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Nonprofiteer
← KALAMAZOO AREA HOUSING CORPORATION

Form 990 for tax year 2023

Filed by KALAMAZOO AREA HOUSING CORPORATION.

Totals

Total revenue
$51,099
Total expenses
$25,643
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$51,099
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,028,896
Total liabilities, end of year
$1,302,004
Net assets or fund balances, end of year
$726,892
Program services expenses (Part IX)
$25,643
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$25,643

Program services were 100.0% 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.

  • 2a · Program service revenue: HOUSING LOAN INTEREST

    total $51,099 · related or exempt $51,099

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $25,185 · program services $25,185

  • 24a · Other expenses: REAL ESTATE TAXES

    total $458 · program services $458

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,927 · end of year $1,872

  • 3 · Pledges and grants receivable

    beginning of year $43,412 · end of year $43,009

  • 7 · Other notes and loans receivable

    beginning of year $1,922,916 · end of year $1,974,015

  • 15 · Other assets

    beginning of year $10,000 · end of year $10,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,735 · end of year $1,735

  • 23 · Secured mortgages and notes payable

    beginning of year $1,275,084 · end of year $1,300,269

  • 27 · Net assets without donor restrictions

    beginning of year $701,436 · end of year $726,892

Mission and programs · 2023

Mission

FACILITATES THE DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING PROJECTS.

Activities or mission (Part I)

FACILITATES THE DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING PROJECTS

  • FACILITATE AND MANAGE LOANS FOR LOW INCOME HOUSING TO AID LOW AND MODERATE INCOME PERSONS IN OBTAINING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, ON A NONPROFIT BASIS.

    Expenses $25,643 · Revenue $51,099

As filed on the 2023 return.

Listed in Part VII

  • David Jarl

    PRESIDENT (ENDED 01/25/23)

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Cynthia Ortega

    PRESIDENT (01/25/23-11/28/23)

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Michelle Davis

    SECRETARY/TREASURER

    Total calculated
    $116,970
    From this org
    $0
    From related orgs
    $101,607
    Other
    $15,363
    Hours/week
    0.1 + 37.5 related

  • Claudia Wink-Basing

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Jose Santamaria

    PRESIDENT (BEGAN 11/28/23)

    Total calculated
    $0
    Hours/week
    0.1 + 1 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.

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.

  • KALAMAZOO ROSEWOOD LDHA LP

    RELATED · HOUSING · MI · 99.99% owned · share of income -$338,749 · share of assets $3,065,395

    Directly controlled by KALAMAZOO AREA HOUSING CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROSEWOOD NONPROFIT HOUSING CORPORATION

    C · HOUSING · MI

  • RICKMAN HOUSE PRESERVATION LOW-INCOME NONPROFIT HOUSING CORP

    C · HOUSING · MI

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349314098

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