Bgc-Ii Nonprofit Housing Corporation
- Assets
- $16.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Okemos, MI
- Founding
- 03/1993
- Data as of
- 12/2021
- EIN
- 38-3080448
Organization Overview
Bgc-Ii Nonprofit Housing Corporation is located in Okemos, MI. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bgc-Ii Nonprofit Housing Corporation 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 12/2021, Bgc-Ii Nonprofit Housing Corporation generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME IN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BGC-II PROVIDES 214 RENTAL UNITS TO PERSONS OF LOW TO MODERATE INCOME. THE ORGANIZATION ALSO PROVIDES SOCIAL AND RECREATIONAL FACILITIES TO SERVE THE RESIDENTIAL AREA.
INCOME FROM THIS PROJECT AND MSHDA FUNDS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING AND MIDLAND AREA HOMES TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE EXEMPT PURPOSE OF BGC-II GREENHILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Schwartz Treasurer | OfficerTrustee | 1 | $0 |
Richard Kerbawy President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,041,514 |
| Investment income | $1,373 |
| 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 | $2,042,887 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $122,148 |
| Fees for services: Legal | $17,669 |
| Fees for services: Accounting | $18,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $201,651 |
| Advertising and promotion | $15,793 |
| Office expenses | $55,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $281,649 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $256,138 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $741,592 |
| Insurance | $191,572 |
| All other expenses | $3,281 |
| Total functional expenses | $2,348,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $798,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,174 |
| 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 | $30,889 |
| Net Land, buildings, and equipment | $15,072,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $575,477 |
| Total assets | $16,528,161 |
| Accounts payable and accrued expenses | $195,058 |
| Grants payable | $0 |
| Deferred revenue | $10,875 |
| 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 | $7,416,446 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,061,275 |
| Total liabilities | $8,683,654 |
| Net assets without donor restrictions | $7,844,507 |
| 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 | $16,528,161 |
Grants Awarded
Over the last fiscal year, Bgc-Ii Nonprofit Housing Corporation has awarded $1,257,874 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lansing, MI PURPOSE: TO PROVIDE ASSISTANCE WITH THEIR DAY TO DAY ACTIVITIES. | $1,253,000 |
Midland, MI PURPOSE: TO PROVIDE ASSISTANCE WITH THEIR DAY TO DAY ACTIVITIES. | $4,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bgc-Ii Nonprofit Housing Corporation has recieved totaling $233,616.
| Awarding Organization | Amount |
|---|---|
Bgc Nonprofit Housing Corporation Okemos, MI PURPOSE: TO HELP WITH SIGNIFICANT REPAIRS AND MAINTENANCE | $233,616 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Buckeye Community Hope Foundation Columbus, OH | $50,429,521 | $11,276,532 |
Caracole Inc Cincinnati, OH | $7,131,053 | $11,567,326 |
Taylor Community Development Corp Taylor, MI | $29,334,174 | $14,242,807 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |
Western Reserve Revitalization & Management Co Cleveland, OH | $81,496,475 | $17,708,509 |
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Mht Housing Inc Bingham Farms, MI | $103,750,395 | $19,352,676 |