Community Catalysts Development Company
- Assets
- $2.6m
- Revenue
- $406.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Howell, MI
- Founding
- Data as of
- 12/2023
- EIN
- 84-4785990
Organization Overview
Community Catalysts Development Company is located in Howell, MI. 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. Community Catalysts Development Company 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 12/2023, Community Catalysts Development Company generated $406.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $342.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO ADD QUALITY, ATTAINABLE HOUSING THAT ALLOWS SENIORS, VETERANS, FORMERLY HOMELESS, AND PEOPLE WITH LOW INCOME TO THRIVE IN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUALITY AND ATTAINABLE HOUSING EITHER TEMPORARY OR PERMANENT FOR SENIORS, VETERANS, HOMELESS, AND/OR LOW-INCOME MEMBERS OF THE COMMUNITY. IN 2023, COMPLETED RENOVATIONS OF LOCAL MOTEL WHICH SERVES AS HOUSING FOR NEEDY MEMBERS OF THE COMMUNITY. DURING 2023, RECEIVED THE FOLLOWING DONATED SERVICES (VALUE): PROFESSIONAL SERVICES (15,000); VIDEOGRAPHY FOR OPEN HOUSE (400); SIGNAGE (3,543); PICNIC TABLES FOR OPEN HOUSE (1,350); CONSTRUCTION SERVICES (40,449); MAINTENANCE (1,175).
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Zilch Pres & Exec. | OfficerTrustee | 30 | $98,644 |
Mark Fishwick Secretary | OfficerTrustee | $0 | |
Chad Krumrei Director | Trustee | $0 | |
Becky Phelps Chair | OfficerTrustee | $0 | |
Craig Raycraft Director | Trustee | $0 | |
Kristen Stilson Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,220 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,813 |
| Total Program Service Revenue | $321,484 |
| Investment income | $553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,640 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,844 |
| 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. | $98,644 |
| Compensation of current officers, directors, key employees. | $4,932 |
| 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 | $60 |
| Fees for services: Accounting | $8,778 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,702 |
| Advertising and promotion | $9,128 |
| Office expenses | $2,804 |
| 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 | $135 |
| Interest | $39,227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,094 |
| Insurance | $6,423 |
| All other expenses | $4,721 |
| Total functional expenses | $341,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,583 |
| Savings and temporary cash investments | $5,483 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,388,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,586,784 |
| Accounts payable and accrued expenses | $22,198 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,572 |
| Total liabilities | $1,557,770 |
| Net assets without donor restrictions | $1,029,014 |
| 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 | $2,586,784 |