Multifamily Coalition For Affordable Housing
- Assets
- $9.8m
- Revenue
- $3.1m
- Investments
- $9.7m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 38-2977384
Organization Overview
Multifamily Coalition For Affordable Housing, operating under the name Coalition For Affordable, is located in Troy, MI. The organization was established in 1992. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coalition For Affordable 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, Coalition For Affordable generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $323.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Coalition For Affordable has awarded 55 individual grants totaling $562,330. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOTE SHARING PAYMENTS RELATED TO THREE LOW-INCOME HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John K Zollinger Jr President/di | 0 | $7,500 | |
Frederick Hash Vp/director | 0 | $5,000 | |
Peter Hinz Secretary/di | 0 | $5,000 | |
Dr James Bagenstose Treasurer/di | 0 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,940,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $172,123 |
| Total Revenue | $3,135,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,719 |
| Printing and publications | $0 |
| Other expenses | $227,994 |
| Total operating and administrative expenses | $278,199 |
| Contributions, gifts, grants paid | $45,030 |
| Total expenses and disbursements | $323,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,814 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,443 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $9,139,195 |
| Investments—other | $602,442 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,793,894 |
| Accounts payable and accrued expenses | $230,893 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $230,893 |
Grants Awarded
Over the last fiscal year, Multifamily Coalition For Affordable Housing has awarded $45,030 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HAVEN HOUSE PURPOSE: FUND OPERATIONS | $7,000 |
WELCOME HOME CHATTANOOGA PURPOSE: FUND OPERATIONS | $2,500 |
HOLY CROSS SERVICES PURPOSE: FUND OPERATIONS | $5,000 |
SLEEP IN HEAVENLY PEACE INC PURPOSE: FUND OPERATIONS | $2,500 |
LIMA CENTRAL CATHOLIC HS ED FOUND PURPOSE: FUND OPERATIONS | $2,000 |
FAMILY PROMISE OF BEAUFORT CO PURPOSE: FUND OPERATIONS | $8,000 |