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 12/2022, South Bloomfield Highlands Improvement Association generated $63.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $87.3k during the year ending 12/2022. While expenses have increased by 10.7% per year over the past 8 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
2022
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 |
---|---|---|---|
David Walsh Water Director | 3 | $3,600 | |
Jim Tassen President | 5 | $0 | |
Chris Haverly Vice-President | 2 | $0 | |
Erica Mojica Director | 1 | $0 | |
Teresa Renaud Treasurer | 2 | $0 | |
Ed Tillery Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $63,070 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $63,070 |
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 | $18,876 |
Occupancy, rent, utilities, and maintenance | $64,583 |
Printing, publications, postage, and shipping | $1,350 |
Other expenses | $2,446 |
Total expenses | $87,255 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $71,786 |
Other assets | $0 |
Total assets | $88,805 |
Total liabilities | $21,475 |
Net assets or fund balances | $67,330 |
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