St Davids Non-Profit Housing Corp
- Assets
- $1.1m
- Revenue
- $500.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, MI
- Founding
- 08/2008
- Data as of
- 06/2024
- EIN
- 38-2225041
Organization Overview
St Davids Non-Profit Housing Corp is located in Warren, MI. The organization was established in 2008. 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. St Davids Non-Profit Housing Corp 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 06/2024, St Davids Non-Profit Housing Corp generated $500.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $492.6k during the year ending 06/2024. While expenses have increased by 1.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. DAVID'S NON-PROFIT HOUSING CORPORATION (THE CORPORATION) IS A MICHIGAN NON_PROFT HOUSING CORPORATION ORGANIZED ON A NON_STOCK BASIS BY COOPERATIVE SERVICES, INC., A MICHIGAN NON-PROFIT COOPERATIVE. THE CORPORATION WAS FORMED IN SEPTEMBER 1980 TO OPERATE A 42 UNIT APARTMENT COMPLEX LOCATED IN PLYMOUTH, MICHIGAN (THE PROPERTY). THE CORPORATION NOW OPERATES PURSUANT TO SECTION 223(F) OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Mitchell President | OfficerTrustee | 0.1 | $0 |
Rillar Mcdaniel Former Director | Trustee | 0.1 | $0 |
Ethel Young Former Director | Trustee | 0.1 | $0 |
Elaine Herrick Former Director | Trustee | 0.1 | $0 |
Alex Aho Constitution | OfficerTrustee | 0.1 | $0 |
Jeri Draughon Secretary | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,144 |
| 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 | $322,144 |
| Total Program Service Revenue | $178,287 |
| Investment income | $185 |
| 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 | $500,826 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,230 |
| Fees for services: Legal | $38 |
| Fees for services: Accounting | $12,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $984 |
| Office expenses | $19,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,973 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,952 |
| Insurance | $49,343 |
| All other expenses | $84,821 |
| Total functional expenses | $492,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,389 |
| 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 | $10,029 |
| Net Land, buildings, and equipment | $664,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $352,803 |
| Intangible assets | $41,524 |
| Other assets | $7,955 |
| Total assets | $1,093,314 |
| Accounts payable and accrued expenses | $248,780 |
| Grants payable | $0 |
| Deferred revenue | $5,815 |
| 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 | $1,474,457 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,890 |
| Total liabilities | $1,781,942 |
| Net assets without donor restrictions | -$688,628 |
| 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 | $1,093,314 |