Northwest Michigan Supportive Housing
- Assets
- $1.2m
- Revenue
- $935.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Traverse City, MI
- Founding
- 12/1988
- Data as of
- 12/2023
- EIN
- 38-2807457
Organization Overview
Northwest Michigan Supportive Housing is located in Traverse City, MI. The organization was established in 1988. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Northwest Michigan Supportive Housing employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Michigan Supportive Housing 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, Northwest Michigan Supportive Housing generated $935.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $948.5k during the year ending 12/2023. While expenses have increased by 4.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PERMANENT SUPPORTIVE HOUSING FOR THE HOMELESS AND MENTALLY ILL WITHIN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AFFORDABLE SUPPORTIVE RENTAL HOUSING FOR 126 INDIVIDUALS, INCLUDING 79 MENTALLY ILL HEADS-OF-HOUSEHOLD AND THEIR IMMEDIATE FAMILIES WITHIN THE COMMUNITY USING STATE AND FEDERAL FUNDS FOR RENTAL SUBSIDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Stoudt Director | Trustee | 1 | $0 |
Mike Kronk Director | Trustee | 1 | $0 |
Ben Knorr Secretary | OfficerTrustee | 1 | $0 |
Becky Osborne Vice President | OfficerTrustee | 1 | $0 |
Benson Munger Treasurer | OfficerTrustee | 1 | $0 |
Ben Bryant Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,541 |
| Total Program Service Revenue | $268,954 |
| Investment income | $184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400,140 |
| 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 | $935,440 |
| 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. | $53,788 |
| Compensation of current officers, directors, key employees. | $32,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,957 |
| Payroll taxes | $17,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,428 |
| Fees for services: Accounting | $23,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,320 |
| Advertising and promotion | $9,825 |
| Office expenses | $9,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $568,213 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,769 |
| Interest | $2,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,436 |
| Insurance | $20,487 |
| All other expenses | $0 |
| Total functional expenses | $948,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,409 |
| Savings and temporary cash investments | $72,942 |
| Pledges and grants receivable | $15,372 |
| Accounts receivable, net | $55,905 |
| 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 | $188,995 |
| Net Land, buildings, and equipment | $188,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $562,885 |
| Total assets | $1,164,084 |
| Accounts payable and accrued expenses | $16,298 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $53,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,475 |
| Total liabilities | $70,831 |
| Net assets without donor restrictions | $668,641 |
| Net assets with donor restrictions | $424,612 |
| 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 | $1,164,084 |