Grand Rapids Alliance Of Cooperative Communities
- Assets
- $764.8k
- Revenue
- $332.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Rapids, MI
- Founding
- Data as of
- 12/2023
- EIN
- 46-1106456
Organization Overview
Grand Rapids Alliance Of Cooperative Communities is located in Grand Rapids, MI. 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. Grand Rapids Alliance Of Cooperative Communities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE AFFORDABLE, COOPERATIVE HOUSING FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Feister President | OfficerTrustee | 20 | $0 |
JD Sullivan Secretary | OfficerTrustee | 5 | $0 |
Cathy Dopp Treasurer (thru August) | OfficerTrustee | 10 | $0 |
Gibson Glass Treasurer (october Thru November) | OfficerTrustee | 5 | $0 |
Kaylin Gunneson Treasurer (from November) | OfficerTrustee | 5 | $0 |
Jacob Schwitters House Representative | Trustee | 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 | $320,244 |
| Investment income | $4 |
| 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 | $332,248 |
| 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 | $9,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,510 |
| Fees for services: Accounting | $2,364 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,185 |
| Office expenses | $10,736 |
| Information technology | $2,410 |
| Royalties | $0 |
| Occupancy | $259,469 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,358 |
| Insurance | $0 |
| All other expenses | $16,772 |
| Total functional expenses | $330,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,487 |
| Savings and temporary cash investments | $8,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,550 |
| 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 | $713,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $764,766 |
| Accounts payable and accrued expenses | $189,693 |
| 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 | $654,060 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,156 |
| Total liabilities | $861,909 |
| Net assets without donor restrictions | -$97,143 |
| 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 | $764,766 |