Liabilities / Assets
100th percentile
Higher debt load relative to assets than 100% of similar nonprofits.
Libertas Foundation
EIN 47-1168769 • 501(c)3 • Kalamazoo, MI
Profile
To assist in providing financial sustainability to support service organizations and program development for permanent supportive housing (psh) affordable housing communities. To serve the needs of the poor and under-privileged residents of psh communities.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
3282.84x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
30th percentile
Faster revenue growth than 30% of similar nonprofits.
Balance Sheet
Assets
Down$25
Down $594 (-96%) from 2023
Liabilities
Up$82,071
Up $48,876 (+147%) from 2023
Net Assets
Down-$82,046
Down $49,470 (-152%) from 2023
Revenue
Up$36,116
Up $16,972 (+89%) from 2023
Expenses
Down$79,861
Down $25,052 (-24%) from 2023
Net Income
Up-$43,745
Up $42,024 (+49%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $25
- Liabilities
- $82,071
- Net assets
- -$82,046
- Revenue
- $36,116
- Expenses
- $79,861
- Net income
- -$43,745
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 23, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $36,116
Mission and Program Overview
Mission
To assist in providing financial sustainability to support service organizations and program development for permanent supportive housing (psh) affordable housing communities. To serve the needs of the poor and under-privileged residents of psh communities.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO SERVE THE NEEDS OF THE POOR AND UNDER-PRIVILEGED RESIDENTS OF PSH COMMUNITIES. | - | $25,000 |
| TO SERVE THE NEEDS OF THE POOR AND UNDER-PRIVILEGED RESIDENTS OF PSH COMMUNITIES. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TONY OGDEN | President | - | $0 | - | - |
| MATTHEW RZEPKA | Treasurer | - | $0 | - | - |
| MARVIN VELTKAMP | Secretary | - | $0 | - | - |
| RAYMOND NEATFELD | Director | - | $0 | - | - |
| TIM WATSON | Director | - | $0 | - | - |
| MARK WESTER | Director | - | $0 | - | - |
| TIMOTHY HUNNICUT | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Libertas Foundation
- EIN
- 47-1168769
- Address
- 2213 HUNTERS POND, KALAMAZOO, MI 49048
Signing Officer
- Name
- Marvin Veltkamp
- Title
- Secretary
- Phone
- 2693810350
- Signed
- 2025-05-23
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Valley Oak
- Address
- 6011 STADIUM DRIVE, KALAMAZOO, MI 49009-2007
- Preparer
- Matthew L Rzepka
- Phone
- 2694927220
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses insurance 994 park meadows loss 6 walnut acres 1 loss 10,681 walnut acres 2 loss 43,115 total 54,796”
Form 990-ez, Part I, Line 20
“Opening balance equity -5,725”
Form 990-ez, Part II, Line 26
“INVESTMENT 33,195 82,071”
Form 990-ez, Part III
“To assist in providing financial sustainability to support service organizations and program development for permanent supportive housing (psh) affordable housing communities. To serve the needs of the poor and under-privileged residents of psh communities.”
Form 990-ez, Part III, Line 31
“To serve the needs of the poor and under-privileged residents of psh communities.”
Raw XML Appendix165 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | VALLEY OAK FINANCIAL |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2694927220 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 6011 STADIUM DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | KALAMAZOO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49009 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 619 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 25 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 25465 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -43745 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 25065 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 619 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 25 |
| IRS990EZ/GrossReceiptsAmt | 0 | 36116 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 10651 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -32576 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -82046 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -32576 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -82046 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TONY OGDEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MATTHEW RZEPKA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MARVIN VELTKAMP |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RAYMOND NEATFELD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TIM WATSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MARK WESTER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | TIMOTHY HUNNICUT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -5725 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 54796 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO ASSIST IN PROVIDING FINANCIAL SUSTAINABILITY TO SUPPORT SERVICE ORGANIZATIONS AND PROGRAM DEVELOPMENT FOR PERMANENT SUPPORTIVE HOUSING (PSH) AFFORDABLE HOUSING COMMUNITIES. TO SERVE THE NEEDS OF THE POOR AND UNDER-PRIVILEGED RESIDENTS OF PSH COMMUNITIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO SERVE THE NEEDS OF THE POOR AND UNDER-PRIVILEGED RESIDENTS OF PSH COMMUNITIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | TO SERVE THE NEEDS OF THE POOR AND UNDER-PRIVILEGED RESIDENTS OF PSH COMMUNITIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 25000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 33195 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 82071 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 79861 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 25000 |
| IRS990EZ/TotalRevenueAmt | 0 | 36116 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 25465 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 15665 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 118805 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 77802 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 292108 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 529845 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 4926 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 3479 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 243 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 250 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 15571 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 24469 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 554314 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 30391 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 19144 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 119048 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 78052 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 307679 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 554314 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 30391 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 19144 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 119048 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 78052 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 307679 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 554314 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES INSURANCE 994 PARK MEADOWS LOSS 6 WALNUT ACRES 1 LOSS 10,681 WALNUT ACRES 2 LOSS 43,115 TOTAL 54,796 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | OPENING BALANCE EQUITY -5,725 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | INVESTMENT 33,195 82,071 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO ASSIST IN PROVIDING FINANCIAL SUSTAINABILITY TO SUPPORT SERVICE ORGANIZATIONS AND PROGRAM DEVELOPMENT FOR PERMANENT SUPPORTIVE HOUSING (PSH) AFFORDABLE HOUSING COMMUNITIES. TO SERVE THE NEEDS OF THE POOR AND UNDER-PRIVILEGED RESIDENTS OF PSH COMMUNITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO SERVE THE NEEDS OF THE POOR AND UNDER-PRIVILEGED RESIDENTS OF PSH COMMUNITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARVIN VELTKAMP |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2693810350 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-23 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LIBERTAS FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LIBE |
| ReturnHeader/Filer/EIN | 0 | 471168769 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2213 HUNTERS POND |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KALAMAZOO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 49048 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 205030243 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | VALLEY OAK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6011 STADIUM DRIVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | KALAMAZOO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 490092007 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2694927220 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MATTHEW L RZEPKA |
| ReturnHeader/ReturnTs | 0 | 2025-05-23T15:22:22-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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