Prospect North Cooperative Inc
- Assets
- $34.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Romeo, MI
- Founding
- Data as of
- 12/2021
- EIN
- 38-1857006
Organization Overview
Prospect North Cooperative Inc is located in Romeo, MI.
For the year ending 12/2021, Prospect North Cooperative Inc generated $75.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $68.9k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
MAINTAINED COOPERATIVE HOUSING COMPLEX ON BEHALF OF RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Schuchard President | 3 | $0 | |
Tom Vagi Vice President | 3 | $0 | |
Elaine Kotkowski Secretary | 2 | $0 | |
Sheila Whitaker Treasurer | 3 | $0 | |
Marilyn Foltz Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $74,997 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,002 |
| 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 | $9,725 |
| Occupancy, rent, utilities, and maintenance | $43,224 |
| Printing, publications, postage, and shipping | $170 |
| Other expenses | $15,817 |
| Total expenses | $68,936 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,858 |
| Other assets | $0 |
| Total assets | $34,858 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,858 |
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