Blue Water Development Housing Inc
- Assets
- $7.4m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 314
- Location
- St Clair, MI
- Founding
- 03/1982
- Data as of
- 09/2023
- EIN
- 38-2140797
Organization Overview
Blue Water Development Housing Inc is located in St Clair, MI. The organization was established in 1982. As of 09/2023, Blue Water Development Housing Inc employed 314 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Water Development Housing Inc 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 09/2023, Blue Water Development Housing Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $14.8m during the year ending 09/2023. While expenses have increased by 9.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTED LIVING FOR THE DEVELOPMENTALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS PROVIDE COMPREHENSIVE RESIDENTIAL SERVICES FOR DEVELOPMENTALLY AND EMOTIONALLY IMPAIRED. THE PROGRAM MAINTAINS FOURTEEN HOMES AND PROVIDES IN-HOME CARE TO SEVERAL INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Little Director | Trustee | 0.38 | $0 |
Bonnie Bracken Director | Trustee | 0.38 | $0 |
Michael Carrell Director | Trustee | 0.38 | $0 |
Annmarie Ottoy Director | Trustee | 0.38 | $0 |
Mallory Schieman Director | Trustee | 0.38 | $0 |
Bonnie Barrett Secretary | Officer | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,541 |
| Related organizations | $0 |
| Government grants | $398,908 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,449 |
| Total Program Service Revenue | $13,941,772 |
| Investment income | $42,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,623,658 |
| 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. | $222,594 |
| Compensation of current officers, directors, key employees. | $222,594 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,216,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,059,255 |
| Payroll taxes | $800,260 |
| Fees for services: Management | $106,801 |
| Fees for services: Legal | $43,424 |
| Fees for services: Accounting | $87,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,970 |
| Office expenses | $12,459 |
| Information technology | $45,781 |
| Royalties | $0 |
| Occupancy | $478,978 |
| Travel | $127,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,841 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,482 |
| Insurance | $53,708 |
| All other expenses | $4,537 |
| Total functional expenses | $14,807,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,388,134 |
| Savings and temporary cash investments | $735,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,379,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $99,154 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $64,261 |
| Net Land, buildings, and equipment | $1,009,917 |
| Investments—publicly traded securities | $1,464,667 |
| Investments—other securities | $0 |
| Investments—program-related | $46,524 |
| Intangible assets | $0 |
| Other assets | $192,414 |
| Total assets | $7,380,238 |
| Accounts payable and accrued expenses | $1,786,510 |
| Grants payable | $0 |
| Deferred revenue | $35,312 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $48,518 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $135,316 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,005,656 |
| Net assets without donor restrictions | $5,328,058 |
| Net assets with donor restrictions | $46,524 |
| 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 | $7,380,238 |