Southgate Properties
- Assets
- $14.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Southgate, MI
- Founding
- 06/1994
- Data as of
- 09/2020
- EIN
- 38-3163460
Organization Overview
Southgate Properties is located in Southgate, MI. The organization was established in 1994. According to its NTEE Classification (F19) the organization is classified as: Support N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southgate Properties 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 09/2020, Southgate Properties generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FACILITIES AND BUILDING SERVICES TO RELATED TAX-EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES RENTAL FACILITIES TO RELATED TAX-EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Moran Chairperson | OfficerTrustee | 1 | $0 |
Jerry Griffith Vice Chairperson | OfficerTrustee | 1 | $0 |
Joe Hoshaw Secretary | OfficerTrustee | 1 | $0 |
John Harwood Director | OfficerTrustee | 1 | $0 |
Kari D Walker Ceo/president | Officer | 5 | $0 |
Gary Guetschow Chief Financial Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $7,529 |
| 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 | $2,285,876 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,519 |
| Pension plan accruals and contributions | $12,966 |
| Other employee benefits | $40,756 |
| Payroll taxes | $14,739 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,400 |
| Advertising and promotion | $0 |
| Office expenses | $4,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $433,955 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $127,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $570,035 |
| Insurance | $3,537 |
| All other expenses | $0 |
| Total functional expenses | $1,439,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,207 |
| Savings and temporary cash investments | $2,681,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,811,570 |
| Accounts payable and accrued expenses | $59,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,513,438 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,243,042 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,206 |
| Total liabilities | $2,876,880 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,934,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southgate Properties Southgate, MI | $14,811,570 | $2,285,876 |
Our Place Drug And Alcohol Education Services Inc New Albany, IN | $555,345 | $1,023,625 |
Michigan Certification Board For Addiction Professionals Lansing, MI | $1,186,275 | $417,218 |
Halos Of The St Croix Valley New Richmond, WI | $209,782 | $173,539 |
St Anthony For Differently Abled Kids Rochester Hills, MI | $27,579 | $132,195 |
Suburban North Club Corporation Noblesville, IN | $1,017,122 | $620,544 |
Laporte County Drug Free Partnership Inc Michigan City, IN | $24,105 | $0 |
Huron Valley Area Intergroup Inc Ann Arbor, MI | $79,651 | $0 |
Smoke Less America Inc Mansfield, OH | $318,379 | $12,328 |
Greater Flint Childrens Mental Health Facilities Incorporated Flint, MI | $24,435,417 | $778,463 |
Friends Of The Macomb County Veterans Treatment Court Mt Clemens, MI | $363,950 | $0 |