Revel Creek is located in Kalamazoo, MI. The organization was established in 2019. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Revel Creek employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revel Creek is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND HEALTHCARE TO RESIDENTS IN AN INDEPENDENT LIVING APARTMENT FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING AND HEALTHCARE TO RESIDENTS IN AN INDEPENDENT LIVING APARTMENT FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rex Bell Board Chair | OfficerTrustee | 1 | $0 |
William Millard Board Treasurer | OfficerTrustee | 1 | $0 |
Bob Miller Board Vice Chair | OfficerTrustee | 1 | $0 |
Jay Prince CEO | Officer | 1 | $0 |
Rachel Olmsted CFO | Officer | 1 | $0 |
Paul Barber Vice President Of Operations | Officer | 1 | $0 |
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 | $6,201 |
Investment income | $12,497 |
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 | $19,698 |
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 | $19,910 |
Pension plan accruals and contributions | $175 |
Other employee benefits | $1,096 |
Payroll taxes | $1,160 |
Fees for services: Management | $345,129 |
Fees for services: Legal | $6,803 |
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 | $423,202 |
Advertising and promotion | $568,451 |
Office expenses | $0 |
Information technology | $12,524 |
Royalties | $0 |
Occupancy | $11,713 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $41,650 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $32,412 |
Insurance | $0 |
All other expenses | $3,484 |
Total functional expenses | $1,494,077 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
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 | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $30,314 |
Net Land, buildings, and equipment | $38,994,804 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,882,806 |
Total assets | $51,907,924 |
Accounts payable and accrued expenses | $123,810 |
Grants payable | $0 |
Deferred revenue | $303,829 |
Tax-exempt bond liabilities | $49,513,071 |
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 | $3,984,079 |
Total liabilities | $53,924,789 |
Net assets without donor restrictions | -$2,016,865 |
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 | $51,907,924 |
Beg. Balance | $2,168,925 |
Earnings | -$280,425 |
Net Contributions | $35,511 |
Other Expense | $47,782 |
Ending Balance | $1,876,229 |
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