Affordable Housing Alliance Midland County Non-Profit Housing Corp
- Assets
- $4.5m
- Revenue
- $543.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Midland, MI
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 38-3269965
Organization Overview
Affordable Housing Alliance Midland County Non-Profit Housing Corp is located in Midland, MI. The organization was established in 1996. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Affordable Housing Alliance Midland County Non-Profit Housing Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Alliance Midland County Non-Profit Housing Corp 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, Affordable Housing Alliance Midland County Non-Profit Housing Corp generated $543.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $394.4k during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP THE COMMUNITY SECURE AND MAINTAIN SAFE, AFFORDABLE HOUSING IN MIDLAND COUNTY FOR THOSE IN THE LOW AND VERY LOW INCOME POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUPLEXES AND HOUSES OWNED BY THE ORGANIZATION ARE RENTED TO LOW INCOME INDIVIDUALS AND FAMILIES.
DEVELOPMENT OF LOW INCOME HOUSING FOR RESIDENTS OF MIDLAND COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mara Stewart Executive Di | Officer | 40 | $60,000 |
Katie Brinklow Board Member | Trustee | 1 | $0 |
Robert Corbett Board Member | Trustee | 1 | $0 |
Nate Haines Treasurer | OfficerTrustee | 1 | $0 |
Shelley Hobbs President | OfficerTrustee | 1 | $0 |
Wally Mayton III Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,262 |
| Total Program Service Revenue | $117,161 |
| Investment income | $47,297 |
| 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 | $543,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,892 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $4,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $20,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,299 |
| Advertising and promotion | $0 |
| Office expenses | $11,408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,378 |
| Travel | $1,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,045 |
| Insurance | $7,390 |
| All other expenses | $275 |
| Total functional expenses | $394,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,697 |
| Savings and temporary cash investments | $614,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $303,018 |
| 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 | $0 |
| Net Land, buildings, and equipment | $798,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,257,902 |
| Intangible assets | $0 |
| Other assets | $319,967 |
| Total assets | $4,507,011 |
| Accounts payable and accrued expenses | $2,343 |
| Grants payable | $0 |
| Deferred revenue | $930,005 |
| 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 | $8,741 |
| Total liabilities | $941,089 |
| Net assets without donor restrictions | $3,565,922 |
| 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 | $4,507,011 |