Civic Intelligence

MM Nonprofit Housing Corporation

EIN 46-0788470 • 501(c)3 • Boyne City, MI

Profile

Development and management of a 10 unit low-income housing project located in boyne city, mi.

PO Box 86Boyne City, MI 49712

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

37th percentile

0.02x

Higher debt load relative to assets than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.24x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-50%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$90,480

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 97.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

27th percentile

-3.7%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

2.3%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,185,162

Down $45,355 (-3.7%) from 2023

Liabilities

Up

$22,098

Up $644 (+3.0%) from 2023

Net Assets

Down

$1,163,064

Down $45,999 (-3.8%) from 2023

Revenue

Up

$92,802

Up $2,124 (+2.3%) from 2023

Expenses

Up

$138,801

Up $16,411 (+13%) from 2023

Net Income

Down

-$45,999

Down $14,287 (-45%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2014: $528,005Liabilities 2014: $34,409Net Assets 2014: $493,5962014Assets 2015: $1,578,026Liabilities 2015: $23,692Net Assets 2015: $1,554,3342015Assets 2016: $1,505,643Liabilities 2016: $23,521Net Assets 2016: $1,482,1222016Assets 2017: $1,442,601Liabilities 2017: $18,041Net Assets 2017: $1,424,5602017Assets 2018: $1,407,332Liabilities 2018: $18,100Net Assets 2018: $1,389,2322018Assets 2019: $1,366,667Liabilities 2019: $19,201Net Assets 2019: $1,347,4662019Assets 2020: $1,325,614Liabilities 2020: $19,960Net Assets 2020: $1,305,6542020Assets 2021: $1,295,562Liabilities 2021: $19,836Net Assets 2021: $1,275,7262021Assets 2022: $1,262,540Liabilities 2022: $21,765Net Assets 2022: $1,240,7752022Assets 2023: $1,230,517Liabilities 2023: $21,454Net Assets 2023: $1,209,0632023Assets 2024: $1,185,162Liabilities 2024: $22,098Net Assets 2024: $1,163,0642024

Highlighted filing

2024

Assets$1,185,162
Liabilities$22,098
Net Assets$1,163,064

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $1,619,600Expenses 2015: $65,266Net Income 2015: $1,554,3342015Revenue 2016: $77,683Expenses 2016: $149,895Net Income 2016: -$72,2122016Revenue 2017: $78,278Expenses 2017: $135,840Net Income 2017: -$57,5622017Revenue 2018: $78,995Expenses 2018: $114,323Net Income 2018: -$35,3282018Revenue 2019: $81,343Expenses 2019: $123,109Net Income 2019: -$41,7662019Revenue 2020: $86,156Expenses 2020: $127,968Net Income 2020: -$41,8122020Revenue 2021: $88,008Expenses 2021: $117,936Net Income 2021: -$29,9282021Revenue 2022: $92,046Expenses 2022: $126,997Net Income 2022: -$34,9512022Revenue 2023: $90,678Expenses 2023: $122,390Net Income 2023: -$31,7122023Revenue 2024: $92,802Expenses 2024: $138,801Net Income 2024: -$45,9992024

Highlighted filing

2024

Revenue$92,802
Expenses$138,801
Net Income-$45,999

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 28, 2025
Return Version
2024v5.0
Gross Receipts
$92,802
Mission and Program Overview

Mission

Development and management of a 10 unit low-income housing project located in east jordan, mi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,151,570$1,111,898▼ $39,672
Intangible Assets$3,565$3,016▼ $549
Prepaid Expenses and Deferred Charges$1,319$1,472▲ $153
Cash and Non-Interest-Bearing Accounts$5,584$1,243▼ $4,341
Accounts Receivable$314--
Total Assets$1,230,517$1,185,162▼ $45,355
Other Assets Total$68,165$67,533▼ $632
Liabilities
Accounts Payable and Accrued Expenses$12,624$13,236▲ $612
Other Liabilities$8,450$8,454▲ $4
Deferred Revenue$380$408▲ $28
Total Liabilities$21,454$22,098▲ $644
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,574,780$1,574,780→ $0
Net Assets Without Donor Restrictions$-365,717$-411,716▼ $45,999
Total Net Assets Fund Balance$1,209,063$1,163,064▼ $45,999
Total Liabilities and Net Assets / Fund Balance$1,230,517$1,185,162▼ $45,355

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,010,745$451,865$1,462,610
Land$101,153-$101,153
Other Assets Org$244--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jane MackenziePresident$90,480$90,480

Board Members and Trustees

NameTitle
David WhiteVice President
Mel MatchettDirector
Randy FrykbergDirector
Shannon FenderDirector
Tom JohnsonSecretary
Brian OlszewskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$92,753
Investment Income
$49
Other Revenue
$0
Change in Net Assets
$-45,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$92,802
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$92,802
Total Revenue per Form 990
$92,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,547
Salaries, Compensation, and Employee Benefits$24,254
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$40,221--$40,221
Other Salaries and Wages-$23,714-$23,714
Fees for Services Accounting-$7,900-$7,900
Office Expenses-$7,068-$7,068
Fees for Services Management-$6,000-$6,000
Insurance$5,416--$5,416
Fees for Services Other-$850-$850
Payroll Taxes$540--$540
Fees for Services Legal-$20-$20
Other Expenses$4--$4
Total Functional Expenses$93,249$45,552$0$138,801

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$138,801
Total Expenses per Audited Statements$138,801
Total Expenses per Form 990$138,801
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Nhcdc Loan$4,862
Security Deposits$3,592
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the president, then presented to the board.

Form 990, Part VI, Section C, Line 19

All items are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mm Nonprofit Housing Corporation
EIN
46-0788470
Phone
2315826244
Address
PO BOX 86, BOYNE CITY, MI 49712

Signing Officer

Name
Jane S Mackenzie
Title
President
Phone
2315826244
Signed
2025-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane S Mackenzie
Formed
2014
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Brandy L Mikula 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.

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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt0449483
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt092753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt090630
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt092002
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt087980
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt086118
IRS990ScheduleA/Total509Grp/TotalAmt0449483
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt092802
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt090678
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt092046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt088008
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt086156
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0449690
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01010745
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0451865
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01462610
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0138801
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0101153
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0101153
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03592
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110551
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt219750
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt333396
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4244
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1WORKING CAPITAL RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MINIMUM CAPITAL INVESTMENT DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03592
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14862
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NHCDC LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt092802
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/TotalBookValueLandBuildingsAmt01111898
IRS990ScheduleD/TotalBookValueOtherAssetsAmt067533
IRS990ScheduleD/TotalExpensesPerForm990Amt0138801
IRS990ScheduleD/TotalLiabilityAmt08454
IRS990ScheduleD/TotalRevenuePerForm990Amt092802
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt092802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0138801
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT, THEN PRESENTED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL ITEMS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0383395829
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0510(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CREATE HOUSING FOR LOW INCOME INDIVIDUALS IN SIX COUNTY AREA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01048 E MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOYNE CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd049712
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01230517
IRS990/TotalAssetsEOYAmt01185162
IRS990/TotalAssetsGrp/BOYAmt01230517
IRS990/TotalAssetsGrp/EOYAmt01185162
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045552
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt093249
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138801
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021454
IRS990/TotalLiabilitiesEOYAmt022098
IRS990/TotalLiabilitiesGrp/BOYAmt021454
IRS990/TotalLiabilitiesGrp/EOYAmt022098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01209063
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01163064
IRS990/TotalOtherCompensationAmt04309
IRS990/TotalProgramServiceExpensesAmt093249
IRS990/TotalProgramServiceRevenueAmt092753
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt049
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt092753
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt092802
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01230517
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01185162
IRS990/TotReportableCompRltdOrgAmt086171
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

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