Reece Endeavor Of Midland
- Assets
- $4.3m
- Revenue
- $802.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Midland, MI
- Founding
- 08/1964
- Data as of
- 12/2023
- EIN
- 38-6082605
Organization Overview
Reece Endeavor Of Midland is located in Midland, MI. The organization was established in 1964. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Reece Endeavor Of Midland employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reece Endeavor Of Midland 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, Reece Endeavor Of Midland generated $802.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $664.8k during the year ending 12/2023. While expenses have increased by 3.1% 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 MEET THE GROWING HOUSING NEEDS OF PEOPLE WITH SPECIAL NEEDS THROUGHOUT MIDLAND COUNTY - WE WANT TO OFFER THEM STABILITY AND AFFORDABILITY AND HELP THEM BECOME INTEGRATED INTO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REECE ENDEAVOR OF MIDLAND EXISTS TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES FOR PEOPLE WITH DISABILITIES IN THE MIDLAND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Popovich Director Of | Officer | 40 | $99,786 |
Maureen Donker Executive Di | Officer | 40 | $84,678 |
Dean Butler President | OfficerTrustee | 1 | $0 |
Darby Gwisdala Secretary | OfficerTrustee | 1 | $0 |
John Hollingsworth Director | Trustee | 1 | $0 |
Chrysa Milholland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $67,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,637 |
| Noncash contributions included in lines 1a–1f | $16,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,787 |
| Total Program Service Revenue | $427,258 |
| Investment income | $38,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $205,614 |
| Net Income from Fundraising Events | -$23,537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $802,557 |
| 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. | $212,115 |
| Compensation of current officers, directors, key employees. | $70,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,002 |
| Payroll taxes | $14,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,879 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,193 |
| Information technology | $2,963 |
| Royalties | $0 |
| Occupancy | $200,000 |
| Travel | $2,472 |
| 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 | $145,200 |
| Insurance | $33,900 |
| All other expenses | $565 |
| Total functional expenses | $664,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,364 |
| Savings and temporary cash investments | $75,064 |
| Pledges and grants receivable | $3,000 |
| Accounts receivable, net | $3,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,777 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,607,194 |
| Investments—publicly traded securities | $517,776 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $975,616 |
| Total assets | $4,330,231 |
| Accounts payable and accrued expenses | $7,517 |
| 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 | $0 |
| Total liabilities | $7,517 |
| Net assets without donor restrictions | $3,136,478 |
| Net assets with donor restrictions | $1,186,236 |
| 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 | $4,330,231 |