Civic Intelligence

Northern Homes Community Development Corporation

990 • Fiscal year 2023 • EIN 38-3395829

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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

0.57x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

1.85x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

44th percentile

1.7%

Higher net margin than 44% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$108,649

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

46th percentile

4.0%

Faster asset growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

86th percentile

54%

Faster revenue growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$5,333,546

Up $204,603 (+4.0%) from 2022

Net Assets

Up

$2,280,277

Up $27,717 (+1.2%) from 2022

Liabilities

Up

$3,053,269

Up $176,886 (+6.1%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin44th percentile

Revenue

Up

$1,647,392

Up $578,115 (+54%) from 2022

Expenses

Up

$1,619,675

Up $688,920 (+74%) from 2022

Net Income

Down

$27,717

Down $110,805 (-80%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2023

Assets$5,333,546
Liabilities$3,053,269
Net Assets$2,280,277
Open 2023 Filing

Operations Trend

Revenue Growth86th 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

2023

Revenue$1,647,392
Expenses$1,619,675
Net Income$27,717
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$1,919,732
Mission and Program Overview

Mission

Create housing for low income individuals in six county area.

To create and preserve quality affordable housing options for northern michigan residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,782,289$4,588,409▲ $806,120
Cash and Non-Interest-Bearing Accounts$924,423$395,771▼ $528,652
Accounts Receivable$23,979$103,234▲ $79,255
Pledges and Grants Receivable$11,617$9,106▼ $2,511
Prepaid Expenses and Deferred Charges$756$5,522▲ $4,766
Other Notes and Loans Receivable, Net$4,910$4,910→ $0
Total Assets$5,128,943$5,333,546▲ $204,603
Other Assets Total$380,969$226,594▼ $154,375
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,589,099$2,636,197▲ $47,098
Other Liabilities$216,839$323,125▲ $106,286
Accounts Payable and Accrued Expenses$66,306$90,848▲ $24,542
Deferred Revenue$4,139$3,099▼ $1,040
Total Liabilities$2,876,383$3,053,269▲ $176,886
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,808,985$1,915,485▲ $106,500
Net Assets Without Donor Restrictions$443,575$364,792▼ $78,783
Total Net Assets Fund Balance$2,252,560$2,280,277▲ $27,717
Total Liabilities and Net Assets / Fund Balance$5,128,943$5,333,546▲ $204,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,094,008$507,965$3,601,973
Leasehold Improvements$983,691$77,530$1,061,221
Land$469,715-$469,715
Equipment$40,995$56,447$97,442
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane MackenzieExecutive DirectorFT$83,625$25,024$108,649

Board Members and Trustees

NameTitle
David WhitePresident
Mel MatchettVice President
Denny KeiserDirector
Sean BaronDirector
Sue ClearyDirector
Tom JohnsonDirector
Shannon FenderSecretary
Bill LorneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$319,656
Program Service Revenue
$1,355,072
Investment Income
$-27,941
Other Revenue
$605
All Other Contributions
$168,060
Change in Net Assets
$27,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,098,397
Salaries, Compensation, and Employee Benefits$521,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$299,749$30,728-$330,477
Occupancy$148,002$10,775-$158,777
Current Officers, Directors, Trustees, and Key Employees$84,247$24,402-$108,649
Depreciation Depletion$94,348--$94,348
Fees for Services Other$45,488$7,311-$52,799
Insurance$38,717$9,670-$48,387
Other Employee Benefits$14,530$28,770-$43,300
Interest$29,085$12,122-$41,207
Fees for Services Management$28,305$4,550-$32,855
Payroll Taxes$10,054$19,907-$29,961
Fees for Services Accounting$25,328$4,071-$29,399
Travel$7,116$6,085-$13,201
Pension Plan Contributions$2,984$5,907-$8,891
Office Expenses$3,737$3,924-$7,661
Advertising$3,750$3,066-$6,816
Fees for Services Legal$1,699$273-$1,972
Conferences and Meetings$525$1,211-$1,736
Other Expenses$1,220$3,508-$1,220
Total Functional Expenses$1,443,395$176,280$0$1,619,675
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
Line of Credit$280,000
Security Deposits$23,054
Deferred Interest Payable$20,071
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, 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, Part VI, Section B, Line 11B

“The finance committee will review the form 990 before the tax return is filed.”

Form 990, Part VI, Section B, Line 12C

“Each board member reviews the conflict of interest policy annually and signs an agreement to disclose any conflicts.”

Form 990, Part VI, Section B, Line 15

“Compensation process for top official: annual performance review is performed for the executive director and any salary increases are voted on and authorized by the board of directors. Compensation process for officers: performance reviews are performed annually by the executive director and any salary increases are voted upon by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documents available to the public upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Jane Mackenzie
Title
Executive Director
Phone
2315826244
Signed
2024-11-14
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
Volunteers
12

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Amber Rathbun CPA
Phone
5173237500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“In the preparation of tax returns, tax positions are taken based on interpretation of federal, state, and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state, and local tax returns generally remain open for examination by various taxing authorities for a period of three to four years.”

Raw XML AppendixShowing 400 of 563 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/NoDonorRestrictionNetAssetsGrp/BOYAmt0443575
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0364792
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010775
IRS990/OccupancyGrp/ProgramServicesAmt0148002
IRS990/OccupancyGrp/TotalAmt0158777
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03924
IRS990/OfficeExpensesGrp/ProgramServicesAmt03737
IRS990/OfficeExpensesGrp/TotalAmt07661
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0380969
IRS990/OtherAssetsTotalGrp/EOYAmt0226594
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028770
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014530
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043300
IRS990/OtherExpensesGrp/Desc0REHABILITATION/CONSTRUC
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS, B
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03508
IRS990/OtherExpensesGrp/ProgramServicesAmt0600595
IRS990/OtherExpensesGrp/ProgramServicesAmt13916
IRS990/OtherExpensesGrp/ProgramServicesAmt21220
IRS990/OtherExpensesGrp/TotalAmt0600595
IRS990/OtherExpensesGrp/TotalAmt17424
IRS990/OtherExpensesGrp/TotalAmt21220
IRS990/OtherLiabilitiesGrp/BOYAmt0216839
IRS990/OtherLiabilitiesGrp/EOYAmt0323125
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0605
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0605
IRS990/OtherRevenueTotalAmt0605
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030728
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0299749
IRS990/OtherSalariesAndWagesGrp/TotalAmt0330477
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04910
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04910
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019907
IRS990/PayrollTaxesGrp/ProgramServicesAmt010054
IRS990/PayrollTaxesGrp/TotalAmt029961
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05907
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02984
IRS990/PensionPlanContributionsGrp/TotalAmt08891
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011617
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt09106
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0756
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05522
IRS990/PrincipalOfficerNm0JANE MACKENZIE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0230000
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2561700
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0CONSTRUCTION INCOME/OTHER
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2SITE MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3GROUND LEASE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0759284
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1368014
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2222704
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0759284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1368014
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2222704
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35070
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION MANAGES MULTI AND SINGLE FAMILY AFFORDABLE HOUSING PROJECTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0496844
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0222704
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION PROVIDES HOMEBUYER EDUCATION AND FINANCIAL COUNSELING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt066137
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0420358
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt046108
IRS990/PYOtherExpensesAmt0436176
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0602811
IRS990/PYRevenuesLessExpensesAmt0138522
IRS990/PYSalariesCompEmpBnftPaidAmt0494579
IRS990/PYTotalExpensesAmt0930755
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01069277
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt027717
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01103205
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 55,221. 2020 AMOUNT: $ 451,444. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 602,811. 2023 AMOUNT: $ 605.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0319656
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0420358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0897377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0443971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0665398
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02746760
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01827
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0321761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0264283
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0282627
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0303607
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01174105
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01355072
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0605
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0602811
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0451444
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt055221
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01110081
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54600
IRS990ScheduleA/PublicSupportPY170Pct00.48880
IRS990ScheduleA/PublicSupportTotal170Amt02746760
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0319656
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0420358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0897377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0443971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0665398
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02746760
IRS990ScheduleA/TotalSupportAmt05030946
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/BookValueAmt03094008
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0507965
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03601973
IRS990ScheduleD/EquipmentGrp/BookValueAmt040995
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056447
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097442
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0469715
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0469715
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0983691
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077530
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01061221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2280000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LINE OF CREDIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE, AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE, AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04588409
IRS990ScheduleD/TotalLiabilityAmt0323125
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 FINANCE COMMITTEE WILL REVIEW THE FORM 990 BEFORE THE TAX RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER REVIEWS THE CONFLICT OF INTEREST POLICY ANNUALLY AND SIGNS AN AGREEMENT TO DISCLOSE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION PROCESS FOR TOP OFFICIAL: ANNUAL PERFORMANCE REVIEW IS PERFORMED FOR THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED ON AND AUTHORIZED BY THE BOARD OF DIRECTORS. COMPENSATION PROCESS FOR OFFICERS: PERFORMANCE REVIEWS ARE PERFORMED ANNUALLY BY THE EXECUTIVE DIRECTOR AND ANY SALARY INCREASES ARE VOTED UPON BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,333,546
Liabilities
$3,053,269
Net assets
$2,280,277
Revenue
$1,647,392
Expenses
$1,619,675
Net income
$27,717
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
2023Detailed filing. Detailed filing data is available for this year.$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
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