Civic Intelligence

Milwood Commons

990 • Fiscal year 2020 • EIN 47-1922127

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 01, 2021

2031 E Cork StKalamazoo, MI 49001

(269) 327-0445

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.07x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

50th percentile

5.0%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

89th percentile

108%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

-1.5%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$42,137

Up $21,914 (+108%) from 2019

Net Assets

Up

$39,332

Up $23,368 (+146%) from 2019

Liabilities

Down

$2,805

Down $1,454 (-34%) from 2019

Revenue

Down

$466,699

Down $7,307 (-1.5%) from 2019

Expenses

Down

$443,331

Down $25,843 (-5.5%) from 2019

Net Income

Up

$23,368

Up $18,536 (+384%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2015: $8,583Liabilities 2015: $7,417Net Assets 2015: $1,1662015Assets 2016: $32,275Liabilities 2016: $6,411Net Assets 2016: $25,8642016Assets 2017: $17,319Liabilities 2017: $5,953Net Assets 2017: $11,3662017Assets 2018: $15,051Liabilities 2018: $3,919Net Assets 2018: $11,1322018Assets 2019: $20,223Liabilities 2019: $4,259Net Assets 2019: $15,9642019Assets 2020: $42,137Liabilities 2020: $2,805Net Assets 2020: $39,3322020Assets 2021: $143,973Liabilities 2021: $3,172Net Assets 2021: $140,8012021Assets 2022: $596,988Liabilities 2022: $9,450Net Assets 2022: $587,5382022Assets 2023: $560,152Liabilities 2023: $168,975Net Assets 2023: $391,1772023Assets 2024: $370,847Liabilities 2024: $153,479Net Assets 2024: $217,3682024Assets 2025: $396,854Liabilities 2025: $164,790Net Assets 2025: $232,0642025

Highlighted filing

2020

Assets$42,137
Liabilities$2,805
Net Assets$39,332

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $197,266Expenses 2015: $196,100Net Income 2015: $1,1662015Revenue 2016: $324,345Expenses 2016: $299,647Net Income 2016: $24,6982016Revenue 2017: $467,397Expenses 2017: $481,895Net Income 2017: -$14,4982017Revenue 2018: $505,888Expenses 2018: $506,122Net Income 2018: -$2342018Revenue 2019: $474,006Expenses 2019: $469,174Net Income 2019: $4,8322019Revenue 2020: $466,699Expenses 2020: $443,331Net Income 2020: $23,3682020Revenue 2021: $655,520Expenses 2021: $554,051Net Income 2021: $101,4692021Revenue 2022: $1,098,441Expenses 2022: $651,704Net Income 2022: $446,7372022Revenue 2023: $849,736Expenses 2023: $1,046,097Net Income 2023: -$196,3612023Revenue 2024: $811,394Expenses 2024: $985,203Net Income 2024: -$173,8092024Revenue 2025: $1,120,614Expenses 2025: $1,105,916Net Income 2025: $14,6982025

Highlighted filing

2020

Revenue$466,699
Expenses$443,331
Net Income$23,368
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 1, 2021
Return Version
2019v5.0
Gross Receipts
$466,699
Mission and Program Overview

Mission

Milwood commons exists so that milwood will be a healthy, interconnected neighborhood with thriving residents, families, schools, and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$16,598$40,946▲ $24,348
Prepaid Expenses and Deferred Charges$1,929--
Land, Buildings, and Equipment, Net$1,696$1,016▼ $680
Other Notes and Loans Receivable, Net-$175-
Total Assets$20,223$42,137▲ $21,914
Liabilities
Accounts Payable and Accrued Expenses$4,259$2,805▼ $1,454
Total Liabilities$4,259$2,805▼ $1,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,964$39,332▲ $23,368
Total Net Assets Fund Balance$15,964$39,332▲ $23,368
Total Liabilities and Net Assets / Fund Balance$20,223$42,137▲ $21,914

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,016$1,104$2,120
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dan GregartPresident, T
Kevin EdlefsonDirector
Nicole TiongsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$30,698
Program Service Revenue
$435,002
Investment Income
$3
Other Revenue
$996
All Other Contributions
$20,698
Change in Net Assets
$23,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$387,774
Other Expenses$55,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$264,841--$264,841
Current Officers, Directors, Trustees, and Key Employees$93,045--$93,045
Payroll Taxes$29,888--$29,888
Fees for Services Accounting$6,207--$6,207
Insurance$3,287--$3,287
Office Expenses$2,822--$2,822
Occupancy$1,048--$1,048
Information Technology$914--$914
Depreciation Depletion$677--$677
Other Expenses$95--$95
Total Functional Expenses$443,331$0$0$443,331
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board reviews form 990 before filing

Form 990, Page 6, Part VI, Line 12C

Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: 1. Has received a copy of the conflict of interest policy, 2. Has read and understands the policy, 3. Has agreed to comply with the policy.

Form 990, Page 6, Part VI, Line 15A

Milwood commons is committed to offering fair and competitive compensation to its executive director/executive team , based on applicable regional and national salary and benefit information. 1. Executive director/executive team member total compensation consists of salary and benefits as outlined in the letters of agreement. 2. The board will annually review each executive director/executive team members total compensation and consider cost of living adjustments and merit increases relative to current financial conditions. 3. The board will maintain records of executive director/executive team compensation adjustments.

Form 990, Page 6, Part VI, Line 15B

Milwood commons is committed to offering fair and competitive compensation to its executive director/executive team , based on applicable regional and national salary and benefit information. 1. Executive director/executive team member total compensation consists of salary and benefits as outlined in the letters of agreement. 2. The board will annually review each executive director/executive team members total compensation and consider cost of living adjustments and merit increases relative to current financial conditions. 3. The board will maintain records of executive director/executive team compensation adjustments.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Milwood Commons
EIN
47-1922127
Phone
2693270445
Address
2031 E CORK ST, KALAMAZOO, MI 49001

Signing Officer

Name
Nicole Tiongson
Title
Secretary
Signed
2021-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Gregart
Formed
2014
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
36
Volunteers
5

Preparer

Firm
Flegal & Melnik
Address
350 GLADYS ST, PORTAGE, MI 49002-2955
Preparer
Daniel E Melnik
Phone
2693831900
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD REVIEWS FORM 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE POLICY, 3. HAS AGREED TO COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MILWOOD COMMONS IS COMMITTED TO OFFERING FAIR AND COMPETITIVE COMPENSATION TO ITS EXECUTIVE DIRECTOR/EXECUTIVE TEAM , BASED ON APPLICABLE REGIONAL AND NATIONAL SALARY AND BENEFIT INFORMATION. 1. EXECUTIVE DIRECTOR/EXECUTIVE TEAM MEMBER TOTAL COMPENSATION CONSISTS OF SALARY AND BENEFITS AS OUTLINED IN THE LETTERS OF AGREEMENT. 2. THE BOARD WILL ANNUALLY REVIEW EACH EXECUTIVE DIRECTOR/EXECUTIVE TEAM MEMBERS TOTAL COMPENSATION AND CONSIDER COST OF LIVING ADJUSTMENTS AND MERIT INCREASES RELATIVE TO CURRENT FINANCIAL CONDITIONS. 3. THE BOARD WILL MAINTAIN RECORDS OF EXECUTIVE DIRECTOR/EXECUTIVE TEAM COMPENSATION ADJUSTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MILWOOD COMMONS IS COMMITTED TO OFFERING FAIR AND COMPETITIVE COMPENSATION TO ITS EXECUTIVE DIRECTOR/EXECUTIVE TEAM , BASED ON APPLICABLE REGIONAL AND NATIONAL SALARY AND BENEFIT INFORMATION. 1. EXECUTIVE DIRECTOR/EXECUTIVE TEAM MEMBER TOTAL COMPENSATION CONSISTS OF SALARY AND BENEFITS AS OUTLINED IN THE LETTERS OF AGREEMENT. 2. THE BOARD WILL ANNUALLY REVIEW EACH EXECUTIVE DIRECTOR/EXECUTIVE TEAM MEMBERS TOTAL COMPENSATION AND CONSIDER COST OF LIVING ADJUSTMENTS AND MERIT INCREASES RELATIVE TO CURRENT FINANCIAL CONDITIONS. 3. THE BOARD WILL MAINTAIN RECORDS OF EXECUTIVE DIRECTOR/EXECUTIVE TEAM COMPENSATION ADJUSTMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalLiabilitiesGrp/BOYAmt04259
IRS990/TotalLiabilitiesGrp/EOYAmt02805
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015964
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt039332
IRS990/TotalProgramServiceExpensesAmt0443331
IRS990/TotalProgramServiceRevenueAmt0435002
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0436001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0466699
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020223
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042137
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07799 E YZ AVE
IRS990/USAddress/CityNm0SCHOOLCRAFT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049009
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MILWOODCOMMONS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICOLE TIONGSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILWOOD COMMONS
ReturnHeader/Filer/BusinessNameControlTxt0MILW
ReturnHeader/Filer/EIN0471922127
ReturnHeader/Filer/PhoneNum02693270445
ReturnHeader/Filer/USAddress/AddressLine1Txt02031 E CORK ST
ReturnHeader/Filer/USAddress/CityNm0KALAMAZOO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383363225
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FLEGAL & MELNIK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 GLADYS ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0490022955
ReturnHeader/PreparerPersonGrp/PhoneNum02693831900
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL E MELNIK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-02-01T15:00:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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