Bgc-Ii Nonprofit Housing Corporation

Organization Overview

Bgc-Ii Nonprofit Housing Corporation is located in Okemos, MI. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Bgc-Ii Nonprofit 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, Bgc-Ii Nonprofit Housing Corporation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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 AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME IN MICHIGAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BGC-II PROVIDES 214 RENTAL UNITS TO PERSONS OF LOW TO MODERATE INCOME. THE ORGANIZATION ALSO PROVIDES SOCIAL AND RECREATIONAL FACILITIES TO SERVE THE RESIDENTIAL AREA.


INCOME FROM THIS PROJECT AND MSHDA FUNDS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING AND MIDLAND AREA HOMES TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE EXEMPT PURPOSE OF BGC-II GREENHILL.


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Board, Officers & Key Employees

Name (title)Compensation
Laurie Schwartz
Treasurer
$0
Richard Kerbawy
President
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,041,514
Investment income $1,373
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $2,042,887

Grants Awarded

Over the last fiscal year, Bgc-Ii Nonprofit Housing Corporation has awarded $1,257,874 in support to 2 organizations.

Grant RecipientAmount

BOYS AND GIRLS CLUB

Org PageRecipient Profile

Lansing, MI

PURPOSE: TO PROVIDE ASSISTANCE WITH THEIR DAY TO DAY ACTIVITIES.

$1,253,000

MIDLAND AREA HOMES

Org PageRecipient Profile

Midland, MI

PURPOSE: TO PROVIDE ASSISTANCE WITH THEIR DAY TO DAY ACTIVITIES.

$4,874
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bgc-Ii Nonprofit Housing Corporation has recieved totaling $233,616.

Awarding OrganizationAmount
Bgc Nonprofit Housing Corporation

Okemos, MI

PURPOSE: TO HELP WITH SIGNIFICANT REPAIRS AND MAINTENANCE

$233,616
View Grant Recipient Profile

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