Grosse Pointe Housing Foundation
- Assets
- $51.1k
- Revenue
- $376.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-3976780
Organization Overview
Grosse Pointe Housing Foundation is located in Grosse Pointe Farms, MI. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grosse Pointe Housing Foundation 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 12/2022, Grosse Pointe Housing Foundation generated $376.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $380.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grosse Pointe Housing Foundation has awarded 1,033 individual grants totaling $3,052,792. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shery Cotton Member, Director | 0.25 | $0 | |
Sean Cotton Member, Director, Presiden | 0.25 | $0 | |
Jon Cotton Member, Director, Treasure | 0.25 | $0 | |
Michael Cotton Member, Director | 0.25 | $0 | |
Michael Stines Director, Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $360,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,589 |
| Total Revenue | $376,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,355 |
| Total operating and administrative expenses | $84,000 |
| Contributions, gifts, grants paid | $296,875 |
| Total expenses and disbursements | $380,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,103 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $400 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $558 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,061 |
| Accounts payable and accrued expenses | $35,300 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,300 |
Grants Awarded
Over the last fiscal year, Grosse Pointe Housing Foundation has awarded $296,875 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
ARNOLD PAYTON PURPOSE: HOUSING ASSISTANCE GRANT | $2,000 |
ASGHAR ISHAQ PURPOSE: HOUSING ASSISTANCE GRANT | $2,800 |
BAKER MARK PURPOSE: HOUSING ASSISTANCE GRANT | $4,800 |
BARRETT ELIZABETH PURPOSE: HOUSING ASSISTANCE GRANT | $2,000 |
BARKER AMBER PURPOSE: HOUSING ASSISTANCE GRANT | $3,600 |
BAZZI LENA PURPOSE: HOUSING ASSISTANCE GRANT | $1,200 |