Civic Intelligence

Spero Housing Group

990 • Fiscal year 2020 • EIN 47-5320389

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

46156 Woodward AvenuePontiac, MI 48342-5033

(248) 809-3773

Siviq Scores

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

Liabilities / Assets

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.80x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$158,563

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 56.7% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

85th percentile

60%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

98%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$634,797

Up $238,585 (+60%) from 2019

Net Assets

Up

$410,561

Up $278,585 (+211%) from 2019

Liabilities

Down

$224,236

Down $40,000 (-15%) from 2019

Revenue

Up

$279,410

Up $138,410 (+98%) from 2019

Expenses

Down

$825

Down $2,464 (-75%) from 2019

Net Income

Up

$278,585

Up $140,874 (+102%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2017: $46,392Liabilities 2017: $47,838Net Assets 2017: -$1,4462017Assets 2018: $109,068Liabilities 2018: $114,803Net Assets 2018: -$5,7352018Assets 2019: $396,212Liabilities 2019: $264,236Net Assets 2019: $131,9762019Assets 2020: $634,797Liabilities 2020: $224,236Net Assets 2020: $410,5612020Assets 2021: $758,953Liabilities 2021: $221,146Net Assets 2021: $537,8072021Assets 2022: $1,158,003Liabilities 2022: $16,316Net Assets 2022: $1,141,6872022Assets 2023: $1,867,826Liabilities 2023: $1,500Net Assets 2023: $1,866,3262023Assets 2024: $1,889,312Liabilities 2024: $1,500Net Assets 2024: $1,887,8122024Assets 2025: $8,898,268Liabilities 2025: $3,901,500Net Assets 2025: $4,996,7682025

Highlighted filing

2020

Assets$634,797
Liabilities$224,236
Net Assets$410,561

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $0Expenses 2017: $1,446Net Income 2017: -$1,4462017Revenue 2018: $0Expenses 2018: $4,289Net Income 2018: -$4,2892018Revenue 2019: $141,000Expenses 2019: $3,289Net Income 2019: $137,7112019Revenue 2020: $279,410Expenses 2020: $825Net Income 2020: $278,5852020Revenue 2021: $129,165Expenses 2021: $1,919Net Income 2021: $127,2462021Revenue 2022: $621,280Expenses 2022: $17,400Net Income 2022: $603,8802022Revenue 2023: $752,418Expenses 2023: $27,779Net Income 2023: $724,6392023Revenue 2024: $22,936Expenses 2024: $1,450Net Income 2024: $21,4862024Revenue 2025: $3,108,956Expenses 2025: $0Net Income 2025: $3,108,9562025

Highlighted filing

2020

Revenue$279,410
Expenses$825
Net Income$278,585
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$279,410
Mission and Program Overview

Mission

To support lighthouse mi in their mission to build equitable communities and alleviate poverty in partnership with and in service to individuals, families, and organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$50,000$324,410▲ $274,410
Cash and Non-Interest-Bearing Accounts$155,887$155,851▼ $36
Intangible Assets$8,810$8,021▼ $789
Total Assets$396,212$634,797▲ $238,585
Other Assets Total$181,515$146,515▼ $35,000
Liabilities
Other Liabilities$222,736$222,736→ $0
Unsecured Notes Loans Payable$40,000--
Accounts Payable and Accrued Expenses$1,500$1,500→ $0
Total Liabilities$264,236$224,236▼ $40,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$131,976$410,561▲ $278,585
Total Net Assets Fund Balance$131,976$410,561▲ $278,585
Total Liabilities and Net Assets / Fund Balance$396,212$634,797▲ $238,585

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
James LambrechtChairperson
Ryan HertzPresident & CEO
Richard LewnauVice Chair
Jackie BuchananSecretary
Jim CiroliTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$274,410
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$278,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$789--$789
Office Expenses-$36-$36
Total Functional Expenses$789$36$0$825
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
Due to Related Party - South Oakland Shelter$222,736
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

On july 1, 2019 south oakland shelter (sos) acquired lighthouse of oakland county, inc (loc). In connection with the transaction, sos changed its name to "lighthouse mi and loc changed its legal structure to become a non-stock membership not-for-profit, with sos (lighthouse mi) as the sole member. Lighthouse mi, (formerly known as sos) and its wholly owned subsidiaries loc and spero housing group (spero), collectively represents the consolidated organization.

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

The 990 is submitted to the finance committee and board for review prior to 990 filing.

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

The board assembles at least quarterly to review all financials, documents, policies and conflicts, if any.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Spero Housing Group
EIN
47-5320389
Phone
2488093773
Address
46156 WOODWARD AVENUE, PONTIAC, MI 48342-5033

Signing Officer

Name
Ryan Hertz
Title
President
Phone
2488093773
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Hertz
Formed
2015
Legal Domicile
Mi
Voting Board Members
27
Independent Board Members
26
Employees
0
Volunteers
0

Preparer

Firm
Cohen & Company Ltd
Address
OFFICES LISTED AT, WWWCOHENCPACOM, OH 44115
Preparer
Cathleen S Lorenz
Phone
8002291099
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is a michigan non-profit corporation exempt from federal income tax under section 501(c)(3) of the internal revenue code. The organization recognizes and discloses uncertain tax positions in accordance with gaap. As of and for the years ended june 30, 2020, the organization did not have a liability for unrecognized tax benefits.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ON JULY 1, 2019 SOUTH OAKLAND SHELTER (SOS) ACQUIRED LIGHTHOUSE OF OAKLAND COUNTY, INC (LOC). IN CONNECTION WITH THE TRANSACTION, SOS CHANGED ITS NAME TO "LIGHTHOUSE MI AND LOC CHANGED ITS LEGAL STRUCTURE TO BECOME A NON-STOCK MEMBERSHIP NOT-FOR-PROFIT, WITH SOS (LIGHTHOUSE MI) AS THE SOLE MEMBER. LIGHTHOUSE MI, (FORMERLY KNOWN AS SOS) AND ITS WHOLLY OWNED SUBSIDIARIES LOC AND SPERO HOUSING GROUP (SPERO), COLLECTIVELY REPRESENTS THE CONSOLIDATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS SUBMITTED TO THE FINANCE COMMITTEE AND BOARD FOR REVIEW PRIOR TO 990 FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD ASSEMBLES AT LEAST QUARTERLY TO REVIEW ALL FINANCIALS, DOCUMENTS, POLICIES AND CONFLICTS, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0382559415
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1382581429
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2383673745
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0PROVIDE LOW-INCOME HOUSING TO SENIORS.
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1PROVIDE LOW-INCOME HOUSING TO SENIORS.
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2PROVIDE HOUSING TO HOMELESS & PREGNANT TEENAGE GIRLS.
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0PINE CREST LDHA LIMITED PARTNERSHIP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1SKIDWAY LAKE LDHA LIMITED PARTNERSHIP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2WHITTEMORE STREET LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0PO BOX 157
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1PO BOX 157
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt246156 WOODWARD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0HILLMAN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1HILLMAN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm2PONTIAC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd2MI
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd049746
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd149746
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd248342
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0SOUTH OAKLAND SHELTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SOUTH OAKLAND SHELTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LIGHTHOUSE OF OAKLAND COUNTY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0382847849
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1382391381
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO END HOMELESSNESS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO END HOMELESSNESS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt046156 WOODWARD AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 430508
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PONTIAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1PONTIAC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048342
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd148343
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0396212
IRS990/TotalAssetsEOYAmt0634797
IRS990/TotalAssetsGrp/BOYAmt0396212
IRS990/TotalAssetsGrp/EOYAmt0634797
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0789
IRS990/TotalFunctionalExpensesGrp/TotalAmt0825
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0264236
IRS990/TotalLiabilitiesEOYAmt0224236
IRS990/TotalLiabilitiesGrp/BOYAmt0264236
IRS990/TotalLiabilitiesGrp/EOYAmt0224236
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0131976
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0410561
IRS990/TotalOtherCompensationAmt03138
IRS990/TotalProgramServiceExpensesAmt0789
IRS990/TotalProgramServiceRevenueAmt0274410
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0274410
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0279410
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0396212
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0634797
IRS990/TotReportableCompRltdOrgAmt0155425
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt040000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt046156 WOODWARD AVENUE
IRS990/USAddress/CityNm0PONTIAC
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048342

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