Civic Intelligence

Mkm Affordable Inc

990 • Fiscal year 2019 • EIN 83-3996962

Feb 27, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Organization ProfileN/A
PO Box 251Dexter, MI 48130

(734) 426-2901

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

5726.49x

Higher debt load relative to revenue than 100% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$572,725

No earlier filing loaded for comparison.

Net Assets

$76

No earlier filing loaded for comparison.

Liabilities

$572,649

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin96th percentile

Revenue

$100

No earlier filing loaded for comparison.

Expenses

$24

No earlier filing loaded for comparison.

Net Income

$76

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $572,725Liabilities 2019: $572,649Net Assets 2019: $762019Assets 2020: $6,986,691Liabilities 2020: $6,986,615Net Assets 2020: $762020Assets 2021: $7,876,326Liabilities 2021: $0Net Assets 2021: $7,876,3262021Assets 2022: $7,876,326Liabilities 2022: $0Net Assets 2022: $7,876,3262022Assets 2023: $7,876,326Liabilities 2023: $0Net Assets 2023: $7,876,3262023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2019

Assets$572,725
Liabilities$572,649
Net Assets$76
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $100Expenses 2019: $24Net Income 2019: $762019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $7,876,250Expenses 2021: $0Net Income 2021: $7,876,2502021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $76Net Income 2024: -$762024

Highlighted filing

2019

Revenue$100
Expenses$24
Net Income$76
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Feb 27, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.0
Gross Receipts
$100
Mission and Program Overview

Mission

The purpose of the project is to provide permanent affordable rental housing for low-income families and individuals, as defined by the us department of housing and urban development with a household income at or below sixty percent of the area median income, which include at least ten percent of previously homeless households in transition from homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$76-
Total Assets$0$572,725▲ $572,725
Other Assets Total-$572,649-
Liabilities
Other Liabilities-$572,649-
Total Liabilities$0$572,649▲ $572,649
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$76-
Total Net Assets Fund Balance$0$76▲ $76
Total Liabilities and Net Assets / Fund Balance$0$572,725▲ $572,725

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$572,649--
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Neil AbercrombieBoard Member
Russell B GeyserBoard Presid
Jennifer TingleySecretary
Steve WillisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$76
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24
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
Fees for Services Other-$24-$24
Total Functional Expenses$0$24$0$24
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
Government Loan Payable$572,649
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
No
Other officer compensation reviewed
No
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

“Governing body will review and approve the 990 before filing.”

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

“Governing members sign a conflict of interest policy annually. If any conflicts were to arrise, that member would abstain from voting.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Mkm Affordable Inc
EIN
83-3996962
Phone
7344262901
Address
PO BOX 251, DEXTER, MI 48130

Signing Officer

Name
Russell B Geyser
Title
Board President
Phone
7344262901
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell B Geyser
Legal Domicile
Hi
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Jones & Company
Address
322 W GRAND RIVER, BRIGHTON, MI 48116
Preparer
Jonathan L Jones
Phone
8106325307
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The purpose of the project is to provide permanent affordable rental housing for low-income families and individuals, as defined by the us department of housing and urban development with a household income at or below sixty percent of the area median income, which include at least ten percent of previously homeless households in transition from homelessness.”

Form 990, Part IX, Line 11G

“BANK CHARGES 0 24 0”

Raw XML Appendix248 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/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0572649
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BODY WILL REVIEW AND APPROVE THE 990 BEFORE FILING.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-09
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ReturnHeader/Filer/EIN0833996962
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ReturnHeader/FilingSecurityInformation/IPTm012:33:28
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383321351
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0322 W GRAND RIVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRIGHTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048116
ReturnHeader/PreparerPersonGrp/PhoneNum08106325307
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN L JONES
ReturnHeader/ReturnTs02020-11-09T12:33:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-02-27
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$572,725
Liabilities
$572,649
Net assets
$76
Revenue
$100
Expenses
$24
Net income
$76
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$7.88$0.00$7.88$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$7.88$0.00$7.88$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$7.88$0.00$7.88$7.88$0.00$7.88
2020Detailed filing. Detailed filing data is available for this year.$6.99$6.99$0.00$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.57$0.00$0.00$0.00$0.00