Affordable Housing Alliance Midland County Non-Profit Housing Corp
- Assets
- $4.5m
- Revenue
- $274.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Midland, MI
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 38-3269965
Organization Overview
Affordable Housing Alliance Midland County Non-Profit Housing Corp is located in Midland, MI. The organization was established in 1996. 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 12/2021, Affordable Housing Alliance Midland County Non-Profit Housing Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affordable Housing Alliance Midland County Non-Profit Housing Corp 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, Affordable Housing Alliance Midland County Non-Profit Housing Corp generated $274.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $376.1k 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 HELP THE COMMUNITY SECURE AND MAINTAIN SAFE, AFFORDABLE HOUSING IN MIDLAND COUNTY FOR THOSE IN THE LOW AND VERY LOW INCOME POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUPLEXES AND HOUSES OWNED BY THE ORGANIZATION ARE RENTED TO LOW INCOME INDIVIDUALS AND FAMILIES.
DEVELOPMENT OF LOW INCOME HOUSING FOR RESIDENTS OF MIDLAND COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Moomey Treasurer | OfficerTrustee | 1 | $0 |
Shelley Hobbs President/se | OfficerTrustee | 1 | $0 |
Roger Mikusek Executive Di | Officer | 40 | $0 |
David Keyser Board Member | Trustee | 1 | $0 |
Nancy Brown Board Member | Trustee | 1 | $0 |
Jeff Dyer Board Member | Trustee | 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 | $125,620 |
| Investment income | $39,600 |
| 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 | $274,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,312 |
| 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 | $117,438 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,013 |
| Fees for services: Management | $50,489 |
| Fees for services: Legal | $3,125 |
| Fees for services: Accounting | $11,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,124 |
| Advertising and promotion | $0 |
| Office expenses | $4,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,801 |
| Travel | $1,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,832 |
| Insurance | $21,709 |
| All other expenses | $0 |
| Total functional expenses | $376,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,007 |
| Savings and temporary cash investments | $623,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $246,297 |
| 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 | $953,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,303,014 |
| Intangible assets | $0 |
| Other assets | $288,509 |
| Total assets | $4,488,499 |
| Accounts payable and accrued expenses | $8,573 |
| Grants payable | $0 |
| Deferred revenue | $926,250 |
| 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 | $11,549 |
| Total liabilities | $946,372 |
| Net assets without donor restrictions | $3,542,127 |
| 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 | $4,488,499 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Affordable Housing Alliance Midland County Non-Profit Housing Corp has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Midland Area Community Foundation Midland, MI PURPOSE: COMMUNITY | $10,000 |
Midland Area Community Foundation Midland, MI PURPOSE: COMMUNITY | $10,000 |
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 |