Core Community Partners
- Assets
- $4.5m
- Revenue
- $420.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bingham Farms, MI
- Founding
- Data as of
- 03/2022
- EIN
- 83-4273534
Organization Overview
Core Community Partners is located in Bingham Farms, MI. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Core Community Partners 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 03/2022, Core Community Partners generated $420.9k in total revenue. All expenses for the organization totaled $274.5k during the year ending 03/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CORE COMMUNITY PARTNERS HAS PROVIDED LOANS AND CONSULTING TO MULTIPLE ORGANIZATIONS THAT ARE FINANCING AND DEVELOPING AFFORDABLE HOUSING TRANSACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF CORE COMMUNITY PARTNERS IS TO PROVIDE TIMELY AND COST-EFFECTIVE LENDING, INVESTING, CONSULTING AND OTHER FINANCIAL SERVICES TO SUPPORT THE DEVELOPMENT AND RE-DEVELOPMENT OF AFFORDABLE HOUSING STOCK AND RELATED COMMUNITY ECONOMIC DEVELOPMENT IN ORDER TO INCREASE THE QUALITY OF LIFE IN LOW-INCOME COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy V Fox President | OfficerTrustee | 40 | $0 |
Martha Richardson Chairman | OfficerTrustee | 5 | $0 |
Steven Champa Secretary | OfficerTrustee | 5 | $0 |
Gregory Demars Treasurer | OfficerTrustee | 5 | $0 |
Brian A Gallaher Chief Financial Officer | Officer | 40 | $0 |
Andrew Martin Vice President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,000 |
| 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 | $200,000 |
| Total Program Service Revenue | $157,357 |
| Investment income | $63,588 |
| 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 | $420,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,500 |
| 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 | $0 |
| Fees for services: Legal | $7,473 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,810 |
| Advertising and promotion | $321 |
| Office expenses | $15,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $140,446 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,297 |
| All other expenses | $0 |
| Total functional expenses | $274,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,587,794 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,934 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,699,292 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,470,020 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $235,832 |
| 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 | $982,180 |
| Total liabilities | $1,218,012 |
| Net assets without donor restrictions | $0 |
| 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 | $3,252,008 |
| Total liabilities and net assets/fund balances | $4,470,020 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Core Community Partners has recieved totaling $6,000,000.
| Awarding Organization | Amount |
|---|---|
Mht Housing Inc Bingham Farms, MI PURPOSE: FURTHER ITS CDFI MISSION | $3,000,000 |
Mht Housing Inc Bingham Farms, MI PURPOSE: FURTHER ITS CDFI MISSION | $3,000,000 |
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 |