Skip to content
Nonprofiteer
← TRUENORTH CENTER FOR NONPROFIT HOUSING

Form 990 for tax year 2022

Filed by TRUENORTH CENTER FOR NONPROFIT HOUSING.

Totals

Total revenue
$462,627
Total expenses
$536,552
Contributions and grants received
$400,900
Grants paid
$0
Program service revenue
$63,489
Investment income
-$1,895
Other revenue
$133
Total assets, end of year
$1,027,094
Total liabilities, end of year
$113,113
Net assets or fund balances, end of year
$913,981
Program services expenses (Part IX)
$462,972
Management and general expenses
$73,580
Fundraising expenses
$0
Program service expenses (Part III)
$462,972

Program services were 86.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $392,017

  • 1f · All other contributions, gifts and grants

    $8,883

  • 2a · Program service revenue: RENTAL RECEIPTS

    total $44,503 · related or exempt $44,503

  • 2b · Program service revenue: FEES

    total $17,986 · related or exempt $17,986

  • 2c · Program service revenue: REIMBURSEMENTS

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total -$1,895 · excluded -$1,895

  • 11a · Other revenue: MISCELLANEOUS

    total $133 · related or exempt $133

  • 11e · Other revenue, total

    $133

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $94,638 · program services $94,638

  • 8 · Pension plan contributions

    total $1,668 · program services $1,668

  • 9 · Other employee benefits

    total $18,776 · program services $18,003 · management and general $773

  • 10 · Payroll taxes

    total $7,341 · program services $7,341

  • 11a · Fees: management

    total $12,270 · program services $12,270

  • 11b · Fees: legal

    total $2,493 · program services $2,473 · management and general $20

  • 11c · Fees: accounting

    total $5,154 · management and general $5,154

  • 11g · Fees: other

    total $298 · management and general $298

  • 12 · Advertising and promotion

    total $3,394 · program services $495 · management and general $2,899

  • 13 · Office expenses

    total $1,588 · program services $920 · management and general $668

  • 14 · Information technology

    total $16,203 · program services $595 · management and general $15,608

  • 17 · Travel

    total $1,344 · program services $1,344

  • 22 · Depreciation, depletion and amortization

    total $19,429 · program services $19,429

  • 23 · Insurance

    total $7,331 · program services $1,741 · management and general $5,590

  • 24a · Other expenses: SPECIFIC PROGRAM EXPENS

    total $248,606 · program services $248,606

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $49,550 · program services $49,550

  • 24c · Other expenses: INDIRECT EXPENSES

    total $37,813 · management and general $37,813

  • 24d · Other expenses: MISCELLANEOUS

    total $8,656 · program services $3,899 · management and general $4,757

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,485 · end of year $3,655

  • 4 · Accounts receivable

    beginning of year $88,932 · end of year $26,200

  • 7 · Other notes and loans receivable

    beginning of year $590,564 · end of year $587,894

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,700 · end of year $8,457

  • 10a · Land, buildings and equipment: cost or other basis

    $616,465

  • 10b · Land, buildings and equipment: accumulated depreciation

    $399,556

  • 10c · Land, buildings and equipment, net

    beginning of year $236,337 · end of year $216,909

  • 11 · Investments: publicly traded securities

    beginning of year $192,440 · end of year $134,834

  • 15 · Other assets

    beginning of year $49,043 · end of year $49,145

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,364 · end of year $60,119

  • 23 · Secured mortgages and notes payable

    beginning of year $62,993 · end of year $40,100

  • 25 · Other liabilities

    beginning of year $3,998 · end of year $12,894

  • 27 · Net assets without donor restrictions

    beginning of year $677,667 · end of year $596,357

  • 28 · Net assets with donor restrictions

    beginning of year $343,479 · end of year $317,624

Mission and programs · 2022

Mission

NCCS CNH IS A RURAL NON-PROFIT HOUSING ORGANIZATION COMMITTED TO ASSURING ALL MEMBERS OF OUR COMMUNITY HAVE ACCESS TO QUALITY AFFORDABLE HOUSING. CNH PROVIDES COUNSELING, EDUCATION, AND FINANCIAL ASSISTANCE FOR CLOSING COSTS AND RENOVATIONS TO LOW TO MODERATE INCOME FAMILIES PURCHASING A NEW HOME. CNH OWNS 114 UNITS OR RENTALS FOR LOW TO MODERATE INCOME FAMILIES.

  • HOUSING DEVELOPMENT - ASSISTING LOW INCOME FAMILIES WITH THE MAINTENANCE OF SINGLE FAMILY HOMES BY PROVIDING VALUABLE RENOVATIONS TO AN AVERAGE OF 30 FAMILIES PER YEAR. COLLABORATION WITH LOCAL MUNICIPALITIES AND OTHER AGENCIES STRENGTHENS RELATIONSHIPS IN BUILDING HEALTHY COMMUNITIES FOR ALL.

    Expenses $310,448 · Revenue $18,986

  • HOUSING EDUCATION - PROMOTES THE GROWTH OF COMMUNITITES BY EDUCATING PEOPLE IN UNDERSTANDING CREDIT, THE VALUE OF BUDGETING, LIVING WITHIN THEIR MEANS, THE RESPONSIBILITY OF HOMEOWNERSHIP, AND HOW TO MAKE GOOD FINANCIAL DECISIONS. WE ENCOURAGE THEM TO BE INVOLVED IN THEIR COMMUNITITES AND MOTIVATED IN MAINTAINING THEIR HOMES/APARTMENTS. COMMUNITY CLASSES INVOLVING LOCAL BUSINESSES ARE OPEN TO THE PUBLIC FREE OF CHARGE AND TRAIN PARTICIPANTS TO DO MORE FOR THEMSELVES. CNH PROVIDES FAMILIES IN THE EIGHT COUNTY SERVICE AREAS WITH FORECLOSURE PREVENTION EDUCATION AND ASSISTANCE, WHICH IS CRITICAL IN KEEPING FAMILIES IN THEIR HOMES.

    Expenses $78,303

  • RETIREMENT RENTAL - PROVIDING ELDERLY RENTERS WITH AN AFFORDABLE APARTMENT TO RENT.

    Expenses $71,573 · Revenue $44,636

  • TOWNHOUSE CONSTRUCTION - CNH WAS WORKING TO EXPAND THE FREMONT TOWNHOUSE PROJECT HOWEVER THE PROJECT HAS BEEN HALTED GOING FORWARD.

    Expenses $2,648

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carrie Vandenberg

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 5 related

  • Gene Ford

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jane Newton

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jim Merkel

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5 + 5 related

  • Julie Berwald

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Kate Scarbrough-Kesteloot

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Lora Stevens

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Larry Yachcik

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Kelly Wagonmaker

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Beverly Cassidy

    PRESIDENT/CEO

    Total calculated
    $193,465
    From this org
    $0
    From related orgs
    $181,566
    Other
    $11,899
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,566 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,631 related
    Nontaxable benefits
    $0 + $8,268 related
    Filer's total
    $0 + $193,465 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
AN EVALUATION IS COMPLETED ANNUALLY FOR ALL SENIOR MANAGMENT STAFF. THE EXECUTIVE DIRECTOR'S EVALUATION IS COMPLETED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR THE EXECUTIVE DIRECTOR AND SENIOR MANAGEMENT STAFF EVALUATION PROCESSES. ALL OTHER SENIOR MANAGMENT ANNUAL REVIEWS ARE COMPLETED BY THEIR IMMEDIATE SUPERVISOR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FREMONT TOWNHOUSES LDHALP

    RELATED · LOW INC HS · MI · general or managing partner

    Directly controlled by FREMONT

  • MEADOW HILLS LDHALP

    RELATED · LOW INC HS · MI · general or managing partner

  • SENIOR WEDGEWOOD LDHALP

    RELATED · LOW INC HS · MI · general or managing partner

  • CHAPITA HILLS LDHALP

    RELATED · LOW INC HS · MI

Provenance

Return type
form_990
Tax year
2022
Filed
17 July 2023
IRS schema version
2022v5.0
Source object
202332069349301108

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.