgramServiceRevenueGrp/ExclusionAmt26039
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010487
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0282627
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1162778
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210487
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt36039
IRS990/ProgSrvcAccomActy2Grp/Desc0MANAGEMENT OF MULTI AND SINGLE FAMILY AFFORDABLE HOUSING PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0303058
IRS990/ProgSrvcAccomActy3Grp/Desc0HOMEBUYER EDUCATION AND FINANCIAL COUNSELING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt042012
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0665398
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-83913
IRS990/PYOtherExpensesAmt0347436
IRS990/PYProgramServiceRevenueAmt0359373
IRS990/PYRevenuesLessExpensesAmt0338785
IRS990/PYSalariesCompEmpBnftPaidAmt0254637
IRS990/PYTotalExpensesAmt0602073
IRS990/PYTotalRevenueAmt0940858
IRS990/ReconcilationRevenueExpnssAmt0272165
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt077945
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 427,537
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0443971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0665398
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0140867
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0142130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0607961
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02000327
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0282627
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0303607
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0255945
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0221638
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0211321
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01275138
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt028384
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0451444
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt055221
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0148420
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0109899
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0113997
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0878981
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.48150
IRS990ScheduleA/PublicSupportPY170Pct00.55560
IRS990ScheduleA/PublicSupportTotal170Amt02000327
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0443971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0665398
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0140867
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0142130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0607961
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02000327
IRS990ScheduleA/TotalSupportAmt04154446
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02003110
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0298212
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02301322
IRS990ScheduleD/EquipmentGrp/BookValueAmt047054
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051362
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098416
IRS990ScheduleD/ExpensesNotReportedAmt083831
IRS990ScheduleD/ExpensesSubtotalAmt0633739
IRS990ScheduleD/LandGrp/BookValueAmt0424714
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0424714
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0274114
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt172738
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt216582
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt38686
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt42000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5394
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESERVE FOR TAXES & INS.
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5RESERVE FOR CONSTRUCTION
IRS990ScheduleD/OtherExpensesIncludedAmt083831
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt095006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt165915
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216582
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt36466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINES OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MSHDA REPAYABLE LAND ACQUISITION GRA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3COMPENSATED ABSENCES
IRS990ScheduleD/OtherRevenueAmt0863
IRS990ScheduleD/RevenueNotReportedAmt0863
IRS990ScheduleD/RevenueSubtotalAmt0905904
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IMPUTED INTERES 863
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF ASSETS 83,831
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02474878
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0374514
IRS990ScheduleD/TotalExpensesPerForm990Amt0633739
IRS990ScheduleD/TotalLiabilityAmt0183969
IRS990ScheduleD/TotalRevenuePerForm990Amt0905904
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0906767
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0717570
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS A MANAGEMENT AGREEMENT WITH KMG PRESTIGE, INC. TO MANAGE THE COBBLE CREEK I APARTMENTS AS AN AGENT OF NORTHERN HOMES CDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND A COPY PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE DISCUSSED AT ANNUAL MEETING AND AS NEW CONTRACTS ARE APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL PERFORMANCE REVIEW IS PERFORMED FOR THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED ON AND AUTHORIZED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERFORMANCE REVIEWS ARE PERFORMED ANNUALLY BY THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED UPON BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IMPUTED INTERES 863 LOSS ON SALE OF ASSETS -83,831 TOTAL -82,968
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03109113
IRS990/TotalAssetsEOYAmt03044401
IRS990/TotalAssetsGrp/BOYAmt03109113
IRS990/TotalAssetsGrp/EOYAmt03044401
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,044,401
Liabilities
$1,614,465
Net assets
$1,429,936
Revenue
$905,904
Expenses
$633,739
Net income
$272,165
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
2020Detailed filing. Detailed filing data is available for this year.$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
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