Springhill Housing Corporation

Organization Overview

Springhill Housing Corporation is located in Troy, MI. The organization was established in 1991. According to its NTEE Classification (L40) the organization is classified as: Temporary 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. Springhill 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 12/2021, Springhill Housing Corporation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $821.8k during the year ending 12/2021. While expenses have increased by 3.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW INCOME HOUSING TO INDIVIDUALS WITH DISABILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING LOW INCOME HOUSING TO INDIVIDUALS WITH DISABILITIES IN THE METRO DETROIT AREA AND PROVIDING AFFORDABLE PERMANENT HOUSING OPTIONS THROUGH THE DEVELOPMENT OF RENTAL PROPERTIES.


THE CORPORATION IS THE TRUSTEE FOR TWO SPECIAL NEEDS POOLED TRUSTS: SPRINGHILL FIRST-PARTY POOLED TRUST AND THE SPRINGHILL THIRD-PARTY POOLED TRUST. PROCEEDS FROM THE TRUSTS ARE USED TO FURTHER THE CORPORATION'S MISSION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Philip Clark
Secretary/treasurer
$0
Derek Girton
Vice President
$0
Kevin Wiedelman
President
$0
Marc Craig
Authorized Agent
$0
Carrie Mendoza
Authorized Agent
$0
Michelle Brinkmann
Authorized Agent
$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$157,982
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$157,982
Total Program Service Revenue$1,062,701
Investment income $33,567
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $88,012
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,342,262

Create an account to unlock the data you need.

or