Synergy Non-Profit Housing Corporation
- Assets
- $408.3k
- Revenue
- $131.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 11/1995
- Data as of
- 09/2023
- EIN
- 38-3220220
Organization Overview
Synergy Non-Profit Housing Corporation is located in Grand Rapids, MI. The organization was established in 1995. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Synergy Non-Profit Housing Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 09/2023, Synergy Non-Profit Housing Corporation generated $131.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $147.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WANT PEOPLE TO FEEL RIGHT AT HOME. OUR SUBSIDIZED HOUSING SERVICES PROVIDE INCOME-BASED RENTALS THAT ARE COMFORTABLE, AFFORDABLE, AND LOCATED IN A SAFE NEIGHBORHOOD. HOUSING IS OFFERED TO LOW AND MODERATE INCOME ADULTS AND FAMILIES, ACCORDING TO HUD INCOME GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Vonkaenel Jr President | OfficerTrustee | 0.3 | $0 |
Timothy Becker Vice President And Secreta | OfficerTrustee | 0.3 | $0 |
Heather Zak Treasurer | OfficerTrustee | 0.3 | $0 |
William Anstey Former Treasurer | OfficerTrustee | 0.3 | $0 |
Phillip W Weaver Former President | OfficerTrustee | 0.3 | $0 |
Anthony Barker Executive Director Of Housing | Officer | 0.3 | $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 | $129,558 |
| Investment income | $1,524 |
| 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 | $131,082 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,303 |
| Fees for services: Legal | $433 |
| Fees for services: Accounting | $2,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,730 |
| Advertising and promotion | $284 |
| Office expenses | $1,458 |
| Information technology | $2,216 |
| Royalties | $0 |
| Occupancy | $97,765 |
| Travel | $1,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $171 |
| Interest | $1,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,184 |
| Insurance | $123 |
| All other expenses | $711 |
| Total functional expenses | $147,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,616 |
| Savings and temporary cash investments | $61,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,200 |
| 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 | $2,565 |
| Net Land, buildings, and equipment | $232,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $643 |
| Total assets | $408,272 |
| Accounts payable and accrued expenses | $75,790 |
| 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 | $160,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,881 |
| Total liabilities | $242,671 |
| Net assets without donor restrictions | $165,601 |
| 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 | $408,272 |