Otsego Community Non-Profit Housing
- Assets
- $326.0k
- Revenue
- $184.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Gaylord, MI
- Founding
- 08/1973
- Data as of
- 12/2023
- EIN
- 23-7277616
Organization Overview
Otsego Community Non-Profit Housing is located in Gaylord, MI. The organization was established in 1973. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otsego Community Non-Profit Housing is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Otsego Community Non-Profit Housing generated $184.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $162.4k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SENIOR LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
32 RENTAL UNITS TO LOW INCOME SENIOR CITIZENS. THIS IS A U.S.D.A. RURAL HOUSING DEVELOPMENT PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Soddredine Member | Trustee | 0.5 | $0 |
Colleen Evans Member | Trustee | 0.5 | $0 |
Pat Oliver Member | Trustee | 0.5 | $0 |
Dave Hagedorn Member | Trustee | 0.5 | $0 |
Patti Blasius Member/ President | Trustee | 0.5 | $0 |
Susan Wojtkowiak Secretary/treasurer (ended 9/23) | OfficerTrustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $183,572 |
| Investment income | $1,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $184,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $41,683 |
| Pension plan accruals and contributions | $204 |
| Other employee benefits | $4,798 |
| Payroll taxes | $3,803 |
| Fees for services: Management | $24,830 |
| Fees for services: Legal | $5,823 |
| Fees for services: Accounting | $2,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $295 |
| Office expenses | $3,544 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,997 |
| Travel | $1,489 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,152 |
| Insurance | $11,090 |
| All other expenses | $0 |
| Total functional expenses | $162,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,471 |
| Savings and temporary cash investments | $86,078 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,768 |
| 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 | $3,506 |
| Net Land, buildings, and equipment | $140,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $326,033 |
| Accounts payable and accrued expenses | $23,425 |
| Grants payable | $0 |
| Deferred revenue | $2,981 |
| 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 | $14,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,108 |
| Net assets without donor restrictions | $198,847 |
| Net assets with donor restrictions | $86,078 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $326,033 |