South Bloomfield Highlands Improvement Association is located in Keego Harbor, MI. The organization was established in 1946. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Bloomfield Highlands Improvement Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, South Bloomfield Highlands Improvement Association generated $88.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $73.4k during the year ending 12/2023. While expenses have increased by 7.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ADEQUATELY MAINTAIN THE WATER SYSTEM THAT PROVIDES POTABLE WATER TO 209 RESIDENTS, MAINTAIN COMMON AREAS OF THE NEIGHBORHOOD, PUBLISH NEWSLETTERS AND OTHER COMMUNICATIONS TO FACILITATE COMMUNITY COHESIVENESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jim Tassen President | 5 | $0 | |
Chris Haverly Vice-President | 2 | $0 | |
Teresa Renaud Treasurer | 2 | $0 | |
David Walsh Water Director | 3 | $3,600 | |
Erica Mojica Director | 1 | $0 | |
Ed Tillery Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $88,143 |
Investment income | $8 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $88,151 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $21,242 |
Occupancy, rent, utilities, and maintenance | $43,541 |
Printing, publications, postage, and shipping | $4,224 |
Other expenses | $4,391 |
Total expenses | $73,398 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $71,968 |
Other assets | $0 |
Total assets | $88,828 |
Total liabilities | $6,745 |
Net assets or fund balances | $82,083 |