Taeckens Terrace Nonprofit Christian Ministries
- Assets
- $3.3m
- Revenue
- $468.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fenton, MI
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 38-3328071
Organization Overview
Taeckens Terrace Nonprofit Christian Ministries is located in Fenton, MI. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Taeckens Terrace Nonprofit Christian Ministries 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, Taeckens Terrace Nonprofit Christian Ministries generated $468.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $746.1k 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 PROVIDE RENTAL ASSISTANCE TO ELIGIBLE ELDERLY INDIVIDUALS TO OBTAIN DECENT, SAFE, AND SANITARY HOUSING UNDER HUD SECTION 202 CAPITAL ADVANCE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF APARTMENTS TO SENIOR CITIZENS. 91 APARTMENTS WERE RENTED DURING THE 12 MONTHS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Thomas Hards President | OfficerTrustee | 1 | $0 |
Joan Peterson Smith Vice Preside | OfficerTrustee | 1 | $0 |
Nancy Ballard Secretary | OfficerTrustee | 1 | $0 |
Kenneth Ballard Treasurer | OfficerTrustee | 1 | $0 |
Julie Pray Director | Trustee | 1 | $0 |
Shiela Logan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,390 |
| 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 | $157,390 |
| Total Program Service Revenue | $310,586 |
| Investment income | $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 | $468,349 |
| 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 | $8,844 |
| Payroll taxes | $13,864 |
| Fees for services: Management | $156,365 |
| Fees for services: Legal | $244 |
| Fees for services: Accounting | $7,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,156 |
| Travel | $0 |
| 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 | $139,983 |
| Insurance | $0 |
| All other expenses | $20,236 |
| Total functional expenses | $746,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262 |
| Savings and temporary cash investments | $725,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,608,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,345,632 |
| Accounts payable and accrued expenses | $85,945 |
| Grants payable | $0 |
| Deferred revenue | $942 |
| 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 | $6,327,679 |
| Total liabilities | $6,414,566 |
| Net assets without donor restrictions | -$3,068,934 |
| 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 | $3,345,632 |
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Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
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El Barrio Inc Cleveland, OH | $2,618,772 | $3,994,510 |
Greater Green Bay Habitat For Humanity Green Bay, WI | $9,776,168 | $3,142,134 |