U Snap Bac Inc
- Assets
- $660.2k
- Revenue
- $852.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Detroit, MI
- Founding
- 12/1993
- Data as of
- 09/2022
- EIN
- 38-2810323
Organization Overview
U Snap Bac Inc is located in Detroit, MI. The organization was established in 1993. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, U Snap Bac Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. U Snap Bac 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 09/2022, U Snap Bac Inc generated $852.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $981.6k during the year ending 09/2022. While expenses have increased by 21.0% 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
PROVIDE LOW MODERATE HOUSING FOR LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF LOW AND MODERATE HOUSING FOR LOW INCOME FAMILIES AND PROVIDE ADMINISTRATIVE SERVICES, SUCH AS COUNSELING TO LOCAL BUSINESSES AND LOW INCOME FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Smith Executive Director | Officer | 50 | $109,000 |
Mary Finch Secretary | OfficerTrustee | 1 | $0 |
Eric Dueweke Chairman | OfficerTrustee | 1 | $0 |
Richard Cunningham Vice Chairman | OfficerTrustee | 1 | $0 |
Marjorie Henry Member | Trustee | 1 | $0 |
Beverly Kindle-Walker Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $513,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,682 |
| Total Program Service Revenue | $168,624 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,583 |
| 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 | $852,889 |
| 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. | $109,000 |
| Compensation of current officers, directors, key employees. | $21,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,745 |
| Payroll taxes | $100,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,199 |
| Fees for services: Accounting | $11,902 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,786 |
| Office expenses | $20,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,199 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,889 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,481 |
| Insurance | $8,199 |
| All other expenses | $8,932 |
| Total functional expenses | $981,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $306,121 |
| 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 | $49,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $660,187 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $660,187 |
| 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 | $660,187 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that U Snap Bac Inc has recieved totaling $170,383.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: EMERGENCY ACTION FOR RESIDENTS & PARTNERS STABILITY | $140,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $24,750 |
Human-I-T Bell, CA PURPOSE: DESKTOPS & LAPTOPS | $5,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Travaux Inc Milwaukee, WI | $20,871,575 | $29,083,823 |
University Village Housing Inc Green Bay, WI | $28,254,095 | $5,543,891 |
Rescue Mission Of Mahoning Valley Youngstown, OH | $10,421,726 | $4,223,090 |
Community Teaching Homes Inc Holland, OH | $1,337,006 | $2,516,239 |
Aya Youth Collective Grand Rapids, MI | $3,689,480 | $2,215,318 |
Community Care Organization Detroit, MI | $2,287,842 | $993,117 |
U Snap Bac Inc Detroit, MI | $660,187 | $852,889 |
Future Choices Inc Muncie, IN | $2,713,745 | $998,076 |
Springhill Housing Corporation Troy, MI | $5,265,545 | $1,342,262 |
Cots Inc Appleton, WI | $2,402,736 | $1,044,365 |
Live Rite Structured Recovery Corp Clay, MI | $1,037,743 | $826,023 |
Walking With Jesus Ministries South Bend, IN | $250,753 | $680,819 |