Michigan Nonprofit Housing Corporation

Organization Overview

Michigan Nonprofit Housing Corporation, operating under the name Greenwood Villa Fraser Woods Greenwood Villa, is located in Farmington Hills, MI. The organization was established in 1991. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental 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. Greenwood Villa Fraser Woods Greenwood Villa 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, Greenwood Villa Fraser Woods Greenwood Villa generated $169.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (44.9%) each year. All expenses for the organization totaled $14.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (53.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND PERSONS OF LOW INCOME STATUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OWNERSHIP, MANAGEMENT, AND/OR DEVELOPMENT OF SECTION 8, SUBSIDIZED HOUSING PROJECTS PROVIDING AFFORDABLE HOUSING TO ELDERLY AND LOW INCOME FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Amendt
President
$0
Ryan Verwys
Vice President
$0
Robert O'reilly
Secretary
$0
Judy Gruner
Director
$0
Andrew Gilroy
Director
$0
Jeremy Deroo
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Colliers International
Consulting Services
$231,352
Kmg Prestige Inc
Contracted Employees And Management Of T
$548,828
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$117,658
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,539
Net Gain/Loss on Asset Sales $38,485
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $169,682

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Southgate Non-Profit Housing Corporation
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Housing Ventures Inc
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