Westown Jubilee Housing
- Assets
- $902.2k
- Revenue
- $401.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Grand Rapids, MI
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 38-3066116
Organization Overview
Westown Jubilee Housing is located in Grand Rapids, MI. The organization was established in 1993. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Westown Jubilee Housing employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westown Jubilee 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 12/2021, Westown Jubilee Housing generated $401.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $305.0k during the year ending 12/2021. While expenses have increased by 4.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STABILIZE OUR CORE CITY COMMUNITY ONE HOMEOWNER AT A TIME, TO PROVIDE A NEW BEGINNING, AND GIVE GREATER GLORY TO OUR GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING 24 AFFORDABLE RENTAL UNITS AS LANDLORDS AND REHABBING AN AFFORDABLE HOME FOR A FAMILY BELOW MARKET VALUE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Vredeveld Executive Director | Officer | 40 | $63,308 |
Patricia Gress Secretary | OfficerTrustee | 1 | $0 |
Gina Wagner Treasurer | OfficerTrustee | 1 | $0 |
Phil Vankampen President | OfficerTrustee | 1 | $0 |
Shirley Fleishmann Trustee | Trustee | 1 | $0 |
Daniel Cavanaugh Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,528 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,470 |
| Total Program Service Revenue | $210,903 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,445 |
| 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. | $63,308 |
| Compensation of current officers, directors, key employees. | $13,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,998 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,974 |
| Payroll taxes | $9,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,676 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,071 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,143 |
| Travel | $238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,814 |
| Insurance | $12,358 |
| All other expenses | $1,306 |
| Total functional expenses | $304,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,818 |
| Savings and temporary cash investments | $2 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,869 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $286,770 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $467,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195 |
| Total assets | $902,179 |
| Accounts payable and accrued expenses | $8,221 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,348 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $323,646 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $346,215 |
| Net assets without donor restrictions | $555,964 |
| Net assets with donor restrictions | $0 |
| 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 | $902,179 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westown Jubilee Housing has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chn Housing Partners Cleveland, OH | $74,492,798 | $91,427,214 |
Emerald Development And Economic Cleveland, OH | $37,695,936 | $37,548,229 |
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
Bridges Community Action Partnership Marysville, OH | $6,792,515 | $6,372,376 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Central Ohio Community Land Trust Columbus, OH | $2,592,192 | $4,520,471 |
Housing Resources Inc Milwaukee, WI | $1,278,452 | $4,218,125 |
El Barrio Inc Cleveland, OH | $2,618,772 | $3,994,510 |
Greater Green Bay Habitat For Humanity Green Bay, WI | $9,776,168 | $3,142,134 |