Midwest Association Of Housing Cooperatives
- Assets
- $62.6k
- Revenue
- $240.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Taylor, MI
- Founding
- 11/1976
- Data as of
- 12/2022
- EIN
- 38-2049308
Organization Overview
Midwest Association Of Housing Cooperatives is located in Taylor, MI. The organization was established in 1976. As of 12/2022, Midwest Association Of Housing Cooperatives employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Association Of Housing Cooperatives 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 12/2022, Midwest Association Of Housing Cooperatives generated $240.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $234.2k during the year ending 12/2022. 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
THE ASSOCIATIONS PURPOSE IS TO PROVIDE EDUCATIONAL PROGRAMS FOR MEMBERS AND OTHERS AND SUPPLY A MEANS TO SHARE KNOWLEDGE AND INFORMATION IN ORDER TO PROMOTE THE WELL-BEING OF THE HOUSING COOPERATIVE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SEMINARS, WORKSHOPS, AND EDUCATIONAL MATERIALS REGARDING HOUSING COOPERATIVES TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine Honeycutt President | OfficerTrustee | 4 | $0 |
Wanda Dawson Director | Trustee | 2 | $0 |
Cynthia Phillips Secretary | OfficerTrustee | 4 | $0 |
Christine Johnson Il Vice Pres. | OfficerTrustee | 4 | $0 |
Randall Pentiuk Mi Vice Pres. | OfficerTrustee | 4 | $0 |
Karen Mitchell Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,932 |
| Total Program Service Revenue | $177,994 |
| Investment income | $0 |
| 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 | $240,926 |
| 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 | $36,507 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,355 |
| Insurance | $2,246 |
| All other expenses | $5,383 |
| Total functional expenses | $234,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,024 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $803 |
| Net Land, buildings, and equipment | $6,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,565 |
| Total assets | $62,561 |
| Accounts payable and accrued expenses | $13,241 |
| Grants payable | $0 |
| Deferred revenue | $16,897 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,815 |
| Total liabilities | $55,953 |
| Net assets without donor restrictions | $6,608 |
| Net assets with donor restrictions | $0 |
| 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 | $62,561 |