Form 990 for tax year 2024
Filed by PVM WESTLAND SUPPORT CORPORATION.
Totals
- Total revenue
- $400,500
- Total expenses
- $634,102
- Contributions and grants received
- $0
- Grants paid
- $69,334
- Program service revenue
- $400,500
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $12,183,308
- Total liabilities, end of year
- $9,785,742
- Net assets or fund balances, end of year
- $2,397,566
- Program services expenses (Part IX)
- $622,069
- Management and general expenses
- $12,033
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $622,069
Program services were 98.1% 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: RENTAL INCOME
total $400,500 · related or exempt $400,500
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $69,334 · program services $69,334
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $4,166 · management and general $4,166
-
16 · Occupancy
total $46,663 · program services $46,663
-
20 · Interest
total $116,267 · program services $116,267
-
22 · Depreciation, depletion and amortization
total $389,805 · program services $389,805
-
24a · Other expenses: ADMINISTRATIVE EXPENSES
total $7,867 · management and general $7,867
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,712,018 · end of year $168,478
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $20,720
-
10a · Land, buildings and equipment: cost or other basis
$12,186,800
-
10b · Land, buildings and equipment: accumulated depreciation
$379,123
-
10c · Land, buildings and equipment, net
beginning of year $9,710,646 · end of year $11,807,677
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $186,433
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $28,196
-
22 · Loans and payables to officers and key people
end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $11,702,658 · end of year $9,660,750
-
25 · Other liabilities
beginning of year $78,156 · end of year $96,796
-
27 · Net assets without donor restrictions
beginning of year $2,641,850 · end of year $2,397,566
Mission and programs · 2024
Mission
TO ENGAGE IN CHARITABLE ACTIVITIES THAT COMPLEMENT AND SUPPORT THE CHARITABLE ACTIVITIES OF PRESBYTERIAN VILLAGES OF MICHIGAN, INCLUDING ACQUIRING, DEVELOPING AND LEASING THE PROPERTY AT 360 S. MERRIMAN ROAD, WESTLAND, MICHIGAN FOR USE FOR SENIOR CARE SERVICES.
Activities or mission (Part I)
PVM WESTLAND SUPPORT CORPORATION IS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION OF PRESBYTERIAN VILLAGES OF MICHIGAN (PVM). THE CORPORATION OWNS THE 23,335 SQUARE FOOT WESTLAND PACE CENTER AT 360 S. MERRIMAN ROAD, WESTLAND, MICHIGAN, DEVELOPED WITH NEW MARKETS TAX CREDIT FINANCING, AND LEASES IT TO PACE SOUTHEAST MICHIGAN TO OPERATE THE PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE), SUPPORTING AND COMPLEMENTING PVM'S CHARITABLE MISSION OF SERVING SENIORS.
-
OWNERSHIP AND OPERATION OF THE WESTLAND PACE CENTER, A 23,335 SQUARE FOOT SENIOR CARE FACILITY LEASED ON A LONG-TERM BASIS TO PACE SOUTHEAST MICHIGAN, A MICHIGAN NONPROFIT OPERATING THE PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY FOR NURSING-HOME-ELIGIBLE SENIORS IN WESTERN WAYNE COUNTY. FY2025 WAS THE FIRST YEAR OF RENTAL OPERATIONS.
Expenses $622,069 · Grants $69,334 · Revenue $400,500
As filed on the 2024 return.
Listed in Part VII
-
Al BogdanAL BOGDAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David FrauenheimDAVID FRAUENHEIM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Doug ClarkDOUG CLARK
CLERK
- Total calculated
- $0
- Hours/week
- 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
-
TO FUND OPERATIONS
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.
-
PRESBYTERIAN VILLAGES OF MICHIGAN
501(C)(3) · SENIOR HOUSING AND SERVICES · MI
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 August 2026
- IRS schema version
- 2024v5.1
- Source object
- 202622259349300042
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