Neighborhood Ventures
- Assets
- $0.0
- Revenue
- $2.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Grand Rapids, MI
- Founding
- Data as of
- 11/2016
- EIN
- 20-4075827
Organization Overview
Neighborhood Ventures is located in Grand Rapids, MI. As of 11/2016, Neighborhood Ventures employed 3 individuals. Neighborhood Ventures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2016, Neighborhood Ventures generated $2.9k in total revenue. All expenses for the organization totaled $76.0k during the year ending 11/2016.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO INTERJECT VITALITY INTO THE HEART OF NEIGHBORHOODS IN THE CITY OF GRAND RAPIDS, SUPPORT AND COORDIATE GOVERNMENTAL EFFORTS IN THE BUSINESS COMMUNITIES AND TO COMBAT COMMUNITY DETERIORATION BY REVITALIZING THE CITYS BUSINESS DISTRICTS PRIMARILY ITS OLDER CORRIDORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPTOWN GRAND RAPIDS. INITIATIVE TO MARKET AND BRAND AN URBAN AREA IN EASTERN GRAND RAPIDS, AND, COMPLETE PHYSICAL IMPROVEMENTS TO THE STREETSCAPE AND PUBLIC SPACES. FIDUCIARY SUPPORT AND ALL ASSETS FOR UPTOWN WERE TRANSFERRED TO UPTOWN GRAND RAPIDS LLC ON 20 SEPTEMBER 2016. VOLUNTEER HOURS 150
(RE)STORE TECHNICAL ASSISTANCE SUPPORTING SMALL BUSINESS ENTREPRENEURSHIP TO INCLUDE PROVIDING ACCESS TO BUSINESS PLAN DEVELOPMENT, FINANCING PROGRAMS, MARKET RESEARCH, SITE SELECTION, AND NAVIGATING THE BUSINESS PERMITTING PROCESS. VOLUNTEER HOURS 0
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Gilewski Board Member | Trustee | 1 | $0 |
Tim Marcus Board Member | Trustee | 1 | $0 |
Laura Wolters Board Member | Trustee | 1 | $0 |
Dan Zink Board Member | Trustee | 1 | $0 |
Patrick Lonergan Chairman | Officer | 2 | $0 |
Brad Foxen Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,817 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,601 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,162 |
| Pension plan accruals and contributions | $1,355 |
| Other employee benefits | $0 |
| Payroll taxes | $3,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $894 |
| Fees for services: Accounting | $2,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,149 |
| Office expenses | $709 |
| Information technology | $495 |
| Royalties | $0 |
| Occupancy | $1,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $582 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $530 |
| Insurance | $277 |
| All other expenses | $825 |
| Total functional expenses | $75,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |