Eden Manor Nonprofit Housing Corporation
- Assets
- $1.0m
- Revenue
- $527.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saline, MI
- Founding
- 06/1994
- Data as of
- 03/2021
- EIN
- 38-3171146
Organization Overview
Eden Manor Nonprofit Housing Corporation is located in Saline, MI. The organization was established in 1994. 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. Eden Manor 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 03/2021, Eden Manor Nonprofit Housing Corporation generated $527.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $616.7k during the year ending 03/2021. While expenses have increased by 0.3% 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
PROVIDE SECTION 8 HOUSING TO QUALIFIED LOW-INCOME PERSONS, INCLUDING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SECTION 202 HUD-ASSISTED SUBSIDIZED RENTAL HOUSING TO QUALIFIED ELDERLY INDIVIDUALS. TO PROMOTE THEIR HEALTH, SECURITY AND HAPPINESS IN A 65 UNIT HOUSING COMPLEX.
PROVIDE SECTION 202 HUD-ASSISTED SUBSIDIZED RENTAL HOUSING TO QUALIFIED ELDERLY INDIVIDUALS. TO PROMOTE THEIR HEALTH, SECURITY AND HAPPINESS IN A 65 UNIT HOUSING COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Marshall Sec/treas | OfficerTrustee | 1 | $0 |
Barbara Stephens President | OfficerTrustee | 1 | $0 |
Belinda Booker Director | Trustee | 1 | $0 |
Angela Jamison Director | Trustee | 1 | $0 |
Thom Hosinski Director/coo | Trustee | 1 | $0 |
Rev Linda Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $653 |
| 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 | $527,011 |
| 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 | $76,818 |
| Pension plan accruals and contributions | $6,447 |
| Other employee benefits | $18,059 |
| Payroll taxes | $6,494 |
| Fees for services: Management | $31,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,824 |
| Office expenses | $27,545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,278 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,762 |
| Insurance | $24,916 |
| All other expenses | $0 |
| Total functional expenses | $616,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,514 |
| Savings and temporary cash investments | $19,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,364 |
| Total assets | $1,044,728 |
| Accounts payable and accrued expenses | $111,543 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,040 |
| Total liabilities | $130,583 |
| 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 | $914,145 |
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