Better Way Detroit
- Assets
- $274.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grosse Pointe Woods, MI
- Founding
- Data as of
- 12/2021
- EIN
- 84-4915322
Organization Overview
Better Way Detroit is located in Grosse Pointe Woods, MI. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Way Detroit 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, Better Way Detroit generated $107.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $59.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DIGNITY TO THE HOMELESS THROUGH WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Spezia Secretary And Director | 1 | $0 | |
Michael Kotwick President And Director | 6 | $0 | |
FR Marko Djonovic Director | 1 | $0 | |
Rosemary Kirt Director | 1 | $0 | |
Alan Manley Director | 1 | $0 | |
Carol Willard Treasurer And Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,682 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $107,682 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,380 |
| Professional fees and other payments to independent contractors | $7,819 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,483 |
| Total expenses | $59,682 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $247,064 |
| Other assets | $0 |
| Total assets | $274,411 |
| Total liabilities | $48 |
| Net assets or fund balances | $274,363 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Better Way Detroit has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Acton Institute For The Study Of Religion And Liberty Grand Rapids, MI PURPOSE: Organization support | $50,000 |
Comerica Charitable Tr Detroit, MI PURPOSE: FOR THE ORGANIZATION'S GENERAL CHARITABLE PURPOSES | $10,000 |
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Michigan Organization On Adolescent Sexual Health East Lansing, MI | $649,332 | $992,442 |
Michigan Breastfeeding Network Lansing, MI | $337,188 | $833,068 |
Ohio Council Of Information And Referral Providers Youngstown, OH | $177,503 | $893,530 |
Lifelong Advocacy Inc Clinton Township, MI | $2,064,675 | $759,728 |
Satori Foundation Akron, OH | $77,560 | $569,798 |