Neighborhoods Inc Of Battle Creek
- Assets
- $3.5m
- Revenue
- $8.0m
- Investments
- $13.6k
- Employees
- 17
- Location
- Battle Creek, MI
- Founding
- 10/1982
- Data as of
- 06/2022
- EIN
- 38-2375773
Organization Overview
Neighborhoods Inc Of Battle Creek, operating under the name Southwest Michigan Community Development Corporation, is located in Battle Creek, MI. The organization was established in 1982. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Southwest Michigan Community Development Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Michigan Community Development 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 06/2022, Southwest Michigan Community Development Corporation generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 27.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEIGHBORHOODS INC IS TO PROMOTE STABLE, HEALTHY HOMES AND NEIGHBORHOODS BY PROVIDING SERVICES AND EDUCATIONAL PROGRAMS FOCUSED ON LOW TO MODERATE INCOME FAMILIES IN THE GREATER BATTLE CREEK AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND RENTAL - FULL OR PARTIAL REHABILITATION OF HOMES WHICH ARE THEN SOLD OR RENTED TO HOMEOWNERS.
NEIGHBORHOOD ORGANIZING - PROVIDES FUNDS FOR SPECIAL NEIGHBORHOOD IMPROVEMENT PROJECTS TO BUILD PRIDE AND COOPERATION AND TO HELP THE NEIGHBORHOODS WITH RESIDENT TRAINING AND COMMUNITY ORGANIZING.
REVOLVING LOANS & LOAN POOL - ALLOWS ORGANIZATION TO PROVIDE LOANS AND OTHER PURCHASING ASSISTANCE TO LOWER INCOME BUYERS OF REHABILITATED PROPERTY.
EDUCATION SERVICES - TO PROVIDE EDUCATION OPPORTUNITIES TO THE COMMUNITY TO HELP FIRST-TIME HOME BUYERS AS WELL AS CLASSES ON FINANCIAL FITNESS TO PREPARE CONSUMERS FOR HOMEOWNERSHIP AND OTHER LONG-TERM GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lester Le Johnson Board Chair | OfficerTrustee | 2 | $0 |
Dianne Ramirez Vice Chair | OfficerTrustee | 2 | $0 |
Dianne Hatley Secretary | OfficerTrustee | 2 | $0 |
Carla Reynolds Board Member | Trustee | 1 | $0 |
Jeff Breedlove Board Member | Trustee | 1 | $0 |
Ted Dearing Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,239,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,204,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,449,189 |
| Total Program Service Revenue | $504,407 |
| 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 | $7,960,891 |
| 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. | $80,115 |
| Compensation of current officers, directors, key employees. | $7,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $488,837 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,563 |
| Payroll taxes | $52,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,469 |
| Fees for services: Accounting | $45,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $402,546 |
| Advertising and promotion | $200 |
| Office expenses | $86,022 |
| Information technology | $9,942 |
| Royalties | $0 |
| Occupancy | $31,516 |
| Travel | $3,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $568 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,597 |
| Insurance | $22,165 |
| All other expenses | $6,293 |
| Total functional expenses | $8,041,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,805 |
| Savings and temporary cash investments | $50,220 |
| Pledges and grants receivable | $109,876 |
| Accounts receivable, net | $1,111,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,036,031 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $482 |
| Net Land, buildings, and equipment | $1,114,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,600 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,002 |
| Total assets | $3,494,943 |
| Accounts payable and accrued expenses | $659,458 |
| Grants payable | $0 |
| Deferred revenue | $10,490 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $48,601 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $191,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,869 |
| Total liabilities | $950,691 |
| Net assets without donor restrictions | $2,448,757 |
| Net assets with donor restrictions | $95,495 |
| 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 | $3,494,943 |