Midland Area Homes Inc
- Assets
- $1.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Midland, MI
- Founding
- 08/1971
- Data as of
- 09/2022
- EIN
- 38-1913233
Organization Overview
Midland Area Homes Inc, operating under the name Home To Stay Housing Assistance Ctr, is located in Midland, MI. The organization was established in 1971. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Home To Stay Housing Assistance Ctr employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home To Stay Housing Assistance Ctr 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 09/2022, Home To Stay Housing Assistance Ctr generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $4.0m during the year ending 09/2022. While expenses have increased by 30.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE HELP MIDLAND COUNTY RESIDENTS IN NEED SUSTAIN STABLE HOUSING THROUGH EDUCATION, ADVOCACY AND SUPPORT SERVICES, PROMOTING SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST LOW INCOME FAMILIES & LOW INCOME SENIORS TO REMAIN IN THEIR HOMES BY DOING MINOR HOME REPAIRS.
ASSIST LOW INCOME MIDLAND COUNTY RESIDENTS TO PREVENT IMMINENT HOUSING LOSS AND HOMELESSNESS. FAMILIES CONTINUE TO WORK WITH A CASEWORKER WITH THE ULTIMATE GOAL OF IMPROVING SELF-SUFFICIENCY TO MAINTAIN STABLE AND SUITABLE HOUSING OVER TIME.
HELP LOW INCOME FAMILIES FURNISH THEIR HOMES BY DISTRIBUTING DONATED FURNITURE FREE OF CHARGE.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna St John Executive Di | Officer | 40 | $62,968 |
Tamara Mcgovern President | OfficerTrustee | 1 | $0 |
Chris Shirk Secretary | OfficerTrustee | 1 | $0 |
Jim Bellor Treasurer | OfficerTrustee | 1 | $0 |
Adam Heinrich Director | Trustee | 1 | $0 |
Jose Deleon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $220,875 |
| Membership dues | $0 |
| Fundraising events | $25,830 |
| Related organizations | $0 |
| Government grants | $3,283,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,919 |
| Noncash contributions included in lines 1a–1f | $13,525 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,699,372 |
| Total Program Service Revenue | $0 |
| Investment income | $17,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,667 |
| Net Income from Fundraising Events | -$187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,716,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,159 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,970 |
| Compensation of current officers, directors, key employees. | $13,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,960 |
| Payroll taxes | $35,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,606 |
| Office expenses | $11,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,244 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,406 |
| Insurance | $9,828 |
| All other expenses | $5,664 |
| Total functional expenses | $4,046,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,448 |
| Savings and temporary cash investments | $49,425 |
| Pledges and grants receivable | $60,364 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,719 |
| Prepaid expenses and deferred charges | $6,579 |
| Net Land, buildings, and equipment | $628,226 |
| Investments—publicly traded securities | $218,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,332,023 |
| Accounts payable and accrued expenses | $17,667 |
| 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 | $17,667 |
| Net assets without donor restrictions | $1,284,071 |
| Net assets with donor restrictions | $30,285 |
| 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 | $1,332,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midland Area Homes Inc has recieved totaling $10,985.
| Awarding Organization | Amount |
|---|---|
Midland Area Community Foundation Midland, MI PURPOSE: COMMUNITY | $10,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
People Working Cooperatively Inc Cincinnati, OH | $8,365,996 | $9,385,088 |
Milwaukee Christian Center Inc Milwaukee, WI | $3,288,591 | $4,601,547 |
Midland Area Homes Inc Midland, MI | $1,332,023 | $3,716,670 |
East Akron Neighborhood Development Corporation Akron, OH | $35,988,464 | $4,723,818 |
Home Repair Services Of Kent County Inc Grand Rapids, MI | $2,849,278 | $3,292,251 |
Nari Milwaukee Inc Wauwatosa, WI | $1,527,248 | $1,389,578 |
Revitalize Milwaukee Inc Milwaukee, WI | $1,980,667 | $1,764,103 |
Home Improvement Research Institute Indianapolis, IN | $972,708 | $1,192,557 |
Near East Area Renewal Inc Indianapolis, IN | $5,123,565 | $993,916 |
Centennial Falcon Properties Inc Bowling Green, OH | $14,113,437 | $0 |
Interfaith Home Maintenance Service Inc Youngstown, OH | $0 | $522,403 |
Morrow County Services For Older Citizens Inc Mt Gilead, OH | $930,239 | $683,244 |