Grand Traverse Area Independent Non-Profit Housing Corporation
- Assets
- $190.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 07/1983
- Data as of
- 12/2023
- EIN
- 38-2460527
Organization Overview
Grand Traverse Area Independent Non-Profit Housing Corporation is located in Traverse City, MI. The organization was established in 1983. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Traverse Area Independent Non-Profit 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 12/2023, Grand Traverse Area Independent Non-Profit Housing Corporation generated $118.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $171.4k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDESAFEAFFORDABLEHOUSINGFOR18ADULTSWITHDEVELOPMENTALAND ORINTELLECTUALDISABILITIES.RENOVATEAPARTMENTSANDUPGRADETHEFACILITIESTOIMPROVETHEQUALITYOFLIFEFORTENANTS.MAINTAINGROUNDSANDSERVICESTOKEEPTHEPROPERTYCLEANANDATTRACTIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sonnemann Board President | 2 | $0 | |
Bj Brick Board Vice President | 1 | $0 | |
Jessica Ashmore Board Treasurer | 3 | $0 | |
Diana Longton Board Secretary | 3 | $0 | |
Kathy Britten Director | 1 | $0 | |
Jim Rossi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,932 |
| Total Program Service Revenue | $105,902 |
| Membership dues | $0 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,741 |
| Total Revenue | $118,590 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $143,723 |
| Printing, publications, postage, and shipping | $591 |
| Other expenses | $27,126 |
| Total expenses | $171,440 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,489 |
| Other assets | $0 |
| Total assets | $190,397 |
| Total liabilities | $199,725 |
| Net assets or fund balances | -$9,328 |