Iccf Community Home
- Assets
- $57.0m
- Revenue
- $12.2m
- Investments
- $877.1k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 12/1970
- Data as of
- 05/2022
- EIN
- 38-1903026
Organization Overview
Iccf Community Home is located in Grand Rapids, MI. The organization was established in 1970. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Iccf Community Home 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 05/2022, Iccf Community Home generated $12.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $10.0m during the year ending 05/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, CLEAN, AFFORDABLE AND HIGH QUALITY HOUSING TO PERSONS OF LOW AND MODERATE INCOME TO ENCOURAGE FAMILY RESPONSIBILITY AND INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ICCF BUILDS AND RENOVATES RENTAL HOUSING WITH AN EMPHASIS ON RESIDENTIAL MANAGEMENT AND RESIDENT DIGNITY. OVER 500 RENTAL UNITS ARE PROVIDED AT BELOW MARKET RATES. IN ADDITION, PROGRAMS ARE AVAILABLE TO EVERY RENTAL RESIDENT TO TEACH THEM SKILLS TOWARD BECOMING HOMEOWNERS THEMSELVES. FAMILIES ASSUME POSITIONS OF RESPONSIBILITY IN THE OPERATION OF THEIR RENTAL COMMUNITIES THROUGH THE TENANT CENTERED MANAGEMENT PROGRAM, AND A SOCIAL WORK TEAM PROVIDES DIRECT SERVICES AND REFERRALS.
ICCF'S HOUSING COUNSELING PROGRAM IS CERTIFIED BY HUD AND THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY (MSHDA) AND ADHERES TO THE NATIONAL INDUSTRY STANDARDS FOR HOUSING COUNSELORS. IN FY2022 227 HOUSEHOLDS ENGAGED WITH OUR RESIDENT PROGRAMS. 440 INDIVIDUALS COMPLETED A HOMEBUYER EDUCATION SERIES. ALL CLIENTS ARE SERVED REGARDLESS OF INCOME, RACE, COLOR, RELIGION/CREED, SEX, NATIONAL ORIGIN, AGE, FAMILY STATUS, DISABILITY, OR SEXUAL ORIENTATION/GENDER IDENTITY. PROGRAMS ARE ADMINISTERED IN CONFORMITY WITH LOCAL, STATE, AND FEDERAL ANTI-DISCRIMINATION LAWS, INCLUDING THE FEDERAL FAIR HOUSING ACT (42 USC 3600, ET SEQ.)ICCF OFFERS TWO CLASS SERIES: INTRODUCTION TO HOMEOWNERSHIP AND FINANCIAL CAPABILITIES. TOGETHER THESE SERVE TO EQUIP PROSPECTIVE HOMEBUYERS OR OTHERS WHO ARE WORKING TO ACHIEVE FINANCIAL GOALS OR AFFORDABLE HOUSING. CLASSES ARE TAUGHT BY EXPERTS ON ICCF STAFF AND OFFERED IN ENGLISH AND SPANISH. IN ADDITION, DEDICATED HOUSING COUNSELING AND AN INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) DOWN PAYMENT MATCHING PROGRAM ARE AVAILABLE FOR QUALIFIED CLIENTS. THROUGH THESE PROGRAMS, PARTICIPANTS HAVE THE OPPORTUNITY TO IMPROVE THEIR FAMILY AND HOUSING SITUATIONS, AND INCREASE THEIR OPPORTUNITIES IN LIFE.
EMERGENCY SHELTER FOR HOMELESS FAMILIES - FAMILY HAVEN: IN FY2022 31 FAMILIES (45 ADULTS AND 109 KIDS) RECEIVED EMERGENCY HOUSING AND SERVICES DESIGNED TO TAKE THEM FROM HOMELESSNESS TO STABLE HOUSING AT ICCF'S EMERGENCY FAMILY SHELTER CALLED FAMILY HAVEN. 17 OF THE 31 FAMILIES HOUSED DURING FY2022 EXITED FAMILY HAVEN TO PERMANENT HOUSING. UP TO TWELVE MONTHS OF FOLLOW UP SERVICES HELP FAMILIES SECURE COMMUNITY RESOURCES, EMPLOYMENT, EDUCATION, CHILD CARE, ETC. ALL REFERRALS TO FAMILY HAVEN ARE RECEIVED FROM THE HOUSING ASSESSMENT PROGRAM AT THE SALVATION ARMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlen Gaddy Director - Secretary | OfficerTrustee | 2 | $0 |
Jamecia Adams Director - Chair | OfficerTrustee | 2 | $0 |
Tom Prince Director - Treasurer | OfficerTrustee | 2 | $0 |
Andrew Miedema Treasurer - Part Year | OfficerTrustee | 2 | $0 |
Lee Hardy Director - Vice Chair | OfficerTrustee | 2 | $0 |
Ryan Verwys President & CEO | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $244,742 |
| Related organizations | $1,124,410 |
| Government grants | $4,529,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,277,187 |
| Noncash contributions included in lines 1a–1f | $76,954 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,176,062 |
| Total Program Service Revenue | $4,219,698 |
| Investment income | $427,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$419,558 |
| Net Income from Fundraising Events | -$61,972 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,188,676 |
| 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 | $2,639,988 |
| Pension plan accruals and contributions | $249,520 |
| Other employee benefits | $58,175 |
| Payroll taxes | $218,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $674,965 |
| Advertising and promotion | $0 |
| Office expenses | $47,393 |
| Information technology | $81,009 |
| Royalties | $0 |
| Occupancy | $288,186 |
| Travel | $44,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $777,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,543,053 |
| Insurance | $200,839 |
| All other expenses | $479,910 |
| Total functional expenses | $9,963,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,640,298 |
| Savings and temporary cash investments | $10,568,469 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,456,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $293,831 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,579 |
| Net Land, buildings, and equipment | $25,973,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $877,149 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,139,154 |
| Total assets | $56,991,774 |
| Accounts payable and accrued expenses | $203,572 |
| 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 | $26,327,631 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $737,846 |
| Total liabilities | $27,269,049 |
| Net assets without donor restrictions | $27,499,669 |
| Net assets with donor restrictions | $2,223,056 |
| 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 | $56,991,774 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Iccf Community Home has recieved totaling $202,191.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $83,600 |
Heart Of West Michigan United Way Grand Rapids, MI PURPOSE: ALLOCATION / DONOR DESIGNATION /PASS THRU | $60,604 |
Mojo Foundation Grand Rapids, MI PURPOSE: GENERAL SUPPORT | $30,000 |
Advisors Charitable Gift Fund Inc Woburn, MA PURPOSE: General Support | $10,000 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $8,150 |
Feeding America West Michigan Comstock Park, MI PURPOSE: FIGHT HUNGER | $6,377 |
Endowment Analysis
| Beg. Balance | $100,000 |
| Earnings | -$7,401 |
| Net Contributions | $7,401 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Harbor House Ministries Jenison, MI | $5,031,278 | $3,994,152 |
Regina Manor Apartments Inc Toledo, OH | $0 | $7,363 |
Preservation Housing Partners Bloomfield Hills, MI | $17,748,211 | $4,586,755 |
3700 Green Tree Corporation Milwaukee, WI | $10,160,568 | $2,809,473 |