Norway Area Non-Profit Housing Corporation
- Assets
- $404.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Escanaba, MI
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 38-3109257
Organization Overview
Norway Area Non-Profit Housing Corporation is located in Escanaba, MI. The organization was established in 1996. 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. Norway Area Non-Profit 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 12/2023, Norway Area Non-Profit Housing Corporation generated $176.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $194.1k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED HOUSING TO INDIVIDUALS WHO OCCUPIED THE 20 UNITS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Spence President | 1 | $0 | |
Tom Pearman Vice President | 1 | $0 | |
Chris Spence Secretary/treasurer | 1 | $0 | |
Marvin Pollard Member | 1 | $0 | |
Greg Vargo Member | 1 | $0 | |
Sandi Peroceschi Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,143 |
| Total Program Service Revenue | $85,733 |
| Membership dues | $0 |
| Investment income | $126 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $330 |
| Total Revenue | $176,332 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,361 |
| Professional fees and other payments to independent contractors | $15,755 |
| Occupancy, rent, utilities, and maintenance | $102,537 |
| Printing, publications, postage, and shipping | $535 |
| Other expenses | $46,932 |
| Total expenses | $194,120 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,369 |
| Other assets | $0 |
| Total assets | $404,805 |
| Total liabilities | $649,842 |
| Net assets or fund balances | -$245,037 |