Blue Water Development Housing Inc
- Assets
- $7.0m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 367
- Location
- Marysville, MI
- Founding
- 03/1982
- Data as of
- 09/2021
- EIN
- 38-2140797
Organization Overview
Blue Water Development Housing Inc is located in Marysville, MI. The organization was established in 1982. As of 09/2021, Blue Water Development Housing Inc employed 367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Water Development Housing Inc 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 09/2021, Blue Water Development Housing Inc generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $11.8m during the year ending 09/2021. While expenses have increased by 8.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTED LIVING FOR THE DEVELOPMENTALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMS PROVIDE COMPREHENSIVE RESIDENTIAL SERVICES FOR DEVELOPMENTALLY AND EMOTIONALLY IMPAIRED. THE PROGRAM MAINTAINS THIRTEEN HOMES AND PROVIDES IN-HOME CARE TO SEVERAL INDIVIDUALS.
N/A
N/A
THE PROGRAMS PROVIDE COMPREHENSIVE RESIDENTIAL SERVICES FOR DEVELOPMENTALLY AND EMOTIONALLY IMPAIRED. THE PROGRAM MAINTAINS THIRTEEN HOMES AND PROVIDES IN-HOME CARE TO SEVERAL INDIVIDUALS.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Swantek Executive Director | Officer | 40 | $121,457 |
Bonnie Barrett Secretary | Officer | 0.38 | $0 |
Rebecca Caldwell Treasurer | Officer | 0.38 | $0 |
Kathrine Jackson-Drewek President | Officer | 0.38 | $0 |
Kristine Edie Vice President | Officer | 0.38 | $0 |
David Little Director | Trustee | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,812 |
| Related organizations | $0 |
| Government grants | $2,077,548 |
| 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 | $2,082,360 |
| Total Program Service Revenue | $11,281,085 |
| Investment income | $31,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,367 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,592,557 |
| 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. | $134,457 |
| Compensation of current officers, directors, key employees. | $134,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,749,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,099,955 |
| Payroll taxes | $669,019 |
| Fees for services: Management | $10,635 |
| Fees for services: Legal | $8,321 |
| Fees for services: Accounting | $69,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,948 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,662 |
| Office expenses | $8,422 |
| Information technology | $31,074 |
| Royalties | $0 |
| Occupancy | $224,186 |
| Travel | $93,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,961 |
| Insurance | $31,438 |
| All other expenses | $3,225 |
| Total functional expenses | $11,751,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,188,994 |
| Savings and temporary cash investments | $2,118,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,424,446 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $123,183 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $108,855 |
| Net Land, buildings, and equipment | $207,030 |
| Investments—publicly traded securities | $1,715,558 |
| Investments—other securities | $0 |
| Investments—program-related | $52,084 |
| Intangible assets | $0 |
| Other assets | $82,639 |
| Total assets | $7,021,558 |
| Accounts payable and accrued expenses | $1,228,421 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $82,639 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $72,989 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,702 |
| Total liabilities | $1,548,751 |
| Net assets without donor restrictions | $5,420,723 |
| Net assets with donor restrictions | $52,084 |
| 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 | $7,021,558 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blue Water Development Housing Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
United Way Of St Clair County Port Huron, MI PURPOSE: HEALTH & WELFARE | $7,500 |
Endowment Analysis
| Beg. Balance | $43,296 |
| Earnings | $9,343 |
| Other Expense | $555 |
| Ending Balance | $52,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alvis Inc Columbus, OH | $23,086,637 | $39,918,984 |
Blue Water Development Housing Inc Marysville, MI | $7,021,558 | $13,592,557 |
Lifebuilders Detroit, MI | $4,777,776 | $2,593,675 |
Mommy And Me Too Inc Cleveland, OH | $477,465 | $1,361,664 |
Carter House Youngstown, OH | $41,785 | $678,657 |
God Is Faithful Temporary Shelter Janesville, WI | $1,890,290 | $743,429 |
St Vincent De Paul Housing Facilities Inc Newark, OH | $2,072,481 | $651,549 |
Nia Imani Family Inc Milwaukee, WI | $758,181 | $485,904 |
The House Of Promise Lansing, MI | $580,582 | $482,905 |
Home With Hope Inc Lafayette, IN | $0 | $299,549 |
Robert E Berry Halfway House Inc Fond Du Lac, WI | $278,840 | $352,951 |
Pax House Cincinnati, OH | $32,811 | $300,803 |