Jas Non Profit Housing Corporation Vi
- Assets
- $12.9m
- Revenue
- $4.5m
- Investments
- $4.1m
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 02/2000
- Data as of
- 05/2023
- EIN
- 38-3487987
Organization Overview
Jas Non Profit Housing Corporation Vi, operating under the name Meer, is located in Southfield, MI. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Meer 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 05/2023, Meer generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.1m during the year ending 05/2023. While expenses have increased by 4.4% per year over the past 8 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
WE NURTURE A SENSE OF COMMUNITY AND ENRICH THE LIVES OF OLDER ADULTS, WHILE EMBRACING JEWISH VALUES AND CELEBRATING LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SAFE, SANITARY HOUSING FOR THE ELDERLY AND ENHANCES THEIR QUALITY OF LIFE WITH CONGREGATE AND SUPPORTIVE SERVICES, INCLUDING MEALS AND ACTIVITIES. THE PROGRAM MAINTAINS APPROXIMATELY 200 APARTMENTS FOR SENIORS.
RESIDENT SERVICES COORDINATOR - SERVICE COORDINATORS ARE AN INTEGRAL PART OF RESIDENTIAL COMMUNITIES THAT HOUSE FAMILIES, ELDERS AND PERSONS WITH DISABILITIES. THEY LINK RESIDENTS WITH SUPPORTIVE SERVICES ALLOWING THEM TO MAINTAIN SELF SUFFICIENCY IN THEIR HOMES. SOME OF THE TYPICAL SERVICES ARRANGED ON BEHALF OF THE RESIDENTS INCLUDE: MEALS, TRANSPORTATION, HEALTH CARE, AND HOMEMAKING AS WELL AS OTHER HEALTH AND SUPPORTIVE SERVICES. SERVICE COORDINATORS ALSO PROVIDE GROUP SUPPORTIVE INTERVENTIONS, ONGOING GRIEF COUNSELING AND CRISIS INTERVENTION FOR RESIDENTS, FAMILIES AND THE GREATER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Kowalsky President | OfficerTrustee | 1 | $0 |
Brian Raznick Vice President | OfficerTrustee | 1 | $0 |
Alan Sternfeld Vice President | OfficerTrustee | 1 | $0 |
Jeffrey Fleischman Secretary | OfficerTrustee | 1 | $0 |
Carolyn Cohen Vice President | OfficerTrustee | 1 | $0 |
Michael Banks Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jewish Home Services Inc Management And Food Services | 5/30/23 | $1,608,423 |
Jewish Apartments And Services Inc Payroll Services | 5/30/23 | $794,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $37,795 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,932 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,727 |
| Total Program Service Revenue | $3,991,853 |
| Investment income | $128,478 |
| 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 | $4,463,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,562 |
| 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 | $565,199 |
| Pension plan accruals and contributions | $15,235 |
| Other employee benefits | $75,445 |
| Payroll taxes | $48,178 |
| Fees for services: Management | $367,969 |
| Fees for services: Legal | $3,015 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394,931 |
| Advertising and promotion | $146,412 |
| Office expenses | $83,868 |
| Information technology | $34,893 |
| Royalties | $0 |
| Occupancy | $523,827 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $507 |
| Interest | $548,387 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $730,131 |
| Insurance | $0 |
| All other expenses | $6,229 |
| Total functional expenses | $5,105,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,672,583 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,256 |
| 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 | $41,883 |
| Net Land, buildings, and equipment | $5,659,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,141,553 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,515 |
| Total assets | $12,854,717 |
| Accounts payable and accrued expenses | $213,112 |
| Grants payable | $0 |
| Deferred revenue | $13,390 |
| 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 | $9,677,776 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $334,031 |
| Total liabilities | $10,238,309 |
| Net assets without donor restrictions | -$1,049,424 |
| Net assets with donor restrictions | $3,665,832 |
| 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 | $12,854,717 |
Grants Awarded
Over the last fiscal year, Jas Non Profit Housing Corporation Vi has awarded $340,310 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JFA NON-PROFIT HOUSING CORPORATION PURPOSE: TO SUBSIDIZE PROGRAM INCOME | $66,818 |
JSL FOUNDATION PURPOSE: TO SUBSIDIZE PROGRAM INCOME | $273,492 |