Stephenson Non Profit Housing Corporation
- Assets
- $960.5k
- Revenue
- $318.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Stephenson, MI
- Founding
- 05/1978
- Data as of
- 06/2024
- EIN
- 51-0153478
Organization Overview
Stephenson Non Profit Housing Corporation is located in Stephenson, MI. The organization was established in 1978. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Stephenson Non Profit Housing Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephenson Non Profit Housing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2024, Stephenson Non Profit Housing Corporation generated $318.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $343.0k during the year ending 06/2024. While expenses have increased by 2.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SENIOR AND DISABLED CITIZENS LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SAFE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Macco Director | Trustee | $0 | |
Wayne Mulzer Director | Trustee | $0 | |
Al Oczus Director | Trustee | $0 | |
Connie Westrich Director | Trustee | $0 | |
Deborah Chevalier Vice Preside | Officer | $0 | |
Joel Phillipo President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,211 |
| 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 | $119,211 |
| Total Program Service Revenue | $165,914 |
| Investment income | $19,843 |
| 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 | $318,747 |
| 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 | $131,491 |
| Pension plan accruals and contributions | $17,568 |
| Other employee benefits | $485 |
| Payroll taxes | $10,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $467 |
| Advertising and promotion | $719 |
| Office expenses | $10,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $20,559 |
| All other expenses | $8,598 |
| Total functional expenses | $343,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,030 |
| 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 | $3,636 |
| Net Land, buildings, and equipment | $676,210 |
| Investments—publicly traded securities | $243,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $960,505 |
| Accounts payable and accrued expenses | $26,051 |
| 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 | $31,775 |
| Total liabilities | $57,826 |
| Net assets without donor restrictions | $902,679 |
| 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 | $960,505 |