Civic Intelligence

Harbor Inn

990 • Fiscal year 2020 • EIN 84-2483072

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 26, 2021

26200 Lahser Rd Room 300Southfield, MI 48033

(248) 281-2020

Siviq Scores

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

Liabilities / Assets

91st percentile

0.94x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

99th percentile

374%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Up

$10,161,236

Up $8,015,302 (+374%) from 2019

Net Assets

Down

$629,401

Down $185,749 (-23%) from 2019

Liabilities

Up

$9,531,835

Up $8,201,051 (+616%) from 2019

Revenue

Flat

$0

Flat from 2019

Expenses

Up

$10,093

Up $10,093 from 2019

Net Income

Down

-$10,093

Down $10,093 from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2019: $2,145,934Liabilities 2019: $1,330,784Net Assets 2019: $815,1502019Assets 2020: $10,161,236Liabilities 2020: $9,531,835Net Assets 2020: $629,4012020Assets 2021: $23,317,130Liabilities 2021: $22,242,339Net Assets 2021: $1,074,7912021Assets 2022: $28,304,078Liabilities 2022: $27,416,755Net Assets 2022: $887,3232022Assets 2023: $27,044,195Liabilities 2023: $27,736,519Net Assets 2023: -$692,3242023Assets 2024: $25,928,118Liabilities 2024: $27,130,461Net Assets 2024: -$1,202,3432024

Highlighted filing

2020

Assets$10,161,236
Liabilities$9,531,835
Net Assets$629,401

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $0Expenses 2020: $10,093Net Income 2020: -$10,0932020Revenue 2021: $253,423Expenses 2021: $434,897Net Income 2021: -$181,4742021Revenue 2022: $953,596Expenses 2022: $2,398,472Net Income 2022: -$1,444,8762022Revenue 2023: $2,176,925Expenses 2023: $3,756,572Net Income 2023: -$1,579,6472023Revenue 2024: $2,947,176Expenses 2024: $3,457,195Net Income 2024: -$510,0192024

Highlighted filing

2020

Revenue$0
Expenses$10,093
Net Income-$10,093
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 26, 2021
Return Version
2020v4.1
Gross Receipts
$0
Mission and Program Overview

Mission

Construction of housing for senior adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,145,934$7,333,627▲ $5,187,693
Prepaid Expenses and Deferred Charges-$624,471-
Total Assets$2,145,934$10,161,236▲ $8,015,302
Other Assets Total-$2,203,138-
Liabilities
Other Liabilities-$7,797,155-
Accounts Payable and Accrued Expenses$625,901$1,734,680▲ $1,108,779
Unsecured Notes Loans Payable$454,883--
Mortgage Notes Payable Secured by Investment Property$250,000--
Total Liabilities$1,330,784$9,531,835▲ $8,201,051
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$815,150$629,401▼ $185,749
Total Net Assets Fund Balance$815,150$629,401▼ $185,749
Total Liabilities and Net Assets / Fund Balance$2,145,934$10,161,236▲ $8,015,302

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,433,627-$1,245,934
Land$900,000-$900,000
Other Assets Org$3,609--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-10,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,093
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
Advertising$6,835--$6,835
Depreciation Depletion$3,258--$3,258
Total Functional Expenses$10,093$0$0$10,093

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$245,354
Total Expenses per Form 990$245,354
Total Expenses per Audited Statements$10,095
Expenses Not Reported on Form 990$-235,259
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
Provision for interest swap agreement$7,561,896
Federal income taxes$235,259
Loans due to PVM-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The Organization contracts with Presbyterian Villages of Michigan for management services

Form 990, Part VI, Section A, Line 7A

Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board.

Form 990, Part VI, Section B, Line 11

A copy of the completed form was presented to the board at a meeting prior to filing

Form 990, Part VI, Section B, Line 12

Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. This Organization does not have its own conflict of interest policy, but uses the conflict of interest policy of Presbyterian Villages of Michigan.

Form 990, Part VI, Section B, Line 13

The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company

Form 990, Part VI, Section B, Line 14

The Organization does not have a written document retention policy approved by its board of directors it relies on the policy adopted by Presbyterian Villages of Michigan, its management agent

Form 990, Part VI, Section B, Line 15B

A biannual salary study is conducted by an independent compensation analyst who reports to the PVM Sr VP of HR and to the PVM Human Resources committee of the board. Wage rates are studied for all employee positions.

Form 990, Part VI, Section C, Line 19

The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items are available upon request. Annual audits and Form 990 are available at www.PVM.org

Filing and Contact Details

Filer

Filer Name
Harbor Inn
EIN
84-2483072
In Care Of
% Brian Carnaghi
Phone
2482812020
Address
26200 Lahser Rd Room 300, Southfield, MI 48033
Doing Business As
Harbor Inn

Signing Officer

Name
Brian Carnaghi
Title
PVM Sr VP Finance
Phone
2482812020
Signed
2021-03-26
Discuss with paid preparer
No

Organization Details

Principal Officer
Brian Carnaghi
Formed
2018
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2B

The Organizations financials are audited as part of the Presbyterian Villages of Michigan Obligated Group and published in that document. A seperate audit is not published for this Organization.

Form 990, Part X, Line 20

A tax exempt bond issue was completed in 2020 in order to refinance certain commercial loans and to provide new money for a variety of capital projects within the Obligated Group, including the construction of Harbor Inn. The entire bond issue was done in the name of Presbyterian Villages of Michigan for the benefit of the Obligated Group. Funds were loaned to these entities and are reported as unsecured debt on their Form 990.

Form 990, Part XI, Line 9

Other changes in fund balance includes 59,603 equity transfer from Presbyterian Villages of Michigan.

Financial Statement Notes

X 1

The Obligated Group members are not-for-profit corporations and are exempt from tax under the provisions of Internal Revenue Code Section 501c3. Accordingly, no tax provision is recorded in the spcial purpose combined financial statements.

Raw XML AppendixShowing 400 of 498 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0625901
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01734680
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Construction of housing for senior adults
IRS990/AdvertisingGrp/ProgramServicesAmt06835
IRS990/AdvertisingGrp/TotalAmt06835
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Presbyterian Villages of Michigan
IRS990/BooksInCareOfDetail/PhoneNum02482812020
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt026200 Lahser Rd Suite 300
IRS990/BooksInCareOfDetail/USAddress/CityNm0Southfield
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048033
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt010093
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-10093
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt010093
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt00
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03258
IRS990/DepreciationDepletionGrp/TotalAmt03258
IRS990/Desc0Construction of housing for senior adults
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0Harbor Inn
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt010093
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt16001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0Andrew Adair
IRS990/Form990PartVIISectionAGrp/PersonNm1Kathryn Bartz
IRS990/Form990PartVIISectionAGrp/PersonNm2John Begin
IRS990/Form990PartVIISectionAGrp/PersonNm3Melinda Conway Callahan
IRS990/Form990PartVIISectionAGrp/PersonNm4Debra Denler
IRS990/Form990PartVIISectionAGrp/PersonNm5Gary Gendernalik
IRS990/Form990PartVIISectionAGrp/PersonNm6Frank Gitre
IRS990/Form990PartVIISectionAGrp/PersonNm7Briana Jacob
IRS990/Form990PartVIISectionAGrp/PersonNm8Ricardo Lara Jr
IRS990/Form990PartVIISectionAGrp/PersonNm9Aaron Lundgaard
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Passmore
IRS990/Form990PartVIISectionAGrp/PersonNm11Jeffrey Pike
IRS990/Form990PartVIISectionAGrp/PersonNm12Patricia Pike
IRS990/Form990PartVIISectionAGrp/PersonNm13Farrah Randayal
IRS990/Form990PartVIISectionAGrp/PersonNm14Elaine Walton
IRS990/Form990PartVIISectionAGrp/PersonNm15Robert Blondell
IRS990/Form990PartVIISectionAGrp/PersonNm16Karen Harris
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02145934
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07333627
IRS990/LandBldgEquipCostOrOtherBssAmt07333627
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Construction of housing for senior adults
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0250000
IRS990/NetAssetsOrFundBalancesBOYAmt0815150
IRS990/NetAssetsOrFundBalancesEOYAmt0629401
IRS990/NetUnrlzdGainsLossesInvstAmt0-235259
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0815150
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0629401
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt02203138
IRS990/OtherChangesInNetAssetsAmt059603
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt07797155
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0624471
IRS990/PrincipalOfficerNm0Brian Carnaghi
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-10093
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/Total509Grp/TotalAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0-235259
IRS990ScheduleD/ExpensesSubtotalAmt0245354
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0900000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0900000
IRS990ScheduleD/LossesReportedAmt0-235259
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01251416
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1419979
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2528134
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33609
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Project Fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Debt Service Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Interest Fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Bond payment fund
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06433627
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01245934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0235259
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17561896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Provision for interest swap agreement
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Loans due to PVM
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Obligated Group members are not-for-profit corporations and are exempt from tax under the provisions of Internal Revenue Code Section 501c3. Accordingly, no tax provision is recorded in the spcial purpose combined financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 1
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07333627
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02203138
IRS990ScheduleD/TotalExpensesPerForm990Amt0245354
IRS990ScheduleD/TotalLiabilityAmt07797155
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010095
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization contracts with Presbyterian Villages of Michigan for management services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the completed form was presented to the board at a meeting prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. This Organization does not have its own conflict of interest policy, but uses the conflict of interest policy of Presbyterian Villages of Michigan.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization does not have a written document retention policy approved by its board of directors it relies on the policy adopted by Presbyterian Villages of Michigan, its management agent
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A biannual salary study is conducted by an independent compensation analyst who reports to the PVM Sr VP of HR and to the PVM Human Resources committee of the board. Wage rates are studied for all employee positions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items are available upon request. Annual audits and Form 990 are available at www.PVM.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Organizations financials are audited as part of the Presbyterian Villages of Michigan Obligated Group and published in that document. A seperate audit is not published for this Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9A tax exempt bond issue was completed in 2020 in order to refinance certain commercial loans and to provide new money for a variety of capital projects within the Obligated Group, including the construction of Harbor Inn. The entire bond issue was done in the name of Presbyterian Villages of Michigan for the benefit of the Obligated Group. Funds were loaned to these entities and are reported as unsecured debt on their Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other changes in fund balance includes 59,603 equity transfer from Presbyterian Villages of Michigan.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part X, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Presbyterian Villages of Michigan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1Presbyterian VIllages of Michigan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Presbyterian Villages of Michigan
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Presbyterian Village East
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Presbyterian Villages of Michigan Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0381387145
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1383098399
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2202559884
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt03
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt13
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0property management
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1retirement community
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt026200 Lahser Rd Suite 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt133875 Kiely Dr
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt226200 Lahser Rd Suite 300
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Southfield
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Chesterfield
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Southfield

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits