Keweenaw County Housing Corporation
- Assets
- $127.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mohawk, MI
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 38-2244836
Organization Overview
Keweenaw County Housing Corporation is located in Mohawk, MI. The organization was established in 1983. 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. Keweenaw County Housing Corporation 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, Keweenaw County Housing Corporation generated $138.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $145.1k during the year ending 12/2022. While expenses have increased by 1.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
APARTMENT RENTAL FOR THE ELDERLY AND DISABLED, PARTIALLY SUBSIDIZED BYTHE U.S. DEPARTMENT OF AGRICULTURE - RURAL HOUSING SERVICE; 24 UNITS,100% OCCUPANCY AT 12/31/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Karvonen President | 1 | $0 | |
Elizabeth Anderson Sec/treasurer | 0.2 | $0 | |
Victor Tanskanen Trustee | 0.2 | $0 | |
William Hannon Vice President | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $136,618 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,687 |
| Total Revenue | $138,314 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49,500 |
| Professional fees and other payments to independent contractors | $2,350 |
| Occupancy, rent, utilities, and maintenance | $48,799 |
| Printing, publications, postage, and shipping | $639 |
| Other expenses | $43,789 |
| Total expenses | $145,077 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,816 |
| Other assets | $0 |
| Total assets | $127,669 |
| Total liabilities | $208,455 |
| Net assets or fund balances | -$80,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Church Residences Columbus, OH | $160,821,916 | $104,850,885 |
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
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 |